The successful implementation of the IAM tool was the result
of collaboration between Hemaya, the bank’s technology partner, and several key
internal leaders including Basil Qalladah, Chief Operating Officer at FAB
Egypt, Mohamed Lashin, Head of Operations Business Management, and Ahmed El
Sharksy, Head of Identity and Access Management and Application Standards at
the bank.
FAB Egypt is among the first banks in the Egyptian market to
deploy this advanced tool with such a high level of integration, reflecting its
proactive vision in adopting cutting-edge digital governance and compliance
solutions. The new tool has automated authorization management processes and
strengthened access control operations. The project is being rolled out in two
phases. The first phase integrated five core applications within the bank,
while the second phase will cover five additional applications. This enhances
the bank’s ability to address growing cyber threats and ensures the protection
of its digital environment and customer data.
Mohamed Abbas Fayed, CEO and Managing Director of FAB Egypt,
said that the implementation of the IAM solution in cooperation with Hemaya for
Information Technology represents a milestone achievement that reflects the
bank’s commitment to secure digital transformation and compliance with the
Central Bank of Egypt’s cybersecurity framework. He explained that the
importance of this step lies in automating access reviews for more than 3,200
employees, which enhances governance efficiency, simplifies compliance
procedures, and strengthens customer trust in the digital environment through
which services are provided. He stressed that technology is considered a tool
to achieve banking leadership based on innovation, security, and operational
excellence.
Major General Saeed Ibrahim, Chairman of Hemaya for
Information Technology, stated that implementing this project in cooperation
with First Abu Dhabi Bank Egypt marks a milestone in the development of
cybersecurity and digital transformation in Egypt’s banking sector. He noted
that this step contributes to enhancing the security of financial transactions
and increasing trust in digital banking services in line with international
standards and the regulatory vision of the Central Bank of Egypt. He emphasized
that Hemaya is proud to lead such complex and high-impact projects, with more
than 85% of Egyptian banks relying on its expertise and partnerships with over
60 global technology providers, affirming the company’s commitment to
continuously enhancing protection measures and enabling financial institutions
to succeed in an evolving digital environment.
This achievement is part of a strategic roadmap to fully
integrate identity and access management systems over the next three years,
reinforcing FAB Egypt’s position as a leading banking institution in
cybersecurity and identity governance. It also demonstrates the bank’s ongoing
commitment to delivering a secure and efficient digital banking experience that
aligns with the highest international standards and customer expectations.