HSBC UAE and Presight partner on AI for financial services
Collaboration aims to deploy AI across core banking operations
#UAE #financialservices - G42 AI and big data analytics company Presight has signed a memorandum of understanding with HSBC UAE to collaborate on developing and deploying advanced artificial intelligence solutions across core financial services operations. The partnership, announced during Abu Dhabi Finance Week, will focus on intelligent risk and compliance, human capital intelligence, growth and client intelligence, client acquisition, and real-time analytics for executive dashboards. The collaboration aims to accelerate adoption of AI capabilities that enhance risk intelligence, strengthen operational performance and enable smarter customer and business insights, whilst supporting the UAE’s Financial Infrastructure Transformation Programme.
SO WHAT? - The HSBC-Presight partnership announcement follows months of work between the two organisations to identify opportunities to transform banking processes with AI. The announcement is evidence of a successful start and has the potential to further strengthen Presight’s positioning as a trusted provider of AI solutions for the financial sector, building on its recent strategic partnership with the UAE Central Bank. HSBC is the largest and most widely represented international bank in the Middle East, North Africa and Türkiye region with $73 billion in assets.
Here are some key points about this announcement:
Abu Dhabi-based AI and big data analytics company Presight, an ADX-listed public company (ADX:PRESIGHT) majority-owned by Abu Dhabi technology group G42, has signed a memorandum of understanding with HSBC UAE to develop and deploy AI solutions across core financial services operations.
Announced during Abu Dhabi Finance Week, the strategic partnership will focus on five priority areas:
intelligent risk and compliance;
human capital intelligence;
growth and client intelligence;
client acquisition; and
real-time analytics for executive dashboards.
The collaboration aims to accelerate adoption of next-generation AI capabilities that enhance risk intelligence, strengthen operational performance, improve regulatory oversight, and unlock opportunities for sustainable client growth through the integration of AI into strategic banking domains.
A joint working group will be established to guide the collaboration, defining workstreams, reviewing progress, and ensuring aligned governance rooted in transparency, trust and responsible innovation, with structured mechanisms to assess impact and maintain responsible AI adoption.
The partnership framework combines Presight’s technological capabilities with HSBC’s global banking expertise to enhance oversight, elevate efficiency and unlock strategic insights supporting resilient and sustainable growth across the financial services ecosystem.
Presight’s growing portfolio of strategic collaborations across the financial sector such as the UAE Central Bank supports national priorities including the UAE’s Financial Infrastructure Transformation Programme, positioning the UAE as a global centre for intelligent, data-driven innovation in regulated industries.
HSBC represents the largest and most widely represented international banking organisation in the Middle East, North Africa and Türkiye region, with presence in nine countries and assets of $73 billion as at 31 December 2024, providing substantial scale for AI deployment.
[Written and edited with the assistance of AI]