The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) have signed an MoU to advance the use of AI in financial regulation. Their partnership aims to develop cutting-edge regulatory technology (regtech) and supervisory technology (suptech) to enhance regulatory compliance and operational efficiency in the financial services sector.

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This collaboration involves training an AI algorithmic model to extract meaning from financial regulations and rules, enabling financial firms to improve regulatory compliance. One key aspect is enhancing FSRA's 'Risk Analyser,' employing AI to provide targeted insights for regulatory assessment. The partnership intends to empower the financial industry through these solutions.

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Emmanuel Givanakis, CEO of ADGM FSRA, highlighted the commitment to regulatory innovation and the vision of Regulation-as-a-Service, while Sultan Al Hajji, MBZUAI’s Vice President of Public Affairs and Alumni Relations, emphasized the importance of AI in supporting sustainable innovation and growth in the financial services sector, particularly in the UAE's emerging fintech hub.

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