Latest news with #KhaledElAttar
Fintech News ME
11 hours ago
- Business
- Fintech News ME
Egypt's First Fully Digital Bank, onebank, Approved by Central Bank
Banque Misr 's subsidiary, Misr Digital Innovation, has received approval from the Central Bank of Egypt (CBE) to transition into onebank, set to become the country's first fully digital bank. The launch of onebank's products and services is expected in 2026, with all offerings delivered exclusively through digital channels, according to Daily News Egypt. Sherif El-Behiry, Managing Director and CEO of Misr Digital Innovation, said: 'We are not just introducing a new digital bank; we are redefining the future of banking in Egypt. Our board brings a wealth of experience and strategic vision that empowers us to deliver innovative financial solutions aligned with the evolving aspirations of Egyptian consumers. Together, we are committed to positioning onebank at the forefront of the financial sector and raising the benchmark for banking excellence across the region.' Founded in 2020 with full funding and backing from Banque Misr, Misr Digital Innovation's transformation into onebank forms part of a clear strategy to build a modern digital economy. The bank aims to provide secure, user-friendly, and technology-driven financial services that are accessible at any time and from any location, without the need for physical branches. To lead this transition, Khaled El Attar has been appointed chairperson, supported by a board of directors comprising prominent figures in technology, law, investment, public policy, and innovation. El Attar described onebank as 'a new beginning in Egypt's financial history and a pivotal step in embedding digital transformation into the national economy. Our mission is clear: to deliver smarter, more inclusive, and seamless banking services that are accessible to every Egyptian citizen.'
Daily News Egypt
2 days ago
- Business
- Daily News Egypt
Misr Digital Innovation gains Central Bank approval to transition into ‘onebank'
Misr Digital Innovation has received approval from the Central Bank of Egypt (CBE) to transition into onebank, the country's first fully digital bank, which will deliver all services exclusively through digital channels. The milestone positions onebank as a pioneering player in Egypt's financial sector, advancing national digital transformation, expanding financial inclusion, and cementing Egypt's role as a leader in digital banking innovation. Founded in 2020 with full funding and backing from Banque Misr, Misr Digital Innovation's transformation into onebank reflects a clear strategy to build a modern digital economy. By offering secure, user-friendly, and technology-driven banking services accessible anytime and anywhere—without physical branches—the bank aims to reach underserved segments and unbanked populations, aligning with Egypt's national digital economy agenda. The bank is preparing to roll out its products and services in 2026, marking a new chapter for Egypt's financial landscape. To reinforce this transformation, Khaled El Attar has been appointed Chairperson, supported by a board of directors that includes leading global figures in technology, law, investment, public policy, and innovation. This diverse expertise, the bank said, will help drive onebank's mission to expand financial inclusion and accelerate Egypt's digital transformation. El Attar described onebank as 'a new beginning in Egypt's financial history and a pivotal step in embedding digital transformation into the national economy. Our mission is clear: to deliver smarter, more inclusive, and seamless banking services that are accessible to every Egyptian citizen.' Sherif El-Behiry, CEO and Managing Director, said: 'We are not just introducing a new digital bank; we are redefining the future of banking in Egypt. Our board brings a wealth of experience and strategic vision that empowers us to deliver innovative financial solutions aligned with the evolving aspirations of Egyptian consumers. Together, we are committed to positioning onebank at the forefront of the financial sector and raising the benchmark for banking excellence across the region.'
See - Sada Elbalad
2 days ago
- Business
- See - Sada Elbalad
CBE Grants Approval for Misr Digital Innovation to Transition to onebank, Egypt's First Digital Bank, Introducing New Board of Directors
Rana Atef In a landmark move for Egypt's banking sector, the Central Bank of Egypt (CBE) has granted approval for Misr Digital Innovation (MDI) to transform into 'onebank', Egypt's first fully digital native bank, designed to serve customers by offering financial services exclusively through digital channels and platforms. This pivotal transition marks a turning point in the evolution of Egypt's banking sector, cementing onebank's position as a pioneer in the field and a key pillar in building the country's digital economy. MDI was established in 2020 as a leading player in the Egyptian financial sector, funded by Banque Misr as main shareholder. Today, MDI's transformation into onebank reflects a Egypt's clear vision for building a digital economy. onebank is set to launch its products and services to the Egyptian public in 2026 following the final approval from the Central Bank of Egypt. onebank aims to drive financial inclusion and support Egypt's digital economy growth strategy, the bank is committed to deliver secure and inclusive financial services, serving customers anytime, anywhere, powered by the latest technologies to meet the demands of this digital-first era. This strategic transformation is reinforced by the appointment of Eng. Khaled El Attar as Chairman, supported by an exceptional Board of Directors, comprised of distinguished leaders and global experts in technology, law, investment, public policy, and innovation. With a shared vision and purpose, the leadership team is set to guide onebank in advancing Egypt's digital economy, financial inclusion, and leadership in banking transformation. 'onebank represents a new chapter in the history of Egypt's financial sector, and a pivotal step towards embedding digital transformation in our national economy' said Eng. Khaled El Attar, newly appointed Chairman of onebank. 'Our mission is clear: to provide smarter, more inclusive, and more seamless banking services that are accessible to every Egyptian. We are guided by a leadership team of global experts with diverse backgrounds, working together to deliver secure, advanced and user-friendly financial solutions; hence, placing onebank at the forefront of Egypt's digital banking landscape.' Commenting on the upcoming launch, Mr. Sherif ElBehery, CEO and Managing Director of onebank, said: 'We are not simply introducing a new digital bank; we are redefining the future of banking in Egypt. Our newly appointed board of directors brings a wealth of expertise and strategic vision, empowering us to deliver innovative solutions that cater to the evolving needs of Egyptian consumers. Together, we are committed to placing onebank at the forefront of the financial services sector, setting new standards for excellence and accessibility across the region," said ElBehery. onebank is represented by a Board of Directors with unique competencies and a clear strategic vision. The members of the Board of Directors are: Eng. Khaled El Attar, Chairman of onebank, Non-Executive – Eng. Khaled El Attar is a seasoned Egyptian technology leader with over 35 years of experience in informatics and digital transformation. Throughout his career, El Attar has overseen more than 150 IT projects across Egypt, Saudi Arabia, the UAE, Bahrain, Germany, and the United States. He has held senior roles at Digital Egypt Platform, IBM and Raya Holding for 28 years and served as the Vice Minister for Administrative Development, Digital Transformation, and Automation at Egypt's Ministry of Communications and Information Technology (MCIT) from 2018 till 2024. Mr. Sherif Elbehery, Chief Executive Officer & Managing Director of onebank – With over 25 years of experience in the global financial services industry, Sherif Elbehery has been at the forefront of leadership in major banks including Citibank, Barclays & Banque Misr, he spearheaded the establishment of MDI (now onebank) since its inception. His extensive international career spans the Middle East, Africa, Asia, and Russia, where he successfully developed and executed market entry strategies, business growth and transformation plans. He brings deep expertise in retail, SMEs and Islamic banking to drive onebank's vision forward. Mr. Anwar Zeidan, Non-Executive Board Member representing Banque Misr, is a founding partner of Zulficar & Partners Law Firm and head of its Capital Markets Group. With over 25 years of legal experience, he is recognized as an expert in capital markets, banking, and investment law, having led major transactions and contributed to regulatory development, including ESOPs in Egypt. Ms. Amal Enan, Non-Executive Independent Board Member, is CIO of AUC's Endowment and a Partner at 500 Global, overseeing $2.5B in assets. She has held senior roles at the Egyptian American Enterprise Fund, Ministry of Finance, and IFC. A Harvard MBA and LSE graduate, she is a recognized leader in early-stage investment and sustainable finance. Dr. Ayman Ismail, Non-Executive Independent Board Member, is a global expert in entrepreneurship and economic development. He founded AUC Venture Lab and AUC Innovation Hub and has held roles at Harvard, McKinsey, and the World Bank. He holds a PhD from MIT and has co-founded several tech startups and consultancies. Dr. Nada Elshazly, Non-Executive Independent Board Member, is a professor and advisor in economics and financial transformation. Formerly Head of Economics & FinTech at SSM, she has consulted for global institutions including the World Bank and European Commission. She co-founded Everest Business Consulting and holds advanced degrees from institutions in the UK, Egypt, and Asia. About onebank onebank is Egypt's first fully digital native bank, built to deliver innovative financial services through a simple, secure, and seamless banking experience, and to drive financial inclusion. Operating under the regulations of the Central Bank of Egypt, onebank will launch in 2026 to set a new benchmark for the digital banking experience in the region. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 Videos & Features Story behind Trending Jessica Radcliffe Death Video News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt News The Jessica Radcliffe Orca Attack? 100% Fake and AI-Generated
