Latest news with #MisrDigitalInnovation
Fintech News ME
13 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.'
Zawya
a day ago
- Business
- Zawya
Oman: CBE approves Misr Digital Innovation's transition to onebank
Arab Finance: The Central Bank of Egypt (CBE) has granted approval for Misr Digital Innovation (MDI) to transition into onebank, the country's first fully digital native bank, as per a press release. The move positions onebank to deliver financial services exclusively through digital platforms, reflecting Egypt's strategy to expand its digital economy and advance financial inclusion. Founded in 2020 with Banque Misr as its main shareholder, MDI has been a key player in Egypt's financial sector. Its transition into onebank aligns with the country's vision for digital transformation, with the bank set to launch its products and services to the public in 2026 following CBE's final approval. onebank aims to provide secure and inclusive financial solutions accessible anytime and anywhere, using advanced technologies to meet the needs of a digital-first market. The transformation is backed by the appointment of Khaled El Attar as chairman and the formation of a new board of directors composed of leaders from banking, technology, law, investment, and public policy. El Attar, with more than 35 years of experience in informatics and digital transformation, has overseen over 150 IT projects across multiple countries and previously served as Vice Minister for Administrative Development, Digital Transformation, and Automation at the Ministry of Communications and Information Technology. Sherif Elbehery, who has over 25 years in financial services across Citibank, Barclays, and Banque Misr, will serve as chief executive officer (CEO) and managing director. He played a leading role in establishing MDI and brings expertise in retail, SMEs, and Islamic banking. The board also includes Anwar Zeidan, a founding partner at Zulficar & Partners Law Firm and Banque Misr representative; Amal Enan, CIO of AUC's Endowment and Partner at 500 Global; Ayman Ismail, founder of AUC Venture Lab and Innovation Hub; and Nada Elshazly, professor and consultant in economics and financial transformation. With this leadership team, onebank is positioned to guide Egypt's digital banking shift, supporting both financial inclusion and the country's broader digital economy strategy. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Yahoo
a day ago
- Business
- Yahoo
Misr Digital Innovation secures approval for Egypt's first fully digital bank
Banque Misr's Misr Digital Innovation has received the green light from the Central Bank of Egypt (CBE) to transition into onebank, marking the establishment of the country's first fully digital bank. The launch of onebank's products and services is anticipated in 2026. The bank will deliver all services exclusively through digital channels, reported Daily News Egypt. Misr Digital Innovation managing director and CEO Sherif El-Behiry 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 reflects a clear strategy to build a modern digital economy. The bank plans to provide secure, user-friendly, and technology-driven banking services that are accessible at any time and from any location, without the need for physical branches. To lead this transformation, 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.' "Misr Digital Innovation secures approval for Egypt's first fully digital bank" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Zawya
a day ago
- Business
- Zawya
Misr Digital Innovation gains Central Bank approval to transition into ‘onebank'
Egypt - 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 divs 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.'
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.'
