In a strategic move to bolster its role in facilitating national economic transformation, Emirates Development Bank has launched the “AI Horizons Program.” This initiative aims to integrate artificial intelligence technologies across the bank’s operations, significantly enhancing efficiency and productivity in a sustainable manner.
The program extends beyond merely optimizing internal processes; it is also a key part of the UAE’s national strategy to lead globally in artificial intelligence. Ahmed Mohamed Al Naqbi, CEO of Emirates Development Bank, emphasizes that this initiative underscores the bank’s commitment to setting new standards for efficiency and excellence, focusing on building knowledge and deepening understanding of AI.
Aligned with the UAE’s AI Vision 2031, which aspires to make the nation a global innovation hub, the program involves comprehensive educational and awareness initiatives designed to prepare qualified personnel to implement global best practices in AI technology.
Integrated Strategy for AI in Banking Operations
Amid global shifts toward a digital economy, the Emirates Development Bank initiative responds directly to these changes. By embedding AI into its business structure, the bank aims to streamline operations and enhance customer service.
This step is part of the UAE government’s commitment to adopting modern technologies through strategic partnerships that drive efficiency and innovation in the banking sector. The program focuses on providing AI-driven solutions and insights, bolstering economic growth opportunities and supporting the UAE’s strategic goals.
The program also reflects the UAE’s efforts to adopt AI technologies across different sectors, ultimately improving and smartly developing government services.
Enhancing Human Capabilities in AI
A crucial component of the “AI Horizons Program” is developing qualified human resources. The initiative seeks to empower individuals by harnessing the potential of new technologies, enabling them to lead innovation at all levels.
Dr. Abeer Al Sumaiti, head of human resources at Emirates Development Bank, notes that the program represents a major step in adopting AI applications, integrating smart capabilities throughout the bank’s operations. This approach fosters a culture of innovation and foresight among employees, contributing to improved work quality and delivering added value to the institution and its clients alike.
By prioritizing human resource development, the bank aims to achieve sustainable transformation in the financial services sector through integrating AI into its core strategic operations.
The “AI Horizons Program” marks a significant milestone for Emirates Development Bank in meeting national technology and innovation objectives. By integrating AI technologies into its operations, the bank aims to boost efficiency, innovation, and sustainable growth, reinforcing the UAE’s position as a global leader in AI. This initiative is not only about enhancing internal operations but is also part of a broader strategy to transform the UAE into a global AI innovation center by 2031.
Source: WAM
