Mohamed Farag, chief digital officer at CIB Egypt, said that the cooperation between the bank, AUC’s Venture Lab, and the Temenos Group contributes to the launch of innovative technological products for banking services that will help achieve financial inclusion. Farag believes that the Temenos Group launch of the Marketplace platform for innovative ideas and fintech companies, will enable start-ups that provide innovative financial services to banks, will help banks to launch new products. Marketplace aims to enable start-ups link their products and services to the banks’ technological systems. This came during the conference held to announce the new cooperation between the AUC Venture Lab, the Temenos Group, and the CIB. This alliance was strengthened in the Meet the Marketplace event held at the American University in Cairo.

Source: Daily News Egypt October 25, 2018 12:56 UTC