AIFT, a global cybersecurity and insurance technology company, has strengthened its commitment to the Middle East region with further investment and strategic appointments.
In December 2024, AIFT received additional investment from Dubai Insurance Company, which has been a key partner since December 2023.
This partnership led to the development of OneInfinity, the region’s first web3 insurance product approved by the Central Bank of the United Arab Emirates.
Obaid Buti Almulla of Dubai Insurance has now joined AIFT’s board of directors, further enhancing the partnership.
Professor Tony Chan, former President of King Abdullah University of Science and Technology in Saudi Arabia, has joined AIFT’s International Advisory Board. With his expertise in AI and digital strategy, his insights will be crucial as AIFT introduces AI-driven cybersecurity products to the Middle East.
Alvin Kwock, CEO and Co-Founder of AIFT, said,
“It is a great honour for us that AIFT’s progress in the Middle East has been recognised with the support of leading figures in the region such as Obaid and Professor Chan, not to mention the continued financial backing of Dubai Insurance.”
Featured image credit: edited from AIFT