FAB, Microsoft announce strategic partnership to reshape future of financial services globally

FAB, Microsoft announce strategic partnership to reshape future of financial services globally

ABU DHABI/ WAM First Abu Dhabi Bank (FAB) and Microsoft will collaborate in developing new AI-based banking capabilities under a strategic business partnership signed today, with the UAE’s largest bank and the global technology leader to cooperate on the launch of an ‘AI Innovation Hub’ for financial services. The new AI Innovation Hub will focus ...

ABU DHABI/ WAM

First Abu Dhabi Bank (FAB) and Microsoft will collaborate in developing new AI-based banking capabilities under a strategic business partnership signed today, with the UAE’s largest bank and the global technology leader to cooperate on the launch of an ‘AI Innovation Hub’ for financial services.

The new AI Innovation Hub will focus on innovation, sustainability, and customer experience. The hub will drive partnership under three main thematic areas for collaboration – innovation through AI, driving global growth, and shaping the future of financial market ecosystems. The hub will accelerate the adoption of new innovations and AI technology into financial services to provide product enhancement, personalisation, unique AI risk models, new solutions, and other advances.

The initiative extends FAB’s previous work in AI, including its long-standing partnership with G42. FAB recently joined forces with Core42 – a G42 company and full-spectrum AI enablement solutions provider –