The Central Bank of the UAE (CBUAE), the Bank for International Settlements (BIS), the Emirates Institute of Finance (EIF) and the COP28 Presidency have launched the COP28 UAE TechSprint, a global initiative aimed at promoting innovation in scaling sustainable finance and combating climate change. The initiative aims to encourage the participation of financial innovators and developers from global private and public sector entities in fast-tracking innovative technology solutions to address challenges in green and sustainable finance through technologies such as Artificial Intelligence (AI), Blockchain, Internet-of-Things (IoT), and sensor technologies. Khaled Mohamed Balama, Governor of CBUAE and Chairman of EIF, and Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President Designate, both expressed their support for the initiative.
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