UAE Harnesses Artificial Intelligence to Revolutionize the Global Financial Sector
ABU DHABI — The UAE is cementing its position as a global leader in financial technology, leveraging advanced computing systems to drive digital transformation across its banking and investment sectors.
Official data shows the country has become one of the most active innovators in tech‑based financial solutions, building a supportive environment for rapid digital adoption. The UAE aims to increase the digital economy’s contribution to GDP to 20 percent by 2031.
Industry Leaders Weigh In
Damian Hitchen, CEO of Saxo Bank MENA, said the UAE has achieved significant success in using smart systems to develop its financial markets, enhancing efficiency, transparency, and investor access. Advanced algorithms help reduce human error, improve market liquidity, and develop trading strategies that mitigate risks.
Mohammad Ghosheh, CEO of Noor Capital, noted that UAE banks are already using virtual assistants for round‑the‑clock support and real‑time data analysis to combat fraud and manage risks. He expects high investments in data security using technologies like blockchain, as well as further developments in currency trading, including wider adoption of quantum computing and decentralised finance platforms.
Marc Pussard, Head of Risk at APM Capital, highlighted that the financial sector is projected to grow at a compound annual rate of 5.5 percent, driven by regulatory measures and digital acceleration. Smart algorithms now account for 80 percent of global currency trading transactions.
Razan Hilal, Market Analyst at FOREX.com, pointed to Dubai’s role in this transformation, with its D33 economic agenda and Artificial Intelligence Strategy 2031 aligning to position the emirate as a global hub for advanced financial technologies.
The UAE’s integration of national initiatives, strong governance frameworks, and partnerships with major international firms such as Microsoft, Google, and OpenAI — alongside homegrown giants like G42 — continues to strengthen its leadership in the financial sector.
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