back Back

Banque Misr in Egypt automates trade finance with Finastra

By Edlyn Cardoza

April 13, 2022

  • Banque Misr
  • DataGear
  • Egypt

Finastra, Banque Misr, National Bank, Fusion Trade Innovation, Fusion Corporate Channels, Trade Finance Services, DataGear, Financial Solutions, EgyptFinastra today announced that Banque Misr, the second largest national bank in Egypt with an international presence, has selected Fusion Trade Innovation and Fusion Corporate Channels to digitalise its trade finance services and provide a premium user experience.

Banque Misr also selected Finastra’s partner, DataGear – a service provider for banking and financial services in Egypt – to implement Finastra’s solutions.

Sayonara El Asmar, Banque Misr COO, said, “As part of Banque Misr’s digital transformation strategy, the bank is continuously optimising different processes and offering diversified digital services to provide convenience and enhance service quality for our clients. With Finastra’s solutions, the bank will streamline core processes related to trade finance activities and transform our legacy systems to provide our corporate customers with an end-to-end digital experience. We look forward to the sustained growth of our corporate business relations and offering in collaboration with Finastra, to enhance the quality of our corporate services and achieve customer satisfaction.”

Ahmed Essam, Head of Corporate Operations at Banque Misr, said, “We selected Finastra due to the efficiency of its solutions and the team’s commitment to our business. Its open development platform,, also gives us the opportunity to tap into a broader network of services. For us, Finastra is not just a company that sells software. Finastra is a valuable partner that is dedicated to our success.”

Kamal El Khoury, Regional Sales Director at Finastra, said, “Our corporate banking solutions will help Banque Misr reduce human errors, unlock data analytics and comply with regulations at a reduced cost. Its corporate customers will benefit from a simplified self-service platform, where they can create real-time alerts using a common calendar, a personalised dashboard and utilise workflow tools – all while boosting security.”

Ahmed Diab, Country Manager – Egypt at Finastra, said, “Banque Misr is one of the leading national banks in Egypt, with a big market share of trade finance business in the region. Our competitive solutions will support its continued growth, by increasing customer retention and attracting new corporates through a sophisticated offering. We are delighted to be a long-term partner that is supporting Banque Misr’s ongoing success.”

Previous Article

April 13, 2022

TransUnion selects Provenir to deliver AI-powered risk decisioning to clients

Read More
Next Article

April 13, 2022

Stenn completes a $50m equity funding round with a valuation of $900m

Read More

IBSi Daily News Analysis

May 28, 2024

Banque Misr

Latin America becomes a hotbed for FinTech unicorns and tech innovation

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


UAE banks see strong start to 2024: credit outlay and deposits increase

Read More

May 27, 2024

The Monday Roundup: what we are watching this week | May 27th

Read More

May 24, 2024

The Weekly Wrap: all you need to know by Friday COB | May 24th

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023