Atos selected by Banque Misr to power Egypt’s first digital bank

Atos has been selected by Banque Misr, one of the largest banks in Egypt, to support its transformational journey to become the country’s first digital bank. Atos will deliver a trusted digital banking experience to customers, supporting the ambition of Banque Misr to appeal to a broad demographic, while enhancing its suite of international transactions services.

The contract will involve harnessing best-of-breed technologies from a variety of leading vendors to deliver a technology stack incorporating key digital banking elements such as digital customer platforms and channels, support systems, enterprise integration and data handling – all underpinned by a robust cybersecurity solution.

Atos was selected for its global financial services transformation and banking reinvention expertise, underlining its suitability in establishing a greenfield digital bank for Banque Misr. The contract will see Atos utilize its technology orchestration prowess and capabilities in operating hybrid and multi-technology application platforms to deliver what is a landmark digital transformation for Egyptian financial services.

Sherif Elbehery, CEO for Misr Digital Innovation, the digital banking arm of Banque Misr said “With the appointment of Atos we can move forward with renewed confidence in our transformation journey as we deliver Egypt’s first digital bank. This launch will offer a trusted digital banking experience that better suits the modern requirements of customers and which we expect will benefit the wider economy, acting as a catalyst for renewed growth and investment across the country. We look forward to supporting our customers in the transition to digital banking.”

Ahmad Elharany, Head of Egypt, Atos said “We are pleased to have been selected for this pivotal role in the transformation of Banque Misr. Across the financial services industry, Atos has vast experience in the delivery of bespoke end-to-end technologies that are scalable, future-proofed, and that elevate customer Press release experience and service. We look forward to bringing this offer to Banque Misr and its millions of customers.”

According to Atos, customer experience, operational excellence, and trust and compliance sit alongside reinvention as banking transformation cornerstones with the company drawing on its global network of financial services digital and transformation practitioners in support of the contract with Banque Misr.