Dubai: Alibaba Cloud, the digital and intelligence leader within Alibaba Group, signed a Memorandum of Understanding (MoU) with WeU Bank, the Middle East's leading digital financial platform, to accelerate innovation in cloud computing, artificial intelligence (AI), and financial technology (FinTech). The MoU was signed on the sidelines of GITEX World 2025. This collaboration represents a significant step forward for the region's fintech sector and demonstrates both organizations' commitment to integrating the latest AI technologies to transform banking services.

This collaboration is expected to strengthen WeYou Bank's multi-cloud strategy and accelerate the adoption of generative AI by leveraging Alibaba Cloud's advanced Qwen language model, Artificial Intelligence (PAI) platform, and agent platforms. The two companies will also work together to create AI-powered banking agents to optimize operations and enhance customer service. Hosted securely on Alibaba Cloud's data centers in Dubai, the new platform will ensure greater scalability, efficiency, and speed to market.

“This partnership embodies our ongoing commitment to providing smarter, faster, and more secure solutions to our customers,” said Jayesh Patel, CEO of WeU Bank . “AI is a key pillar of our vision for the future of banking, and by expanding our capabilities with advanced Alibaba Cloud technologies, we will be able to build intelligent agents that simplify processes and enable our customers to grow, prosper, and achieve more in a secure way.”

“We are delighted to announce our collaboration with WeU Bank, leveraging our advanced language model, Qwen, and comprehensive AI platform to drive AI-powered innovation in the Middle East’s financial sector,” said Eric Wan, Vice President of Alibaba Cloud Global and General Manager of the Middle East, Turkey, and Central Asia region at Alibaba Cloud Intelligence. “WeU Bank’s forward-looking approach to digital banking is perfectly aligned with Alibaba Cloud’s mission to empower businesses with cutting-edge technology. This collaboration also underscores our unwavering commitment to supporting the digital transformation of the fintech sector in the region and globally.”

Alibaba Cloud has been a leading provider of cloud services to private companies and government institutions in the UAE and the Middle East since 2016. The company has a strong local ecosystem in the region, with a customer base spanning banking, financial services, insurance, media, and government sectors, in addition to local partners across various sectors.

About Alibaba Cloud

Alibaba Cloud (https://www.alibabacloud.com/) is a global leader in comprehensive AI services. It provides cutting-edge intelligent solutions with a global AI cloud computing network and easy-to-use AI services for developers worldwide. Qwen (Tongyi Qianwen in Chinese) is a suite of AI models developed by Alibaba that spans widely used languages. Qwen models were first open-sourced in 2023 and are now available to developers worldwide via HuggingFace and ModelScope.

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