SWIFT announces Business Forum Egypt to discuss issues of financial sector

SWIFT will host the first Business Forum Egypt in Cairo on 20 March under the patronage of the Central Bank of Egypt (CBE). The event brings together Tarek Fayed, sub-governor of the CBE, and senior representatives from Cairo’s financial industry to discuss the most significant issues facing the region.

CBE governor Tarek Amer said that the SWIFT Business Forum offers an ideal opportunity to discuss the most important issues faced by Egypt’s financial community in an era of change. “As we continue to reform the banking sector, it is critical to remain an integral part of the global community, supporting compliance with local and international regulatory best practice and driving innovation in our products and services,” he added.

The agenda focuses on the key challenges and opportunities facing Egypt’s financial community. Discussions with leading industry speakers alongside SWIFT experts, regulators, and policymakers will focus on Egypt’s economic outlook, compliance, de-risking, FinTech, innovation, and cyber risk in an interconnected world.

Khaled Moharem, head of Middle East and North Africa at SWIFT, said that there is huge potential for financial sector growth and development in Egypt. He noted that SWIFT is working closely with the CBE to deliver the latest technologies to Egyptian banks and to help them make the most of these opportunities. “This is an ideal time to bring together participants from across the industry for discussion about the topics that really matter to the Egyptian banking and financial community,” he added.