Menu Close

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

MDSap__NBK_Egypt

  • 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.

The COVID-19 pandemic spurred a rapid increase in the need for advanced technology, and Incorta’s presence in the Middle East is expected to grow by more than 100% this year – a market valued at $11 billion in 2020 and expected to reach $28 billion by 2026. The partnership will help replace outdated, legacy solutions, bringing modern data analytics to new and existing customers at unprecedented speed and scale.

“We’re thrilled to partner with Incorta to bring their state-of-the-art data analytics solution to our enterprise customers,” said Tony Achkar, group managing director of MDSap. “As the Middle East, Turkey and Eastern Europe regions continue to experience rapid digitization, our customers need a modern solution to help them keep up with today’s pace of business. Incorta is allowing them to analyze their data at a level of speed and scale they’ve never seen before.”

As SAP’s gold partner, MDSap leverages SAP technology and other solution providers to help businesses run smoothly and efficiently. Making smart, data-informed decisions is a key part of operating a business, as MDSap customers require the ability to quickly analyze, ingest and then act on their data in order to gain crucial insights about their business. Incorta’s Direct Data Platform will enable users to analyze massive sets of data at lightning speed, allowing them to maximize the full value of their data.

“The Middle East presents exciting opportunities for digital transformation and growth, especially in the data analytics market,” said Incorta CEO Scott Jones. “We are proud to be partnering with MDSap to help more companies in the region innovate and thrive with tools for making the most of their business data.”

The Incorta and MDSap integration is available now.

For more information, visit https://www.incorta.com/partners/mdsap.

About Incorta

Incorta is the only unified data analytics platform powered by Direct Data Mapping™. Purpose-built to help companies stay ahead of the accelerating rate, volume, and complexity of modern enterprise data, the platform delivers unmatched speed and visibility. Incorta is built with open standards and integrates with cloud-friendly tools and platforms, making it easy to consolidate data in the cloud and extract meaningful insights. By making any data source continuously available for analytics, the platform helps business leaders, business teams, and data scientists make more accurate, timely and transparent decisions with faster access to richer data sets. Backed by GV (formerly Google Ventures), Kleiner Perkins, M12 (formerly Microsoft Ventures), Telstra Ventures and Sorenson Capital, Incorta powers analytics for some of the most valuable brands in the world, including Broadcom, Credit Suisse and Shutterfly. To learn more and try it for yourself, visit www.incorta.com.

About Midis Group

With more than 5,000 professionals, representing the top 100 global IT vendors, and a solid 50-year track record of performance and reliability, the Midis Group is an international organization of over 170 companies across Europe, the Middle East & Africa.

The group is known for its advanced offering of managed IT services and consultancy, system integration, cloud and data center capabilities and infrastructure, software and hardware solutions, as well as technology distribution and retail. It was named in 2006 as one of the World Economic Forum’s initial 100 Global Growth Companies. The group focuses on providing the best in services, with integrity, to vendors, partners, and customers across the destinations it serves. For more information, visit: www.midisgroup.com.

About Midis Group

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 an 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.

For more information, visit https://www.mdsaptech.com/en/

Leave a Reply

Your email address will not be published.

Topics: News

ENQUIRE NOW