SAS, a leader in analytics, hosted an exclusive gathering of financial services key players, experts, and decision-makers in Cairo recently. The event, which was held at the St. Regis Cairo Hotel, centred on how technology, analytics, and AI can support the banking sector in Egypt and why they play a critical role in defining the future of data-driven banks and their growth. Following a long period of dedication and careful planning, Egypt has established a robust banking system. The industry has maintained low nonperforming loan levels, high capital adequacy ratios, and sufficient provisioning. Avoiding some of the most severe economic effects of the COVID-19 pandemic witnessed elsewhere, was one of the sector’s most remarkable achievements in recent years. However, challenges never cease to arise. The turbulence in capital markets, concerns of a recession, global geopolitical tensions, the rise of cyber threats, and the escalating climate crisis require immediate action by the financial services industry in order to maintain its current positive trajectory. In this unpredictable environment, SAS industry experts how analytics and artificial intelligence can become the banking industry’s most valued ally. Starting with a glimpse of banking in 2035 via three potential scenarios, the company’s analytics and AI […]
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