The Central Bank of the UAE has partnered with Core42 to develop the world’s first sovereign financial cloud ecosystem, marking a major step in strengthening the country’s digital financial infrastructure and reinforcing its ambitions to become a global hub for secure and innovative financial services.
The new Sovereign Financial Cloud Services Infrastructure forms part of the central bank’s broader Financial Infrastructure Transformation programme, designed to modernise the UAE’s financial ecosystem through advanced technology and enhanced cybersecurity. Built on a dedicated and isolated architecture, the platform prioritises data sovereignty while ensuring continuous availability of critical financial services across the national financial sector.
The infrastructure is designed to deliver high levels of operational agility and protection against cyber threats while enabling licensed financial institutions to operate within a secure, unified digital environment. By integrating advanced artificial intelligence and analytics, the system will support intelligent automation and real-time data analysis, allowing institutions to improve decision-making and enhance customer experiences.
In addition, the platform introduces a comprehensive framework for managing multi-cloud services, enabling financial institutions to administer operations seamlessly within a single ecosystem.
The agreement was signed by Saif Humaid Al Dhaheri, Assistant Governor for Banking Operations and Support Services at the Central Bank, and Talal M. Al Kaissi, Interim Chief Executive Officer of Core42, in a ceremony witnessed by Governor Khaled Mohamed Balama and senior officials from both organisations.
Officials said the initiative strengthens national financial resilience by embedding governance, regulatory oversight, and advanced digital capabilities directly into the country’s financial backbone, supporting long-term innovation, competitiveness, and sustainable economic growth.
News Source: Emirates News Agency
