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GICs enable banks to stay competitive in fast-paced world: Mashreq’s MGN Egypt Head

GICs, also known as Global Capability Centers, are specialized entities established by companies in various locations around the world.
10.07.23 | Source: Daily News Egypt



As the banking sector in Egypt witnesses a rapid digital transformation, Daily News Egypt conducted an interview with Ahmed El-Sherif, Head of Mashreq Global Network (MGN) – Egypt, the innovation-led global excellence arm driving growth for Mashreq Group. The conversation focused on the Global Innovation Centers (GICs) and their expected impact on the banking sector. El-Sherif also discussed the role of MGN in supporting the expansion and operations of the regional financial leader, Mashreq, as well as the impact of the current digital transformation on the banking operations and job market. 





In addition, we’ve tackled other pressing topics including the remote distributed workforce and the importance of adopting flexible work models to increase the productivity and diversity of GICs teams. 


GIC is a new concept in the Egyptian banking sector, what does it mean? How do in-house GIC models differ from outsourced models? 


GICs, also known as Global Capability Centers, are specialized entities established by companies in various locations around the world to drive innovation, develop new technologies, and provide specific operational support – the objective is to enable companies to stay competitive in a rapidly evolving industry. 



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