Latest news with #MohamedKorayem
See - Sada Elbalad
7 days ago
- Business
- See - Sada Elbalad
New Partnership Btw «iscore» and «Synapse Analytics» to Launch an Advanced Digital Platform
Nada Mustafa The Egyptian Credit Bureau 'iscore' and Synapse Analytics, a leading provider of AI-powered risk decisioning solutions, have announced a strategic partnership designed to equip financial institutions with an advanced platform for automating and enhancing credit decisioning. The partnership also provides access to cutting-edge technology tools that enable faster, more accurate and data driven lending decisions setting a new benchmark for efficiency and precision in the Egyptian financial sector. This collaboration enables banks and non-banking financial institutions to build, test, and deploy advanced credit scoring models that leverage both traditional credit report data and alternative data sources. As a result, the institutions can operate more efficiently and automate the credit approval process—shifting from data to decision in mere seconds unlocking the ability to expand their customer base and accelerate financial inclusion across the market. Credit decisions are then made through a single, intelligent, and secure platform, supported by real-time alerts that enhance collection process and effective customer performance monitoring. This proactive approach allows institutions to accept more customers based on reliable data-driven decisions, helping reduce risk and expand financial services to new customer segments. Mohamed Korayem, CEO of iscore, stated: 'This partnership reflects iscore commitment to driving innovation in financial technology and delivering cutting-edge digital solutions to the financial sector in Egypt, in line with global best practices. It will help financial institutions enhance efficiency and effectiveness, improving citizens' access to credit services and contributing to the Central Bank of Egypt and the Egyptian Financial Regulatory Authority vision for financial inclusion.' Eng. Ahmed Abaza, Co-founder and CEO of Synapse Analytics, added: 'We're proud to partner with iscore, a pivotal company in Egypt financial data infrastructure, supporting risk assessment and credit monitoring for individuals , micro, small, and medium enterprises as well as monitoring customers' performance in fulfilling their credit obligations. This partnership marks a turning point in how credit decisions are made and represents a key step toward a new era of smart financing. It also reflects how modern technology can reshape credit policies, advance financial inclusion, and transform the way the financial sector operates in Egypt.' Synapse Analytics is a leading provider of AI solutions, offering platforms that help institutions make faster, clearer, and more accurate credit decisions. Their integrated analytics platform enables institutions to automate and continuously improve credit policies, enhance risk assessment methods, and make decisions based on real-time data and insights. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid 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 Arts & Culture Lebanese Media: Fayrouz Collapses after Death of Ziad Rahbani
Zawya
28-05-2025
- Business
- Zawya
iscore, Modefinance International to launch MSME grading system in Egypt
The Egyptian Credit Bureau, iscore, and Modefinance International, a global provider of AI-driven credit rating solutions, have announced a strategic collaboration to launch a smart grading system for micro, small, and medium-sized enterprises (MSMEs) in Egypt. The partnership agreement aims to develop and implement a new system tailored for the Egyptian market. It was signed on behalf of iscore by Mohamed Korayem, CEO and Managing Director, and for Modefinance International by Cristian Giacomini, CEO of Modefinance International. The signing ceremony was attended by Sayonara El Asmar, Deputy CEO and Managing Director of iscore, and Mohamed ElAshmawy, Scoring & Advisory Services Director of iscore. Also present were Gianfranco Sanseverino, Deputy CEO of Modefinance International, and Mattia Ciprian and Valentino Pediroda, Co-CEOs of Modefinance. This collaboration is intended to advance financial inclusion and support the sustainable growth of MSMEs in Egypt. Korayem, CEO and Managing Director of iscore, commented: 'We are proud to partner with Modefinance International to introduce a smart, AI-powered MSMEs Grading System that will serve as a game-changer for the Egyptian financial sector. This collaboration reflects our commitment to driving financial inclusion and empowering micro, small, and medium-sized enterprises with reliable, data-driven tools that enhance their access to finance. By combining iscore deep local market expertise with Modefinance advanced technology, MSMEs & credit risk rating strong proficiency along with management solutions, we are laying the groundwork for a more transparent, efficient, and inclusive credit ecosystem—one that supports Egypt national vision for sustainable economic growth.' Giacomini, Modefinance International CEO, commented: 'The partnership with iscore further consolidates Modefinance International's role in Egypt, the North African region, and the entire GCC area, where we established a solid expertise. The Egyptian market is a particularly strategic business area as it is characterized by a widespread presence of micro, small and medium-sized enterprises. As a result, there is a high focus on the issue of financial inclusion and the need to benefit from advanced credit assessment systems, such as the solutions we have developed. Together with iscore, we aim at contributing to the growth of the country's industry by facilitating local MSMEs to access credit.' The core focus of the collaboration is the implementation of a newly developed MSME grading system, powered by Tigran, Modefinance's proprietary credit risk assessment tool. Tigran applies AI-driven models and big data analytics to evaluate the creditworthiness of MSMEs based on their financial performance, management experience, and macroeconomic factors, aiming to enhance transparency and efficiency across the lending ecosystem. Through this partnership, iscore expects to offer more accurate and efficient credit rating services, reinforcing efforts to expand financial inclusion and promote sustainability in the financial sector. The strategic partnership aims to foster a sustainable and inclusive financial ecosystem by reinforcing iscore's role as a key supporter for credit decision-making for MSMEs. This aligns with Egypt's national priorities to strengthen the SME sector, which accounted for 98% of the private sector, employed over 47 million people, and contributed approximately 43% to the national GDP in FY2023–2024. Additionally, the agreement will support the introduction of data-driven credit rating tools that are flexible and suited to local market dynamics, helping to expand financing opportunities and enable better decision-making for financial institutions. This collaboration reflects iscore's ongoing commitment to advancing its strategy of developing modern and effective credit assessment tools to mitigate risk within the MSME sector, which plays a critical role in Egypt's economy. The partnership is viewed as a significant step forward in unlocking opportunities for growth, supporting economic development, and enabling smarter credit decisions across the SME landscape. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Daily News Egypt
28-05-2025
- Business
- Daily News Egypt
iscore, Modefinance International to launch MSME grading system in Egypt
The Egyptian Credit Bureau, iscore, and Modefinance International, a global provider of AI-driven credit rating solutions, have announced a strategic collaboration to launch a smart grading system for micro, small, and medium-sized enterprises (MSMEs) in Egypt. The partnership agreement aims to develop and implement a new system tailored for the Egyptian market. It was signed on behalf of iscore by Mohamed Korayem, CEO and Managing Director, and for Modefinance International by Cristian Giacomini, CEO of Modefinance International. The signing ceremony was attended by Sayonara El Asmar, Deputy CEO and Managing Director of iscore, and Mohamed ElAshmawy, Scoring & Advisory Services Director of iscore. Also present were Gianfranco Sanseverino, Deputy CEO of Modefinance International, and Mattia Ciprian and Valentino Pediroda, Co-CEOs of Modefinance. This collaboration is intended to advance financial inclusion and support the sustainable growth of MSMEs in Egypt. Korayem, CEO and Managing Director of iscore, commented: 'We are proud to partner with Modefinance International to introduce a smart, AI-powered MSMEs Grading System that will serve as a game-changer for the Egyptian financial sector. This collaboration reflects our commitment to driving financial inclusion and empowering micro, small, and medium-sized enterprises with reliable, data-driven tools that enhance their access to finance. By combining iscore deep local market expertise with Modefinance advanced technology, MSMEs & credit risk rating strong proficiency along with management solutions, we are laying the groundwork for a more transparent, efficient, and inclusive credit ecosystem—one that supports Egypt national vision for sustainable economic growth.' Giacomini, Modefinance International CEO, commented: 'The partnership with iscore further consolidates Modefinance International's role in Egypt, the North African region, and the entire GCC area, where we established a solid expertise. The Egyptian market is a particularly strategic business area as it is characterized by a widespread presence of micro, small and medium-sized enterprises. As a result, there is a high focus on the issue of financial inclusion and the need to benefit from advanced credit assessment systems, such as the solutions we have developed. Together with iscore, we aim at contributing to the growth of the country's industry by facilitating local MSMEs to access credit.' The core focus of the collaboration is the implementation of a newly developed MSME grading system, powered by Tigran, Modefinance's proprietary credit risk assessment tool. Tigran applies AI-driven models and big data analytics to evaluate the creditworthiness of MSMEs based on their financial performance, management experience, and macroeconomic factors, aiming to enhance transparency and efficiency across the lending ecosystem. Through this partnership, iscore expects to offer more accurate and efficient credit rating services, reinforcing efforts to expand financial inclusion and promote sustainability in the financial sector. The strategic partnership aims to foster a sustainable and inclusive financial ecosystem by reinforcing iscore's role as a key supporter for credit decision-making for MSMEs. This aligns with Egypt's national priorities to strengthen the SME sector, which accounted for 98% of the private sector, employed over 47 million people, and contributed approximately 43% to the national GDP in FY2023–2024. Additionally, the agreement will support the introduction of data-driven credit rating tools that are flexible and suited to local market dynamics, helping to expand financing opportunities and enable better decision-making for financial institutions. This collaboration reflects iscore's ongoing commitment to advancing its strategy of developing modern and effective credit assessment tools to mitigate risk within the MSME sector, which plays a critical role in Egypt's economy. The partnership is viewed as a significant step forward in unlocking opportunities for growth, supporting economic development, and enabling smarter credit decisions across the SME landscape.
See - Sada Elbalad
27-05-2025
- Business
- See - Sada Elbalad
Iscore, Modefinance International Announce their Strategic Collaboration to Launch Smart MSMEs Grading System in Egypt
Nada Mustafa The Egyptian Credit Bureau, iscore, is pleased to sign an impactful partnership agreement with Modefinance International, a global provider of AI-driven credit rating solutions, to develop and implement a new smart MSMEs Grading System tailored for the Egyptian market. The agreement was signed on behalf of the Egyptian Credit Bureau, iscore, by Mr. Mohamed Korayem, CEO and Managing Director, and on behalf of Modefinance International by Mr. Cristian Giacomini, CEO of Modefinance International. The signing ceremony was attended by Eng. Sayonara El Asmar, Deputy CEO and Managing Director of iscore and Mr. Mohamed ElAshmawy, Scoring & Advisory Services Director of iscore alongside: Mr. Gianfranco Sanseverino, Deputy CEO of Modefinance International Mr. Mattia Ciprian and Mr. Valentino Pediroda, Co-CEOs of Modefinance This partnership marks a significant milestone in advancing financial inclusion and supporting the sustainable growth of micro, small, and medium-sized enterprises (MSMEs) in Egypt. Mohamed Korayem, CEO and Managing Director of iscore, commented: "We are proud to partner with Modefinance International to introduce a smart, AI-powered MSMEs Grading System that will serve as a game-changer for the Egyptian financial sector. This collaboration reflects our commitment to driving financial inclusion and empowering micro, small, and medium-sized enterprises with reliable, data-driven tools that enhance their access to finance. By combining iscore deep local market expertise with Modefinance advanced technology, MSMEs & credit risk rating strong proficiency along with management solutions, we are laying the groundwork for a more transparent, efficient, and inclusive credit ecosystem—one that supports Egypt national vision for sustainable economic growth." Cristian Giacomini, Modefinance International CEO, commented: 'The partnership with iscore further consolidates Modefinance International's role in Egypt, the North African region, and the entire GCC area, where we established a solid expertise. The Egyptian market is a particularly strategic business area as it is characterized by a widespread presence of micro, small and medium-sized enterprises. As a result, there is a high focus on the issue of financial inclusion and the need to benefit from advanced credit assessment systems, such as the solutions we have developed. Together with iscore, we aim at contributing to the growth of the country's industry by facilitating local MSMEs to access credit." The core focus of the collaboration is implementing a newly developed MSMEs Grading system, powered by Tigran, Modefinance proprietary credit risk assessment tool. Tigran applies AI-driven models and big data analytics to precisely evaluate the creditworthiness of MSMEs based on their financial performance, management experience, and macroeconomic factors to enhance transparency and efficiency across the lending ecosystem. Leveraging this partnership, iscore will be able to offer more accurate and efficient credit rating services, reinforcing efforts to expand financial inclusion and promote sustainability in the financial sector. Through this strategic partnership, we foster a sustainable and inclusive financial ecosystem by reinforcing iscore role as a key supporter for credit decision-making for MSMEs…This aligns with Egypt national priorities to strengthen the SME sector, which accounts for 98% of the private sector, employs over 47 million people, and contributes approximately 43% to the national GDP in FY2023–2024. Additionally, the agreement will support the introduction of cutting-edge, data-driven credit rating tools that are flexible and well-suited to local market dynamics, helping expand financing opportunities and enabling better decision-making for financial institutions. Modefinance is a pioneering fintech rating agency, established in 2009, known for utilizing artificial intelligence and big data analytics to deliver advanced credit risk management solutions. It serves as the parent company of Modefinance International—led by CEO Mr. Cristian Giacomini—which was founded in 2021 to expand the group's global presence. According to latest 2024 ESMA Market Share report, Modefinance is in the top 10 as market share among CRAs registered in EU. This collaboration reflects iscore ongoing commitment to advancing its strategy of developing modern and effective credit assessment tools to mitigate risk within the vital MSME sector, which plays a critical role in Egypt economy. This partnership is a significant step forward in unlocking opportunities for growth, supporting economic development, and enabling smarter credit decisions across the SME landscape. Modefinance International is the global arm of Modefinance, established in 2021 to expand the company's fintech solutions beyond Europe. Specializing in credit risk assessment and financial process automation, Modefinance International focuses on serving markets in the GCC Area -Middle East, Africa, and Asia. By leveraging Modefinance expertise and own technologies -like the MORE® credit scoring, proprietary models and services such as the Tigran Risk Platform- the company provides AI-driven tools to credit bureaus, banks, financial institutions, and enterprises. These solutions enable clients and partners to evaluate over 300 million companies and more than 65,000 banks worldwide, facilitating banks' informed decision-making and SMEs' financial inclusion. Iscore, Modefinance International Announce their Strategic Collaboration to Launch Smart MSMEs Grading System in Egypt Iscore, Modefinance International Announce their Strategic Collaboration to Launch Smart MSMEs Grading System in Egypt 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 News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies
Zawya
27-05-2025
- Business
- Zawya
Iscore and Modefinance International announce their strategic collaboration
The Egyptian Credit Bureau, iscore, is pleased to sign an impactful partnership agreement with Modefinance International, a global provider of AI-driven credit rating solutions, to develop and implement a new smart MSMEs Grading System tailored for the Egyptian market. The agreement was signed on behalf of the Egyptian Credit Bureau, iscore, by Mr. Mohamed Korayem, CEO and Managing Director, and on behalf of Modefinance International by Mr. Cristian Giacomini, CEO of Modefinance International. The signing ceremony was attended by Eng. Sayonara El Asmar, Deputy CEO and Managing Director of iscore and Mr. Mohamed ElAshmawy, Scoring & Advisory Services Director of iscore alongside: Mr. Gianfranco Sanseverino, Deputy CEO of Modefinance International Mr. Mattia Ciprian and Mr. Valentino Pediroda, Co-CEOs of Modefinance This partnership marks a significant milestone in advancing financial inclusion and supporting the sustainable growth of micro, small, and medium-sized enterprises (MSMEs) in Egypt. Mohamed Korayem, CEO and Managing Director of iscore, commented: "We are proud to partner with Modefinance International to introduce a smart, AI-powered MSMEs Grading System that will serve as a game-changer for the Egyptian financial sector. This collaboration reflects our commitment to driving financial inclusion and empowering micro, small, and medium-sized enterprises with reliable, data-driven tools that enhance their access to finance. By combining iscore deep local market expertise with Modefinance advanced technology, MSMEs & credit risk rating strong proficiency along with management solutions, we are laying the groundwork for a more transparent, efficient, and inclusive credit ecosystem—one that supports Egypt national vision for sustainable economic growth." Cristian Giacomini, Modefinance International CEO, commented: ' The partnership with iscore further consolidates Modefinance International's role in Egypt, the North African region, and the entire GCC area, where we established a solid expertise. The Egyptian market is a particularly strategic business area as it is characterized by a widespread presence of micro, small and medium-sized enterprises. As a result, there is a high focus on the issue of financial inclusion and the need to benefit from advanced credit assessment systems, such as the solutions we have developed. Together with iscore, we aim at contributing to the growth of the country's industry by facilitating local MSMEs to access credit." The core focus of the collaboration is implementing a newly developed MSMEs Grading system, powered by Tigran, Modefinance proprietary credit risk assessment tool. Tigran applies AI-driven models and big data analytics to precisely evaluate the creditworthiness of MSMEs based on their financial performance, management experience, and macroeconomic factors to enhance transparency and efficiency across the lending ecosystem. Leveraging this partnership, iscore will be able to offer more accurate and efficient credit rating services, reinforcing efforts to expand financial inclusion and promote sustainability in the financial sector. Through this strategic partnership, we foster a sustainable and inclusive financial ecosystem by reinforcing iscore role as a key supporter for credit decision-making for MSMEs…This aligns with Egypt national priorities to strengthen the SME sector, which accounts for 98% of the private sector, employs over 47 million people, and contributes approximately 43% to the national GDP in FY2023–2024. Additionally, the agreement will support the introduction of cutting-edge, data-driven credit rating tools that are flexible and well-suited to local market dynamics, helping expand financing opportunities and enabling better decision-making for financial institutions. Modefinance is a pioneering fintech rating agency, established in 2009, known for utilizing artificial intelligence and big data analytics to deliver advanced credit risk management solutions. It serves as the parent company of Modefinance International—led by CEO Mr. Cristian Giacomini—which was founded in 2021 to expand the group's global presence. According to latest 2024 ESMA Market Share report, Modefinance is in the top 10 as market share among CRAs registered in EU. This collaboration reflects iscore ongoing commitment to advancing its strategy of developing modern and effective credit assessment tools to mitigate risk within the vital MSME sector, which plays a critical role in Egypt economy. This partnership is a significant step forward in unlocking opportunities for growth, supporting economic development, and enabling smarter credit decisions across the SME landscape. About: The Egyptian Credit Bureau, iscore, was established in 2005 as a joint stock company with the participation of 25 banks and Egypt Micro, Small, and Medium Enterprise Development Agency. iscore plays a pivotal role in supporting Egypt Vision 2030, promoting financial inclusion, and enabling the integration of financial services across sectors. Leveraging advanced technologies and innovative data solutions, iscore empowers financial institutions to make more informed credit decisions, streamline operations, and improve risk assessment. Its comprehensive credit database covers both individuals and MSMEs and is enriched by formal integrations with government entities through the G2G gateway. With a strategy that evolves in response to the changing needs of Egypt financial landscape, iscore remains at the forefront of digital transformation in the financial sector. Modefinance International is the global arm of Modefinance, established in 2021 to expand the company's fintech solutions beyond Europe. Specializing in credit risk assessment and financial process automation, Modefinance International focuses on serving markets in the GCC Area -Middle East, Africa, and Asia. By leveraging Modefinance expertise and own technologies -like the MORE® credit scoring, proprietary models and services such as the Tigran Risk Platform- the company provides AI-driven tools to credit bureaus, banks, financial institutions, and enterprises. These solutions enable clients and partners to evaluate over 300 million companies and more than 65,000 banks worldwide, facilitating banks' informed decision-making and SMEs' financial inclusion.
