QNB, the largest financial institution in the Middle East and Africa, joined forces with Prometeia, a leading provider of credit risk management solutions, to sign a new agreement fostering their continued partnership.
The collaboration represents a strategic initiative to strengthen the bank's position as a leader in the financial services industry while delivering tangible benefits to its customers and stakeholders.
Building upon the success of their initial collaboration focused on climate risk review, this step highlights QNB's commitment to leveraging data-driven technologies to enhance its credit risk management capabilities.
"We are excited to further our collaboration with Prometeia. As the financial landscape evolves, we recognize the importance of investing in advanced technologies to sustain our growth and ensure the continued success of our institution," said Mr. Mohamed Bedeir, CEO of QNB Egypt.
"This project underscores QNB’s Egypt unwavering commitment to supporting economic activities, particularly within the micro, small, and medium enterprises (MSMEs) segment," remarked Mr. Bedeir.
"By harnessing the latest advancements in credit risk management, we aim to empower businesses and drive sustainable growth," he added.
QNB Egypt has established itself as a cornerstone of the Egyptian economy. Through its extensive experience across various sectors, the bank has developed sophisticated models that draw from a diverse knowledge base, enabling informed decision-making and risk mitigation strategies.
Prometeia brings a wealth of global experience in delivering cutting-edge technology solutions, aligning seamlessly with QNB Egypt mission to adopt industry best practices in credit risk management.
