CBUAE launches FIT Program to enhance digital transformation of financial services and boost UAE’s competitiveness as financial & digital payment hub in line with the vision of H.H. Sheikh Mansour bin Zayed Al Nahyan. The programme also includes the implementation of digital infrastructures such as Financial Cloud, eKYC, and Open Finance Platforms. These initiatives are expected to enhance regulatory compliance, reduce operational costs, improve innovation, and customer experience, while strengthening security and operational resilience, according to WAM.
The FIT Programme aligns with the country’s “We the UAE 2031″ vision and National Digital Economy Strategy and supports the CBUAE’s mission to promote financial stability and consumer protection through digital technologies. H.E. Khaled Mohamed Balama, Governor of the CBUAE, said: “The FIT Programme embodies the directions and aspirations of our wise leadership towards digitising the economy and developing the financial sector. We are proud to be building an infrastructure that will support a thriving UAE financial ecosystem and its future growth.”
He added: “We will work with our partners to implement the Programme, achieve its goals, accelerate the adoption of digital services in the financial sector and attract the best talent.” Further details and implementation updates of each pillar of the FIT Programme will be announced in due course.
