Abu Dhabi Global Market Academy (ADGMA) has partnered with the London-based Centre for Finance, Technology and Entrepreneurship (CFTE) to introduce a new programme, “Artificial Intelligence in Finance”, as part of the ADGMA’s School of FinTech. The announcement was made during the FinTech Abu Dhabi Festival 2019. The purpose of the new programme is to increase Artificial Intelligence (AI) knowledge and understanding of its impact on the financial services and its industry both locally and globally. The partnership was signed between Hamad Al Mazrouei, Managing Director of ADGM Academy and Huy Nguyen Trieu, Co-Founder of CFTE, witnessed by H.E Ahmed Ali Al Sayegh, Minister of State (UAE) and Chairman of ADGM and Khalid Al Suwaidi, Chairman of ADGM Academy.
As an important component of FinTech, the AI in Finance programme aims to prepare professionals, institutions and their workforce to the changing landscape of finance that is transformed by Artificial Intelligence, Machine Learning, and Automation. From the understanding of AI technologies to their applications in finance and from ethical considerations to implementation in the enterprise, the comprehensive AI in Finance programme will also serve to drive innovation across the industry and reinforce its leading financial services position of Abu Dhabi regionally and globally in the Middle East.
According to PWC, the finance sector is most likely to be revolutionised by AI in the Middle East and Africa, where it is estimated that 25% ($28.3 million) of all AI investment predicted for 2021, will be spent on developing AI solutions. The new partnership and programme merge well with the ADGM Academy’s ongoing efforts and commitment to provide a sustainable pool of highly-skilled human capital and expertise to support Abu Dhabi’s financial industry and economy. The UAE Government’s ‘Strategy for Artificial Intelligence (AI)’ focuses on future services, sectors and infrastructure projects.
ADGM Academy and CFTE plan to utilise on this immense opportunity and are looking forward to collaborating on the Programme of AI in Finance project. ADGM Academy is part of Abu Dhabi Global Market, one of the leading global financial centres, and is working with experts to deliver high-quality financial education. Located in Abu Dhabi, the capital of the United Arab Emirates, the Academy has been established to build expertise, financial education and literacy to power the region.
Hamad Al Mazrouei, Managing Director of ADGM Academy, said: “We are pleased to further our collaboration with CFTE to raise the level of financial knowledge and expertise of our corporate and financial professionals in Abu Dhabi and across the wider MENA region. ADGM Academy has been a “port of call” for local and global professionals seeking financial and FinTech education, training and workshops to enhance their competitive edge in today’s fast-evolving business models and environment. The AI in Finance programme is an important addition to our School of FinTech and an extension of our efforts in supporting the UAE’s AI strategy and focus.”
London-based CFTE will help to deliver knowledge from world-class experts to support ADGM Academy’s vision and contributes to the development of the new-age workforce. Huy Nguyen Trieu, Co-Founder CFTE said, “We are honored to be partnering with ADGM Academy in strengthening the financial expertise and know-how of professionals in the UAE and the wider region. Artificial Intelligence is transforming financial services everywhere in the world, and Human Capital is what makes it possible. The AI in Finance programme will be an important catalyst to help institutions and professionals be part of this transformation.”