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Agricultural Bank of Egypt Financial Inclusion with MDSL

December 26, 2019 - Cairo, Egypt

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Agricultural Bank of Egypt (ABE), one of the biggest agricultural banks in the Arab world and Middle East, are planning to comply with the financial inclusion strategy, mandated by Egyptian Monetary authorities, and transform their society into a cashless one with the help from MDSL, an ITG company.


The bank business relies mainly on special underwriting system for agriculture loans. It has 1200+ branches that are scattered across rural areas of Egypt and that provide special loan types and services to the agricultural activities segment.


The most important requirement for the bank was the capability of the awarded system to support their agriculture micro-financing strategy by introducing the concept of Farmer payment card. The main function of the Farmer card is to create a mechanism by which the credit facilities granted to Farmers are controlled so that Farmers’ expenditures are restricted to merchants of agriculture business and services. The farmer card will become the first building block in a more ultimate Value chain that associates Farmers with Farming products trade and industry


MDSL being partner with a top-ranked global fin-tech (FIS) and reseller of their award-winning range of EFT Payment systems, can create a robust, high-volume, high-availability and highly scalable EFT processing environment.


Designed to run in mission critical environments and to facilitate the bank’s business continuity and disaster recovery strategies, it provides all of the core business functions ABE needs to create and maintain payment cards and to process electronic payment transactions.


Our proposed solution consists of  products to support ATM and POS device driving, transaction routing, authorization, communications support, operational management and monitoring, network and host interfaces, security strategies, Payment cards issuance and operations, fraud blocking and statistical monitoring.


MDSL’s proposed solution has the capability to leverage the Bank’s need for transformation and adopting changing operating models at the same time and over time.


MDSL EFT team analysed the bank’s strategy and assessed their business requirements, and will be implementing these solutions in accordance with the best international practices in a record time: IST/Switch, Card Management System, Reconciliation System, Merchant Management, and Fraud & Monitoring System.


By deploying the solution, the Agricultural Bank will have for the first time their own operated in-premises EFT solution platform which will enable them to operate and manage the electronic payment systems in an integrated manner, allowing for fast-track compliance with the country-wide Financial inclusion and become a pioneer in the cashless agriculture micro-financing.


About ABE


Agricultural Bank of Egypt is considered one of the most important development institutions for the agricultural activity in Egypt. It is one of the biggest agricultural banks in the Arab world and Middle East as it owns more than 1210 branches and village banks that cover all the country of Egypt. Besides it owns more than 4 million m2 storage capacities, 2 million m2 of which are allocated to receive the local grains from farmers.


About MDSL

Established in 1978, MDSL, an ITG company, has a proven track record in the supply and integration of turnkey banking solutions in Lebanon and the Middle East region, including:

  • Core banking solutions: Core banking, treasury, risk management (asset liability management, profitability, Basel II), corporate & retail lending, electronic signature verification and mobile & internet banking
  • EFT solutions and payments: ATM/POS switching, Card management, Fraud management, and EFT software simulation (ATM/POS terminals, Hosts to Host interfaces), and instant / central card issuance systems

In addition, MDSL offers Telco solutions, business analytics, business intelligence, and enterprise content management solutions, and specialized software for the corporate governance.
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Information Technology Group (ITG) is a Lebanese holding company. We combine an array of autonomous affiliates dedicated to providing a large portfolio of solutions and services in the MENA region, in the areas of hardware, system software, and application software, in addition to building automation and office solutions.

Strong with our established reputation, proven track-record, and solid partnerships with leaders in the ICT industry, ITG can offer the full spectrum of solutions to most businesses, ranging from office furniture to the full-fledged data center, in addition to Cloud-based services.

ITG derives additional strength and reach thanks to its affiliation with the HOLCOM group of companies which has more than 50 years history in diligently serving clients in the EMEA region with its 5,700 professionals.

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