Doha, Qatar, 20 February 2022 – The Qatar Financial Center Regulatory Authority (QFCRA) has
expanded its partnership with Microsoft to further its digital transformation objectives. The QFCRA,
which migrated to the Microsoft Cloud in 2020, signed a Memorandum of Understanding (MoU) to
leverage Microsoft’s advanced cloud services to improve performance, increase resiliency and lower
costs across its operations.
Responsible for maintaining the efficiency, transparency, and integrity of the country’s global business
and financial hub, the Qatar Financial Centre, the QFCRA plays a key role in the development of Qatar’s
financial services sector. As part of this MoU, the QFCRA and Microsoft will explore a roadmap for
solutions that leverage Artificial Intelligence (AI) and data analytics to derive actionable insights from
social media analytics, AI-powered knowledge mining, Robotic Process Automation (RPA), chatbots
and more.
The QFCRA and Microsoft will also engage in awareness sessions to showcase the latest innovative
Microsoft technologies and solutions, and QFCRA employees will be enrolled into the Microsoft
National Skilling Program for Qatar.
The expansion of its partnership with Microsoft empowers the QFCRA to further leverage Microsoft
cloud services and advanced technologies to achieve its objectives of maintaining financial stability,
reducing systemic risk and developing financial awareness and protection for customers and investors.
“Our move to the Microsoft cloud in 2020 enabled us to deliver fast, secure on-demand services from
anywhere at any time, while reducing our IT running costs by more than 60%,” said Fatma
Abdulrahman Al Meer, Chief Financial Officer and Chief Operating Officer at QFCRA. “We are proud to
expand our partnership with Microsoft and maximize the power of the cloud to extract intelligent,
actionable insights which will inform our decision-making, optimize our operations and transform the
way we deliver our services.”
For her part, Lana Khalaf, Country Manager at Microsoft Qatar, said “With the exponential growth in
data, organizations require highly secure trusted solutions to empower their business leaders to
harness the power of data at scale for optimized operations and better decision making. We are
pleased to partner with QFCRA to leverage advanced cloud technologies like AI to unlock actionable
insights from their data.”
The QFCRA’s partnership with Microsoft comes ahead of the technology provider’s launch of a new
datacenter region in Qatar, which will avail enterprise-grade cloud services, combined with data
residency, security, and the broadest compliance to international financial services regulations.
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