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Egypt, 10 June, 2024: Network International (Network), the leading enabler of digital commerce in the Middle East and Africa, has announced the signing of a groundbreaking agreement with ADCB Egypt (ADCB), a member of the Abu Dhabi Commercial Bank Group, one of the leading financial institutions in the UAE, on the deployment of the Falcon enterprise fraud solution.
The implementation of this solution marks a significant step in accelerating ADCB’s digital transformation agenda in Egypt. Network International will enable ADCB’s digital-first strategy by delivering cutting-edge payments processing and fraud detection, prevention and management capabilities powered by industry-leading FICO fraud AI and machine learning analytics.
The agreement will empower ADCB to better manage and safeguard the customer experience at each touchpoint and effectively enhance its competitive advantage in the market. It also further establishes Network International as a preferred partner for best-in-class fraud management solutions amongst Egyptian banks.
Mr. Ihab ElSewerky, CEO and Managing Director at ADCB Egypt commented on this partnership: “At ADCB Egypt, we are committed to stay ahead of the curve in protecting our customers and data. Accordingly, the selection of our partners and their innovative solutions is an integral part of our business plan. In alignment with our strategy and growth roadmap focused on the digitalization, we have chosen this state-of-the-art AI-based solution to ensure real time protection for a seamless customer experience.”
Dr. Reda Helal, Group Managing Director – Processing, Africa and Co-Head Group Processing at Network International, commented, “We are thrilled to collaborate with ADCB in meeting their digital transformation objectives. The agreement marks a significant milestone in Network’s payments processing business in North Africa. The deployment of this solution underscores ADCB’s impact in the market by providing best-in-class digital customer experiences enhanced by operational efficiency.”
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