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Egyptian Banking Institute launches Innovation 2021 competition

Tuesday, 03 30 2021, Category: Banking, Country: Egypt
The Egyptian Banking Institute (EBI) has launched this year’s Innovation Competition, to encourage the banking sector’s adaptation to the changing dynamics brought on by digitisation and financial technologies (fintech).

The competition aims to encourage bankers to present and develop their visions and ideas in the financial and banking sector. It also looks to search for the most innovative solutions to the biggest challenges and major concerns facing the financial sector, whilst driving the future of banking through fostering innovation.

The competition is divided into three categories, the first of which covers the Fintech for Future Banking category.

This embraces a project idea or an application which has the potential to give a push to the financial industry in the next 10 years, whilst encouraging the usage of new digital technologies.

The second category is Fintech for individuals, which aims to present a project idea or application that will have a major impact on the financial life of individuals. This is in addition to encouraging people to develop innovative tools to achieve financial inclusion goals, which will help groups excluded from the formal financial sector.

Source: Daily News Egypt
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