Abu Dhabi First Bank Egypt has announced the launch of “FABMISR E-Connect,” a new digital platform designed specifically for large enterprises and multinational corporations. This innovative platform demonstrates the bank’s commitment to providing advanced banking solutions that redefine customer experience.

The E-Connect FABMISR platform offers a comprehensive banking experience, enabling companies to monitor and manage all their banking accounts with the bank. It also allows users to view accounts held in other banks within Egypt or abroad through the MT940 service. Additionally, the platform facilitates tracking loan and deposit accounts and provides accurate, real-time account statements at any time, offering complete flexibility in financial management.

In partnership with Mindgate, a global leader in instant payment technology, Abu Dhabi First Bank Egypt provides a seamless digital platform that simplifies financial transactions. By leveraging Mindgate’s expertise in large-scale transaction processing, the platform streamlines operations, allowing customers to manage their transactions efficiently without relying on manual payments or email correspondence.

Mr. Sherif Sabry, Head of Corporate Banking and Commercial Banking at Abu Dhabi First Bank Egypt, stated, “The launch of the E-Connect FABMISR platform represents a qualitative leap that enables our corporate clients to manage their financial resources with unprecedented efficiency and transparency, enhancing their ability to make strategic financial decisions that support their business growth.” He emphasized that the advanced digital platform not only meets all corporate needs but also contributes to the state’s goals of enhancing financial inclusion by enabling more institutions to benefit from modern banking solutions that keep pace with market developments and strengthen the investment climate.

Regarding transaction execution, the platform supports local and international payments in both local and foreign currencies, including scheduled transactions and standing orders. It also allows for the bulk payment file uploads, enabling large operations to be executed accurately and swiftly, as well as the capability to register beneficiaries collectively to simplify procedures.

For security, Abu Dhabi First Bank Egypt sets new standards with its two-factor authentication system via a smart security code application, eliminating the need for traditional verification devices and enhancing transaction protection. Moreover, the platform allows companies to design flexible and complex authorization structures that align with their operational needs, ensuring complete control.

The launch of E-Connect FABMISR marks a new step in Abu Dhabi First Bank Egypt’s journey towards full digital transformation. This achievement supports the bank’s strategy to provide innovative solutions that enhance the efficiency of corporate banking operations, solidifying its position as a leading provider of digital banking services in the Egyptian market.

Abu Dhabi First Bank Egypt, a subsidiary of the First Abu Dhabi Bank Group, is one of the largest foreign banks operating in Egypt. With 72 branches across the country, the bank aims to offer a wide range of banking solutions and services tailored to meet the needs of various clients, including large enterprises, SMEs, and individuals. First Abu Dhabi Bank is the largest bank in the UAE and one of the largest and safest financial institutions globally, with a presence across five continents.

The bank boasts ratings of Aa3, AA-, and AA- from Moody’s, Standard & Poor’s, and Fitch, respectively, making it the highest-rated bank in the Middle East and North Africa region. Additionally, it has been recognized as the largest and safest bank in the UAE and the Middle East. First Abu Dhabi Bank also holds a leading position in sustainability regionally and is part of the MSCI ESG Leaders and FTSE4Good EM indices.

For more information, please visit https://www.fabmisr.com.eg/ar/.