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الاتحاد
Dubai financial sector adopts AI-driven digital banking
A report from the Dubai International Financial Centre (DIFC) has confirmed that the future of the banking sector depends on building resilience and adaptability to changes and disruptions, especially with the rising impact of artificial intelligence and competition from emerging digital institutions. The report highlights that digital banks are characterized by faster operations, personalized services, and cost efficiency. It warns that traditional sector profits could decline by $170 billion by 2030 if a radical transformation of their operational models does not occur, emphasizing the role of artificial intelligence in enhancing productivity and growth.
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