8 reasons to participate in Cairo ICT

11/01/2021

Ashraf El Kady - President of the United Bank
8 reasons to participate in the Exhibition and the Conference of Cairo ICT

•    The era of big data and artificial intelligence puts innovative applications for wealth management and its investment.
•    Banks led by the Central Bank are the back bone of the digital transformation.
•    Egypt ranks the 55th position  in terms of government readiness for artificial intelligence applications


Cairo: November 22, 2020

Ashraf El Kady - President of the United Bank identified 8 main reasons for the United Bank to participate in the annual Cairo ICT Exhibition and Conference, which is held under the title "What comes after the digital transformation?" It will be inaugurated by the President of the Republic, the Central Bank of Egypt and a number of ministries, with the participation of technology companies operating financial institutions and transport and trade technology companies.

The first reason: The high quality of the United Bank’s infrastructure of is supports the current and the future digital transformation mechanisms.

The world is entering the era of big data and artificial intelligence. Hence, there is a new generation of innovations on all political, economic and social levels, especially in terms of financial solutions, banking and investment transactions.

We are contemporary with the use of smart phones and digital wallets, but the world is developing at a breakneck speed towards more financial solutions and systems for electronic payment as well as financial mediation and wealth management, whether through direct investments or private funds, as well as the possibility of obtaining funds and calculating the immediate and permanent creditworthiness.
 
Ashraf El Kady expressed that the United Bank made huge investments for the rehabilitation and the quality of infrastructure over the past four years by entering into partnerships and alliances with Egyptian and international companies specialized in banking and digital financial solutions. It was able to implement all development and modernization processes to qualify the United Bank to be among the ten major banks providing this type of services and electronic financial solutions in the market.

The United Bank provides various means for banking transactions and electronic payment through many smart applications, including: mobile banking, internet, and the digital wallet. It also provides solutions for companies, including: cash