The Central Bank of the United Arab Emirates (CBUAE) and Presight announced the launch of a technology services-based joint venture to support the CBUAE’s Financial Infrastructure Transformation (FIT) Programme, with a mandate to provide sovereign, AI-powered platforms and services for the UAE’s financial market infrastructure. The joint venture will play a central role in the development, maintenance and technical support of key infrastructures, including the Central Bank Digital Currency (CBDC) infrastructure, the Instant Payments Platform (Aani), the Domestic Card Scheme (Jaywan), the National Card Switch, the Real-Time Gross Settlement (RTGS) system and the Open Finance platform (Nebras). The agreement was signed by CBUAE Assistant Governor Ebrahim Obaid Al Zaabi and Presight Chief Executive Officer Thomas Pramotedham.
Central Bank of the UAE 2025-07-23
Central Bank of the United Arab Emirates and Presight launch joint venture to deliver AI-powered technology services for the FIT programme
The Central Bank of the UAE (CBUAE) and Presight have launched a joint venture to advance the CBUAE’s Financial Infrastructure Transformation Programme. This initiative will provide AI-powered platforms and services for the UAE’s financial market infrastructure, focusing on systems like the Central Bank Digital Currency infrastructure, Instant Payments Platform, Domestic Card Scheme, National Card Switch, Real-Time Gross Settlement system, and Open Finance platform.