Abu Dhabi-based AI and big data analytics company Presight has signed a Memorandum of Understanding (MoU) with HSBC UAE to collaborate on developing and deploying advanced artificial intelligence solutions for the financial services sector. The strategic agreement was announced during the recent Abu Dhabi Finance Week (ADFW), signaling a significant step towards integrating next-generation AI into core banking operations.
A Strategic Push for Applied Intelligence
The partnership is designed to accelerate the adoption of AI-powered capabilities that enhance risk intelligence, bolster operational performance, and generate smarter insights for clients and business strategy. By leveraging Presight’s expertise in big data analytics, the collaboration aims to improve operational efficiency, strengthen regulatory oversight, and unlock new avenues for sustainable growth within the financial ecosystem.
Both organizations have emphasized a shared commitment to responsible innovation and the use of applied intelligence to meet the evolving demands of the financial industry.
Targeting Core Financial Operations
Under the MoU, the collaboration will focus on several priority areas where AI can deliver substantial impact. These include intelligent risk and compliance, human capital intelligence, growth and client intelligence, and client acquisition strategies. A key objective is also the development of real-time analytics for executive dashboards to support insight-driven decision-making.
A joint working group will be established to guide the partnership, define specific workstreams, and ensure governance rooted in transparency and trust.
Mohamed Al Marzooqi, CEO of HSBC UAE, commented on the partnership, stating, “AI is transforming how banks operate and serve their customers. Our collaboration with Presight supports the UAE’s ambition to advance its AI capabilities and reflects our commitment to adopting advanced technologies that improve risk management, empower our people and help us deliver better client experience.”
Thomas Pramotedham, CEO of Presight, added, “HSBC is one of the most respected names in global banking, and we are honored to work alongside them to reimagine the future of financial services through applied AI. By combining our technological capabilities with HSBC’s global banking expertise, we aim to enhance oversight, elevate efficiency, and unlock strategic insights that support resilient and sustainable growth.”
This partnership reinforces Presight’s growing portfolio of collaborations in the financial sector, contributing to the UAE’s Financial Infrastructure Transformation Programme and positioning the nation as a global hub for data-driven innovation.
About Presight
Presight is an ADX-listed public company with Abu Dhabi-based G42 as its majority shareholder and is a leading global AI and big data analytics company. It combines big data, analytics, and AI expertise to serve every sector, of every scale, to create business and positive societal impact. Presight excels at all-source data interpretation to support insight-driven decision-making that shapes policy and creates safer, healthier, happier, and more sustainable societies. Today, through its range of AI-driven products and solutions, Presight is bringing Applied Intelligence to the private and public sector, enabling them to realize their AI strategy and ambitions faster.
Source: Zawya
