Egypt’s second-largest state lender Bank Misr has joined forces with SAP to ensure banking business continuity and digital employee engagement as part of the bank’s digital transformation journey post-pandemic.
Bank Misr said, in a statement on Friday, that it is accelerating an organization-wide digital transformation, starting with its talent management, as part of its broader strategy to support Egypt Vision 2030’s diversified economic growth, banking sector job creation and business continuity.
“Banque Misr’s digital transformation shows how Intelligent Enterprises can leverage SuccessFactors’ real-time talent insights to win top talent, connect people to purpose, and drive business results”, Mohammed Samy, Managing Director, SAP Egypt said in a statement.
The Arab world’s most populous nation is Africa’s fastest-growing banking market, and its rapid growth is fueling an increase in the country’s retail banking market.
Banque Misr, which worked with channel partner Arete Global to go live on the cloud-based SAP SuccessFactors’ modules on Performance and Goals, has full and real-time visibility on talent and employee performance for more than 20,000 employees across 800 branches.
The outbreak of the pandemic disrupted labor markets globally as most companies introduced flexible and diverse working hours including work-from-home. Banque Misr is investing in software and information processing equipment to maintain business continuity and enhance employee engagement.
Last year, the bank secured a license to open a branch in Saudi Arabia.