Emirates Development Bank Adopts Modern AI Technologies.
Emirates Development Bank (EDB) has launched “The EDB AI Wave” program, a strategic initiative aimed at raising awareness about the importance of integrating artificial intelligence (AI) technologies across the bank’s operations and activities.
This new initiative underscores the bank’s commitment to adopting modern technologies and preparing qualified personnel to apply global best practices.
The program aims to efficiently utilize AI tools and technologies throughout the bank’s processes.
It includes comprehensive education and awareness efforts.
These efforts are focused on building knowledge and deepening understanding of AI technologies.
Setting New Standards
Emirates Development Bank also seeks to embed an AI culture across all its departments.
Contributing to the UAE’s digital transformation goals.
By doing so, the bank ensures workforce readiness to drive innovation and enhance decision-making processes.
In addition, it improves operational efficiency in alignment with the country’s strategic vision.
Ahmed Mohamed Al Naqbi, the CEO of Emirates Development Bank, emphasized:
“This initiative reinforces EDB commitment to set new standards for efficiency and government excellence.
The bank envisions strategic decision-making and service improvements based on AI insights and solutions.
Ultimately contributing to long-term economic growth in the UAE.”
EDB AI Wave
“EDB AI Wave” program aligns with the UAE’s AI Strategy 2031, which aims to position the country as a global innovation hub in AI.
The focus is on developing smart government services.
Particularly within the banking sector, by effectively integrating AI technologies.
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Additionally, the bank hosted an inaugural session featuring Irina Petrakova-Otto, Executive Director of Technology at Microsoft’s Private Capital and AI division.
The discussion centered on practical AI applications in the banking sector, transformative potential, and exploring diverse use cases across various departments.
The program will continue with interactive workshops, seminars, and practical training sessions.
Ensuring that Emirates Development Bank employees stay up-to-date with the latest AI developments.
They are also empowered to lead innovation and digital transformation both within the bank and on a broader national scale.
