Misr Digital Innovation signs an MoU with Dell Technologies

Misr Digital Innovation (MDI), a subsidiary of Banque Misr, has marked a Memorandum of Understanding (MoU) with Dell Technologies to explore ways MDI can improve its technology capabilities to improve customer experience. The talks with Dell Technologies aim to allow MDI to adopt cutting-edge, dependable, secure, and adaptive solutions that would power Egypt’s digital connectivity and infrastructure.

“At MDI, innovation is at the heart of everything we do. We live in an era where technology is rapidly evolving both our capabilities and in turn, our demand. It is therefore imperative for us to be agile and respond to the needs and wants of our customers quickly and efficiently,” said Sherif Elbehery, CEO, Misr Digital Innovation.

He added, “We are delighted to collaborate with Dell Technologies on our ongoing digital journey. Dell has long been a leader and pioneer in IT, and we look forward to combining their knowledge and insights with that of our own financial expertise. Together, we will explore ways to harness the most exciting technologies to make the future of digital banking operations and services safer, more efficient, and more sustainable.”

“Digital transformation is rapidly changing the banking sector in the region; and with the right IT infrastructure, banks can become more productive, efficient, and agile than ever before. They will also be able to provide more value-added services for their customers, and an improved experience overall. At Dell Technologies, we’re constantly exploring routes to help our customers become digital enterprises of the future; and we are looking forward to working closely with MDI as they advance their digital roadmap.” said Tarek Heiba, General Manager, Egypt and Libya at Dell Technologies.

During the opening ceremony of Cairo ICT 2021, Sherif Elbehery, CEO of Misr Digital Innovation, and Tarek Heiba, General Manager, Egypt, and Libya at Dell Technologies, signed a Memorandum of Understanding. This MoU is part of Banque Misr’s efforts to support Egypt’s digital transformation goals, which are aligned with the “Smart Economy” transformative objective, which is part of Egypt’s Vision 2030 and aspires to build a knowledge-based digital economy.

MDI was founded in 2020 to launch Egypt’s first digital bank. In accordance with the Central Bank of Egypt’s (CBE) norms and regulations, MDI will provide a variety of banking solutions aimed at providing Egyptians with access to the digital economy and driving financial inclusion.