Smart Digital Solutions Launched

26/03/2017

Ashraf El Kady – Chairman of The United Bank

•    The United Bank is the first bank in the market to launch the Smart Digital System
•    Package of new smart technology solutions to meet customer needs.
•    Infrastructure and human elements are the most important factors that distinguish smart technological services.
•    Self-query and intraday credit worthiness through customers' accounts on the Banking Internet and more than 200 ATMs covering most of the country.
•    Services and digital solutions became the first choice and the fastest alternative for banks’ customers.
•    A comprehensive strategy for optimal applications of financial coverage of the market.

 

Confirming the leadership of The United Bank in the field of smart digital banking solutions and services in the Egyptian market, Ashraf El Kady - Chairman of The United Bank – announces the launch of the  new "digital system".  An Integrated intelligent services solutions for self-query online through bank accounts “Self Inquiry Via Bank Portal  and “Through more than 200 ATMs scattered all over the country.  Applying such services, The United Bank becomes the first bank in the market to launch this smart digital system.

 

Ashraf El Kady says that the new "smart digital system" allows the bank's customers, individuals, large companies, small and medium-sized enterprises sector, with different geographic distribution, the opportunity to inquire about their credit reports on a 24/7 basis, with full application of global safety standards, as soon as possible, without bothering to go to the branch or wait, in accordance with the rules of work organized by The Central Bank of Egypt.

He added that the service is characterized by rapidly obtain the required information instantly and also retained the possibility, whether through customer accounts online banking or through more than 200 ATMs of The United Bank.

The credit report issued by both the bank account and automated teller machines (ATM) contains a credit score that reflects the information recorded by I-Score. That contributes to reducing the time factor or going to the branch, which is one of the most important difficulties facing customers wishing to get funding.

He added that the Bank's customers can now obtain this special service only if the customer or the company has an account on the bank's website and available through the bank's website www.theubeg.com or using bank’s card.

 

 

The United Bank's technology infrastructure

As for the technology infrastructure of The United Bank, Ashraf El-Kady pointed out that the bank has taken great steps towards modernizing the basic computer system according to the latest Mysis Fusion Banking Equation. The bank was able during the last month that ends with 90% of the update process.

He added that the modern intelligent technological services package currently being implemented at the bank is based on high quality technological infrastructure in accordance with international standards, enabling the bank to provide the best service to its current and future customers from large individuals and companies and the SME sector, which will have a positive impact on the market.

A comprehensive strategy for optimal applications of financial inclusion of the market

As for financial inclusion, Ashraf El-Kady said that all the smart technological applications and the national initiatives of the CBE and the State are working towards the full implementation of the mechanisms of financial inclusion to achieve the competitiveness of Egyptian banking institutions and maximize their pivotal role in supporting the overall development of the national economy.

The financial inclusion is to reach all categories according to their geographical distribution, and to have access to all services and financial and banking solutions in an integrated manner and to use them effectively at affordable, competitive prices in a distinctive way from one bank, whether through technological or ordinary applications.

Therefore, The United Bank has developed an integrated plan to expand the scope of financial inclusion within its strategic objectives to reach the largest segment of customers, whether individuals or clients large companies, as well as small and medium enterprises sector. That's for its strong faith in the importance of this promising sector and strategic role in advancing the progress and the achievement of comprehensive development.

In this sense it has expanded its investment in digital services smart technology, either through online banking and telephone banking, as well as ATM machines.