Central Bank of Egypt

Upskilling the Egyptian workforce in the Banking, Financial, and FinTech sectors

Background

With the mission of creating an inclusive and digital-resilient ecosystem, the Central Bank of Egypt (CBE) supports and contributes to the development and advancement of Fintech talents by providing training and creating job opportunities for talents in this promising field.

In line with the Central Bank of Egypt’s FinTech & Innovation strategy, with its vision to become a globally recognised Fintech hub in the Arab world and Africa, FinTech Egypt – an initiative by the CBE, launched its first “Digital Academy”, aiming to empower employees with the right skills in the banking, financial and FinTech sector.

In this capacity, CFTE and CBE have partnered to build a workforce that can drive innovative initiatives in the world of digital finance.

Programme

The Innovator Programme is a 6-months self-paced online course part of the Digital Academy for early adopters in the banking, finance and FinTech industry who are in a position to embrace innovation and drive for the future of the industry. The programme gives a 360 degree view on FinTech and an opportunity to specialise in AI in Finance, Open Banking or Payments in Digital Finance. After completing the programme, participants will be able to apply digital skills in day-to-day work.

The successful pilot programme followed the Generative AI in Finance Programme, an exclusive 3-month programme consisting of a series of self-paced online courses and live sessions designed for professionals in the financial industry in Egypt wishing to dive into the world of AI.

Content

Participants embark on their journey with the Fintech 360 programme, mastering the fundamentals of Fintech, AI in Finance, RegTech, Digital Assets, and beyond. They then choose a specialised pathway—AI in Finance, Payments, or Open Banking—to further deepen their expertise and understanding in their selected area.

Our latest offering, Generative AI in Finance, is a comprehensive programme tailored for professionals in Egypt, focusing on leveraging AI within the financial industry. This programme addresses the 2024 mega trends, equipping participants with essential AI knowledge and skills through methodologies and business frameworks taught by global AI and finance experts. Additionally, live sessions with top industry experts provide invaluable insights and real-world perspectives.

Results

The interactive programmes, led by CFTE’s renowned academic and industry experts from top universities and financial institutions enabled participants to acquire practical skills through self-paced courses, live sessions and a final assessment.

Graduates of the programme are awarded a Certificate of Completion, a testament to their proficiency in Fintech and their specialised expertise in one of three areas: AI in Finance, Open Banking and Platforms, or Payments in Digital Finance. This comprehensive training equips participants to implement their knowledge within their banks, driving forward the advancement of the Egyptian Banking sector.

The collaboration between CFTE, EBI, and CBE is ongoing, and will be launching the second Generative AI in Finance programme in September 2024.

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