التكنولوجيا وأخبارها بوابة مصر لأخبار تكنولوجيا المعلومات والإتصالات
In light of encouraging bankers to present and develop their visions and ideas in the financial and banking sector, the Egyptian Banking Institute proudly announces the launch of a new competition under the name “Innovation Competition”.
The competition was designed to cope with the changing dynamics within the banking sector influenced by digitization and Fintech technologies.
The competition aims to search for the most innovative solutions to the biggest challenges and major concerns facing the financial sector, and driving the future of banking through fostering innovation.
The competition is divided into three categories: Fintech for Future Banking that embraces a project idea, or application which has the potential to give a push to the financial industry in the next ten years in addition to encouraging the usage of new digital technologies.
the second category is Fintech for individuals, which aims to present a project idea or application that will have a major impact on the financial life of individuals,
in addition to encouraging people to develop innovative tools to achieve financial inclusion goals to help groups excluded from the formal financial sector.
Finally, the third category is Fintech for Business; a project idea or application that has the most potential to help small and medium enterprises to become more efficient, effective and safe.
Additionally, encouraging the support of SME’s and sustainable finance.
Mr. Abdel Aziz Nossier, Executive Director of the Egyptian Banking Institute stated: “The Egyptian Banking Institute launched this competition to give the contestants an opportunity to present their innovative projects and ideas.
In order to develop the work system within the Egyptian banking sector”, adding that the ideas and projects of the participants will be presented to a jury composed of a distinguished group of experts working in the banking field,
to select the best project in each of the competition categories, standing to win a cash prize of 15 thousand Egyptian pounds.
Winners additionally receive a certificate of appreciation from the institute, and the best project will be published on EBI’s new website Al-Masrafeyoun.
Mr. Nossier added that the EBI is always keen to launch a set of initiatives and competitions aimed at spreading awareness and achieving the greatest possible benefit for everyone in the banking sector,
stressing that the management of the banking institute fully believes in the capabilities,
ideas and projects of young people and always strives to implement and develop them.
Mr. Nossier highlighted that the Egyptian Banking Institute has succeeded in launching a number of initiatives,
competitions and programs over the years, such as the Training for Development Program to qualify university students with special abilities to work in the banking sector.
It is worth mentioning that this competition comes within the framework of developing the annual research competition that EBI had previously launched back in 2010.
