March 31, 2021

Alexbank participates in fintech initiative

ArabFinance: Alexbank took part in FinYoLogy-FinTech for Youth initiative that is organized by FinTech Egypt, an affiliate of the Central Bank of Egypt (CBE), according to a March 30th emailed press release.

The initiative, which is launched in collaboration with the CBE’s Egyptian Banking Institute, aims to support youth and encourage innovation to achieve the sustainable development goals of Egypt’s Vision 2030.

It is designated to discover and support young talents to grow the Egyptian fintech ecosystem by fostering and inspiring the youth and university students of different related majors. This shall help them to conduct fintech projects and innovative solutions.

Alexbank had joined the initiative in its first pilot run in 2020, and continued its participation through the second phase.

The bank entered into a partnership agreement with Startup-bootcamp and Pride Capital in 2019 to help foster a better ecosystem for entrepreneurs to thrive in the fintech space. It sustained the first graduating cohort of 11 Egyptian startups.

A month ago, Alexbank inked a trilateral agrrement with UnionPay International and Network International to enhance digital payment solutions.


Categories : banking

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