Author: Mohamed Sayed Fathy – Chief Information Officer, IT Department at EFG Hermes Holding Metaverse is the buzzword nowadays. The Google search engine states that the word “Metaverse” was one of the most searched terms during 2021. Does the Metaverse have real potential, or is it only a fad that will vanish soon? People started […]
Author: Mohamed Fathy – IT Department at EFG Hermes Over the last decade, cyberattacks have been among the biggest threats to financial institutions. Advances in technology have honed cybercriminals’ skills and techniques. They’ve also become more organized, forming groups that make it difficult for financial service providers to manage cybercrime risk. Losses from cybercrime are […]
Author: Mohamed Fathy – IT Department at EFG Hermes. Digital change is expected to be the next ‘Industrial Revolution’ in terms of size, effect, and doorways it opens for financial institutions — at least for those who show up for the revolution on time. Those who don’t are now facing the risk of not only […]
By Aly Dabbous, EFG Hermes IT The FinTech landscape is evolving very rapidly in Egypt, and with that evolvement comes winners and losers. Startups will cause disruption for incumbents, but they will be limited in what they can achieve due to regulations, resources, and competition from bigger, more dominant financial institutions. Meanwhile, incumbents may enjoy […]