CBUAE announces results of COP28 UAE TechSprint initiative – Gulf Today

CBUAE announces results of COP28 UAE TechSprint initiative – Gulf Today

COP28 UAE TechSprint attracted 126 proposals from across 31 countries.

The Central Bank of the UAE (CBUAE) today announced the results of the COP28 UAE TechSprint initiative on Finance Day at COP28.

Launched by CBUAE, COP28 Presidency, the Bank for International Settlements (BIS), and the Emirates Institute of Finance (EIF); the global initiative promotes technology innovation in scaling sustainable finance, aligned with the CBUAE’s goals to drive digitalisation, advanced technologies, and sustainability in the financial sector.

COP28 UAE TechSprint attracted 126 proposals from across 31 countries, engaging participation of financial innovators and developers from around the world. Following the submissions of proposals, 15 finalist teams were shortlisted and presented their prototypes to an independent panel of judges who selected the best solution in each of the three categories below. The COP28 UAE TechSprint highlights the role of innovative technology solutions to address challenges in green and sustainable finance.

The best innovative solutions for each category were recognised at CBUAE’s event at COP28, which aimed to drive sustainable finance solutions that contribute to global efforts to tackling climate change.

Intensel, from Hong Kong, was recognised in the category of “Innovative artificial intelligence solution to scale up sustainable finance and climate action” with their climate