QFCRA expands partnership with Microsoft to accelerate digital transformation journey

QFCRA expands partnership with Microsoft to accelerate digital transformation journey

The Qatar Financial Center Regulatory Authority (QFCRA) has expanded its partnership with Microsoft to further its digital transformation objectives.

The QFCRA, which migrated to the Microsoft Cloud in 2020, signed a memorandum of understanding (MoU) to leverage Microsoft’s advanced cloud services to improve performance, increase resiliency, and lower costs across its operations.

Responsible for maintaining the efficiency, transparency, and integrity of the country’s global business and financial hub, the Qatar Financial Centre, the QFCRA plays a key role in the development of Qatar’s financial services sector.

As part of this MoU, the QFCRA and Microsoft will explore a roadmap for solutions that leverage Artificial Intelligence (AI) and data analytics to derive actionable insights from social media analytics, AI-powered knowledge mining, Robotic Process Automation (RPA), chatbots, and more.

The QFCRA and Microsoft will also engage in awareness sessions to showcase the latest innovative Microsoft technologies and solutions, and QFCRA employees will be enrolled in the Microsoft National Skilling Programme for Qatar.

The expansion of its partnership with Microsoft empowers the QFCRA to further leverage Microsoft cloud services and advanced technologies to achieve its objectives of maintaining financial stability, reducing systemic risk, and developing financial awareness and protection for customers and investors.