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NBK-Egypt Announces Successful Go-Live of MDSap’s - SAP Corporate Banking Solution

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  • Amr ElAlfy, Chief Business Officer, NBK-Egypt: “NBK-Egypt proudly announces the launching of its digital corporate services to its businesses, to digitally manage cash flow, as part of their day to day operation.”
  • Tony Achkar, Group Managing Director & EVP, MDSap: “MDSap took upon itself paving the way, in partnership with NBK Egypt, to successfully implement the first drop of corporate digital services.”

NBK-Egypt has successfully launched SAP Corporate Banking Solution, in partnership with MDSap, an expert in SAP’s omnichannel banking solutions, renowned for its solid proven experience in banking consultancy and implementation. This revolutionary technology reinforces the bank endeavors to digitalize corporate business online operations and build lasting customer relationships to win in the Digital Economy.

Amr ElAlfy, Chief Business Officer, NBK-Egypt: “NBK-Egypt proudly announces the launching of its digital corporate services to its businesses, optimizing our online banking experience and meeting all our customers’ unique needs. Powered by SAP Omnichannel Digital Business, an extendable distinct banking platform, NBK-Egypt enables small business and large companies to check balances, make online payments, transfer money between accounts, have better cash positioning and forecasting along with instant trade facilities and approvals. Our ultimate goal is helping businesses to digitally manage cash flow, as part of their day to day operation.

He added: “Aligning with NBK-Egypt’s strategy to invest in IT Solutions providing cutting-edge services to the customers, we joined forces with MDSap, leveraging on its witnessed experience in implementing SAP Omnichannel Banking. Also, MDSap has a proven record with NBK Group, implementing the solution, delivering great services support and providing customers a unified view of their accounts.”

Tony Achkar, Group Managing Director & EVP, MDSap: “MDSap took upon itself paving the way, in partnership with NBK Egypt, to successfully implement the first drop of corporate digital services, leveraging SAP Omnichannel Digital Business platform capabilities to serve the bank’s customers. Our service empowers NBK-Egypt to intelligently engage with customers, delivering its innovative products, services, and offers across all channels.”

He added: “MDSap, a gold partner of SAP, is known for its solid mix blend in consultancy and services implementation of various SAP solution. The company has an exceptional SAP solution skills and knowledge in different industries, positioning it in the lead of technology sector for over 25 years.

About MDSap

MDSap, a gold partner of SAP and expert in SAP’s Banking solutions, has over 25 years of in-depth experiences helping customers manage, integrate, analyse and mobilize Business Mission Critical Data across the enterprise. The company has exceptional track record providing Turnkey IT Solutions across Middle East, Turkey & Central Eastern Europe to over 400 Enterprise customers and government entities. MDSap is part of the Midis Group and is a member of EPM International and we currently operate ten offices across the Middle East, Turkey as well as Central Eastern Europe.

About National Bank of Kuwait (NBK):

NBK-Egypt has a network of 53 branches situated in strategic locations within the various Egyptian governorates and cities including Cairo, Giza, Alexandria, Delta, Sinai, and the Red Sea, Upper Egypt as well as in industrial areas such as 6th of October and 10th of Ramadan cities.

The bank is also privileged to be among the elite banks within the Egyptian market that hold an Islamic banking license in addition to its conventional licensing. In addition to a wide network of ATMs spread across the country to service the bank’s customers around the clock.

NBK was founded in 1952 as the first indigenous bank and the first joint-stock company in Kuwait and the Gulf Region. The bank is the largest financial institution in Kuwait with effective market dominance in the commercial banking market and has been consistently awarded the highest credit rating of all banks in the region from Moody's (Aa3), Standard & Poor's (AA-), and Fitch Ratings (A). The bank’s ratings are supported by its strong financial indicators, asset quality, high capitalization in addition to its highly recognized and very stable management team, as well as its clear strategic vision and stable funding base.

NBK was also named among Global Finance's list of the 50 safest banks in the world for the fourteenth consecutive time.

NBK enjoys the widest banking presence with a local and international network exceeding over 150 branches and subsidiaries in 15 countries. NBK’s international presence spans many of the world’s leading financial centers including the USA, China, Switzerland, England, France, Singapore, in addition to its regional presence apart from Egypt in Lebanon, Jordan, Bahrain, Saudi Arabia, Iraq, Turkey as well as the UAE.

Topics: News

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