The Egyptian Banking Institute signs an agreement with Egyptian Banks Company

Dr. Abdel Aziz Nossier, Executive Director of the Egyptian Banking Institute (EBI), the official training arm of the Central Bank of Egypt and Eng. Tarek Raouf Fayek, Managing Director and CEO of Egyptian Banks Company (EBC), the advanced payments network and domestic operator connecting consumers, businesses, merchants, and financial institutions, signed a memorandum of understanding to provide specialized training programs for the national payment ecosystem whose services are provided by EBC to offer a seamless interoperable payment experience. The ceremony has been attended by senior officials representing both companies.

The MOU comes in line with the strategic cooperation between EBI and EBC, with the purpose of providing training programs for member banks and financial institutions of the national payment ecosystem, where EBC will contribute specialized and technical material design whilst EBI will offer qualified trainers to conduct these training programs.

In this context, Dr. Nossier expressed his happiness saying; “Our partnership with Egyptian Banks Company is a step forward to support the financial technology sector by qualifying promising young cadres in this sector and supporting innovation in digital banking and financial services to contribute to providing a stimulating environment for the financial technology industry in Egypt.”

Speaking at the signing ceremony, Eng. Tarek Raouf said: “The joint cooperation between Egyptian Banks Company and the Egyptian Banking Institute represents a strategic partnership based on the mutual vision and objectives to support the financial technology sector, and we look forward to contributing to the development of the human capital for the banking sector and electronic payments ecosystem through the integration of technical expertise and the specialized capabilities of the Egyptian Banking Institute in the fields of training and development.”

It is worth mentioning that signing this MOU aligns with EBI’s and EBC’s strategy to develop the electronic payments market and keep abreast of global developments in this field as well as developing the capabilities of its employees. This step is a continuation of the efforts of the EBI to establish fruitful partnerships that will reflect positively on all segments of society.