Finance services

Banque Misr collaborates with Finastra for digital finance services

Cairo – Finastra announced that Egyptian state-run Banque Misr has selected Fusion Trade Innovation and Fusion Corporate Channels to digitize its financial services and attract new customers.

The bank also chose DataGear, which is Finastra’s partner, to implement the software solutions provided by Finastra, according to a press release.

Banque Misr Chief Operating Officer (COO), Sayonara El-Asmar, said, “With Finastra’s solutions, the bank will streamline core processes related to trade finance activities and transform our existing systems to provide our client companies an end-to-end solution. digital experience.

For his part, Ahmed Essam, Head of Corporate Operations at Banque Misr, said: “We chose Finastra because of the effectiveness of its solutions and the team’s commitment to our business. Its open development platform, FusionFabric.cloud, also gives us the ability to leverage a wider network of services. »

It should be noted that Banque Misr invested 80.50 million dollars in the capital increase of African Export-Import Bank (Afreximbank) last February.

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