Emirates Development Bank (EDB), the key financial engine of economic development and industrial progress in the UAE, has announced the launch of its in-house AI Wave program.

According to Amac News: The announcement of the UAE Development Bank states that this program is a strategic initiative aimed at increasing artificial intelligence literacy and adoption throughout the organization in line with the UAE's 2031 Artificial Intelligence Strategy.
According to the announcement, the program seeks to support the UAE's position as a global leader in AI innovation while improving government efficiency by advancing banking services through the effective integration of AI technologies.
As a federal government agency, EDB is committed to fostering AI adoption through a comprehensive education and awareness initiative. This organization-wide effort is focused on building knowledge and understanding of AI technologies and international best practices among employees in all departments of the bank.
By promoting AI literacy and strategic insight from the top down, EDB aims to actively contribute to the UAE's digital transformation goals and ensure its workforce is aligned to drive innovation, enhance decision-making and optimize operations. The strategic plan of the country is well equipped.
Reflecting the UAE government's commitment to harnessing the potential of AI to transform service delivery, the AI ​​Wave program emphasizes strategic partnerships to drive impactful initiatives.
The aim of these efforts is to accelerate the adoption of artificial intelligence in EDB sectors, increase efficiency and innovation.
The program's knowledge sessions featured an insightful session led by Irina Petrakova Otto, CTO of Private Equity and AI at Microsoft, who shared valuable insights into AI applications with EDB's executive management, focusing on the potential for transformation. Artificial intelligence has started in banking.
department and examine its various applications in different departments. The second session was led by Martin Hayward, a partner at leading global law firm Pinsent Masons, who delved deeper into the practical aspects of implementing AI.
The AI ​​Wave program will continue to deliver a series of interactive workshops, seminars and hands-on training sessions to ensure that the EDB workforce remains at the forefront of AI developments and is empowered to drive innovation and transformation within the bank and the wider UAE.