
Dubai: Launches World’s First AI-Powered Financial Governance System
Emarat Al Youm, 22 April 2025: Dubai’s Department of Finance has unveiled “ASCEND,” an AI-powered system designed to enhance financial governance and compliance.
The system was launched during the inaugural Dubai AI Week, reflecting the department’s commitment to modernising government financial operations and ensuring future readiness through advanced technology and innovation.
“ASCEND” is a cornerstone of Dubai’s AI strategy, driving comprehensive transformation in financial operations to ensure accountability, flexibility, and excellence. It addresses government compliance challenges such as data fragmentation and manual processes and it seamlessly integrates with other internal systems, enabling unified compliance oversight without data transfer. The system automates traditional review processes, setting a high global standard for public sector financial oversight.
It employs a multi-step intelligent approach supported by open-source large language models and retrieval-augmented generation architecture and analyses complex legal texts, understands financial processes, and assesses compliance with relevant laws and regulations. The system generates actionable AI-driven recommendations to support governance practices and automatically issues clear compliance reports in Arabic and English.
“ASCEND” has been designed to be secure and scalable, operating on a cloud infrastructure within the UAE to ensure full data sovereignty and compliance with national information security standards.
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