Arab Finance: Société Arabe Internationale de Banque (SAIB) has signed a three-year cooperation agreement with Egypt-based technology solutions provider BMB Egypt to deploy intelligent automation across its operations, accelerate digital transformation, and improve banking services, as per an emailed press release.
Signed during the Cairo International Technology Exhibition and Conference (Cairo ICT 2026), the agreement will draw on the platform of New York-based automation company UiPath, for which BMB Egypt is an authorized implementation partner.
Afdal Naguib, Chief Executive Officer and Managing Director of SAIB, welcomed the collaboration, describing it as an important step in the bank’s adoption of international automation technologies. He said the partnership would improve the speed, accuracy, and flexibility of banking operations, supporting better service for customers.
Naguib explained that the three-year implementation plan would extend automation across the bank’s operational divisions and improve its working environment. The initiative reflects SAIB’s commitment to continuous innovation and keeping pace with technological developments in banking, he added.
BMB Egypt will provide the consulting and technical support required to deliver the plan, according to Mohamed Mosaad, the company’s Regional Director of Intelligent Automation and Data Analytics. He described the partnership as an important step in supporting SAIB’s digital transformation and expanding technology deployment throughout its operations.
Mosaad added that the work would build on the bank’s existing progress in automation and make fuller use of UiPath’s capabilities. Alongside improving efficiency and execution speed, the collaboration would prepare the bank for future integration of artificial intelligence (AI) to support innovation and create additional business value.
The agreement supports SAIB’s broader expansion of financial technology and digital solutions to streamline internal workflows, strengthen institutional performance, and pursue sustainable growth. It also represents an operational step toward implementing the bank’s growth and stability strategy for 2027–2031.
Developed with a specialized international firm, the strategy aims to create a more flexible, efficient, and resilient banking model that can respond to rapid industry changes, strengthen competitiveness in the Egyptian market, and meet customer needs. The bank continues to invest in advanced technologies and expand their use as part of this approach.
The strategy coincides with SAIB’s 50th anniversary and draws on its experience in the Egyptian market and ability to adapt to changing customer and market requirements. Its priorities include simplifying banking procedures, increasing reliance on digital solutions, extending AI applications across banking activities and services, and improving the working environment and operational efficiency.
Underpinning these priorities is a focus on maintaining financial stability and operational discipline. By balancing expansion, efficiency, and risk management, SAIB aims to sustain its business and increase the value it delivers to customers, shareholders, and the Egyptian economy.
