Suez Canal Bank is exploring opportunities to develop a more integrated digital banking and investment experience in collaboration with Thunder, Egypt’s leading digital investment platform, Visa, a global leader in digital payments, and Modopay, a regional payment technology provider, subject to obtaining the necessary regulatory approvals from the Central Bank of Egypt (CBE).
The initiative forms part of efforts to explore innovative digital financial solutions aimed at enhancing the customer experience, in line with the applicable regulatory framework and pending the required approvals from the CBE.
Commenting on the initiative, Shehab Zidan, Deputy Chief Executive Officer and Managing Director of Suez Canal Bank, said: “At Suez Canal Bank, we believe that customers’ banking and investment needs are no longer separate; they have become increasingly interconnected. This is why we continuously seek opportunities to support the evolution of digital financial services.”
He added: “With this vision, we are exploring ways to develop a more seamless and integrated digital experience that brings banking and investment services closer together, in a manner that aligns with customers’ evolving expectations and needs, subject to obtaining the necessary regulatory approvals from the Central Bank of Egypt.”
Zidan noted that the initiative reflects a shared vision among the partners to leverage rapid advances in financial technology and digital payments to deliver greater value to customers and enhance their overall digital financial experience.
The bank said it remains committed to adopting the latest technological solutions and expanding its portfolio of digital services, in line with its strategy to provide a more seamless, convenient and flexible banking experience for customers across all segments.
