ADGM Guidelines for Financial Institutions adopting Enabling Technologies

Central Bank of the UAE

Securities and Commodities Authority

Dubai Financial Services Authority

Financial Services Regulatory Authority

Contents

Introduction ... 3 Objectives ... 3 Structure of the Guidelines ... 4 Scope of Application ... 4 Section 1: Definitions ... 5 Section 2: Key Principles for adopting Enabling Technologies ... 11 Key Principles for all Enabling Technologies ... 11 Application Programming Interfaces (APIs) ... 11 Cloud Computing ... 12 Biometrics ... 12 Big Data Analytics and Artificial Intelligence (AI) ... 13 Distributed Ledger Technology (DLT) ... 13 Section 3: Guidelines for adopting Enabling Technologies ... 15 Application Programming Interfaces (APIs) ... 15 Cloud Computing ... 19 Biometrics ... 28 Big Data Analytics and Artificial Intelligence (AI) ... 30 Distributed Ledger Technology (DLT) ... 35 Section 4: Interpretation ... 41

Introduction

The Central Bank of the UAE (CBUAE), together with the Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA) of the Dubai International Financial Centre and the Financial Services Regulatory Authority (FSRA) of...