ALEXBANK

Today’s Knowledge Sharing Session of ALEXBANK’s ongoing Student Summer Internship Virtual Program ( LEAP by ALEXBANK) was a talk by ALEXBANK’s Head of Accounting Department, Mohamed Medhat Assem, providing LEAPers a foray into the Future of Finance: AI Innovations in Accounting. The session reflected among many topics on a thorough dissection of the banking sector in Egypt, and how it is the backbone of Egypt’s economy. This is in addition to the Central Bank of Egypt’s consolidation view of the market, and how the Central bank of Egypt is among the strongest regulators in the Middle East and the world. Focusing on Accounting and its importance, the session progressed to discuss AI, machine learning and how it is affecting Accounting. Medhat’s talk reflected on the story of accounting, how it started, and how businesses are inherent to function based on Accounting. The reason of the latter being for the decision makers to know where the institution is at, properly decide where it is going and know the exact amount of money being earned. This was followed by a recount of the International Finance Reporting Standards that the entire World abides by and how each country has the right to customize its rules, which go hand in hand with the international ones. Medhat took LEAPers through the importance of the global rules and how they are a measure of comparison between institutions – having a standardized methodologies and unified systems to enable the efficient and proper performance of scans and SWOT analysis. LEAPers were eager to know the tactics of picking the right Accounting major based on strengths and weaknesses, and how to improve skills as a student to be best prepared for the market. This was complemented by how AI will benefit Accounting, an analytical description of Accounting different functions within banking and the difference between business and accounting. Stay tuned for more technical and insightful sessions by our Alexbank managers, paying forward their knowledge, spirit and shared values to the Student Community in Egypt to create a better tomorrow!

ALEXBANK’s 5th knowledge sharing talk during LEAP was given by Menna El-Taher, Head of Sustainability Monitoring and Reporting Unit, who provided an impeccable learning journey on Sustainability & Sustainability Finance. The session started with an overview of the principles of ESG (the Environmental, Social & Governance) & how they affected the traditional way of banking within Egypt & the world. This in addition to a recollection of the development in banks when it comes to CSR (Corporate Social Responsibility). The Session also highlighted the priorities of Intesa Sanpaolo Group in the ESG Field, and the actions of ALEXBANK towards the environment, an intricate introductory explanation of ESG. LEAPers were keen to inquire about Diversity & Inclusion, the balance between males & females, Health & Safety, & Human Rights. Furthermore, discussing the concepts of Corporate Governance, Data Privacy, Equal Pay and Anti-Corruption. 2024 LEAPERs figured out ALEXBANK’s ESG Evolution till reaching as a form of DNA within the bank. – with 2021 being the beginning of efforts towards the transition from CSV (Creating Shared Value) to ESG and the global shift towards sustainability and the role of ALEXANK within the Egyptian community especially from 2018 to 2022. LEAPers delved into a foray of ESG in the banking sector: operational level, i.e., waste management, energy efficiency, employee engagement & physical accessibility & the portfolio. Finalizing the session with examples of ESG in the bank’s portfolio being Sustainable Finance, ESG Risk Mitigation and Digitalization of Products & Services. ALEXBANK welcomed recently 11 new social products and 1 environmental product. Among many of the session’s topics were the importance of applying ESG to institutions, how to enhance customer and investor acquisition, promotional sustainable finance within 6 principles and ESG regulatory landscape evolution with its aim to build upon the guiding principles for sustainable financing. The evolution mentioned above is a consequence of the UN Sustainable Development Goals for 2030 and the 17 SDGs that were adopted from 2015 and are now integrated to include set of targets totaling 169, which interchangeably recognize actions in each area and how countries abide, localize, and aim to accomplish by 2030 – highlighting Egypt vision 2030 as the localized version of this to include 5 key objectives. Under our Parent Group’s commitment and investment in the ESG and its governance, ALEXBANK proudly updated its structure to best serve our ESG goals from different dimensions, and today the students of our Virtual Summer internship program LEAP 2024 are equipped with an understanding of concepts that include corporate-sustainable lending, its classification criteria, how banks can foster this, & corporate social responsibility within ALEXBANK. Stay tuned for more knowledge sharing from our Internal Experts to pay forward their profession to the Egyptian Student Community!

Today’s session was given by ALEXBANK’s very own Head of Mass Segment, Mohab Mostafa – where interns got a knowledge-infused session on Youth Financial Activities and the Products and Services of ALEXBANK. Interns were introduced to the tactics of becoming financially aware, capable, and empowered on the fourth day of LEAP. Questions that include where, how, and when to insert money within banks and the types of products that most adequately cater to customer’s variable needs were fully answered. We also know the types of retail, insurance and youth products. Alongside knowing the different types of cards, insurance products and loans. During today’s session, our interns discovered what banks have to offer, the difference between flexible versus inflexible accounts and everything we need to know about certifications of deposits. This was in addition to knowing how interest rates, recession, the market situation, and the value of a country’s currency are all interrelated. Apart from knowing a very intricate explanation of both current and saving accounts. ALEXBANK’s interns can now fully differentiate between debit, credit and prepaid cards. Whilst knowing the 3 main types of loan as a product and the best option for each case, our LEAPers have a deep understanding of the difference between secured and unsecured loans. 2024 LEAPers learnt how Instapay was a revelation to the banking services, and how to choose the best bancassurance product and programs for my needs or my family’s. One of the segments discussed was that customers between 16 to 25 can open Youth Accounts without a legal guardian, which is a feature ALEXBANK proudly introduced - hence, generally only customers of legal age can usually open accounts without guardians. ALEXBANK’s zealous learners went through a journey through Youth Proposition, banking benefits, the different types of Youth Accounts and their related benefits in relation to a banking platform, mobile wallets, apps and call center availability. Stay Tuned! #ALEXBANK #LEAP

LEAP 2024’s theme is “Generative AI and the New Gen Legacy “; done in collaboration with ALEXBANK’s main success partner, the Egyptian Banking Institute, the main educational arm of the Central Bank of Egypt. This is addition to trusted providers Skills Bank and Markov. We share the same goals, values and urge to impact future generations through interactive learning, while having a Sign Language Interpreter to spread Diversity and Inclusion and give equal opportunity to all. On the third day of LEAP 2024, we dived into the concept of revolutionizing technology and digitalization, alongside its effect and abundancy and passing through 3 industrial revolutions. LEAPers went through an awakening experience by knowing the conscious side of AI, and the four hidden aspects of AI: ambiguity, uncertainty, volatility, and complexity, while dissecting the resulting drivers, impact and needs of all 4. ALEXBANK’s interns discussed the concept of a digitalized currency as an economic aftermath of using AI, and the human aspect that we can manifest from AI. Apart from the ethical applications of AI, our speakers taught us how to prepare oneself for the future and the key traits to ensure a successful growth through using mindset, skillset, and toolset. Having a habitual or characteristic mental attitude that determines how you will interpret and respond to situations is crucial nowadays, as well as how you perceive change in terms of mindset, values, principles, practices, and tools – having an agile mindset. ALEXBANK’s enthusiastic learners now know the 3 traits that recruiters look for while hiring: KSA, which is knowledge, skillsets and most importantly attitude; combining all three to reach peak performance. This is in addition to the adoption matrix, how AI supports continuous learning, how to identify a learning goal using the SMART technique that is AI driven and the ability to work breakdown structure of big tasks to smaller manageable tasks. #LEAP #ALEXBANK

Today was the second day of LEAP, where the highlight of the day was presence of our very own Ramy Taha, ALEXBANK’s Deputy CEO, Retail, MSMEs & Digital Banking. LEAPERs learned about Ramy’s career since its very beginning till becoming ALEXBANK’s deputy CEO. We also learnt the difference between what technology currently allows us to do versus what can still be done. In addition to understanding consumer and commercial banking. Ramy dived into how opportunities are being shaped due to the availability of AI and technology, modernizing retail banking with the aid of AI, as well as the role of AI within the next 4 years. Ramy questioned LEAPERs knowledge on the difference between AI and Generative AI where they all answered correctly. AI being the bigger umbrella with the latter having the ability to generate original content. They also got to know how the retail banking industry is slowly shifting to self-servicing – being assisted by AI; this is in comparison to the current state of affairs, whereas in ALEXBANK we sell almost everything online via a self-servicing channel. AI can revolutionize cross-selling in retail banking by personalizing product recommendations based on individual customer data, increasing sales, and building loyalty. LEAPERS also learnt from Ramy the potential of AI to transform business through hyper contextualized marketing. Tailoring products to each customer. LEAPERS also shared their ideas on how AI can be used in the banking industry where Ramy listened carefully to all the amazing ideas.   Learning is Free for those who want to learn, this was Ramy’s advice to all the interns.  With endless resources online, we all have the power to invest just 30 minutes a day to accumulate 15 hours on a monthly basis of learning. Can you imagine how this can change one’s mindset and perspective! Thanks to Ramy Taha for the professionally empowering session. #LEAP #ALEXBANK

Today marks the first day of LEAP 2024, ALEXBANK's virtual Internship Program. Our Aya Ghandour, Head of Learning and Development, and our Osama Essawy, Head of Internal Communication & Employer Branding, kicked off the program with an introductory session, extending a warm welcome to all LEAPERs.   Today’s session offered an exploration of the banking sector, guiding participants on how to discover their passion. It emphasized on the importance of personal interests in fueling professional growth. LEAP 2024 covers a wide array of topics. It encourages interns to develop unique skills, highlighting the significance of employer branding, personal branding, and effective use of LinkedIn for career advancement. The curriculum delved into AI's role in banking, discussing its problem-solving capabilities, applications across industries, and impact on competitiveness and efficiency. Participants gained insights into generative AI, machine learning, and the four types of AI, along with best practices for its implementation. This holistic approach not only prepares interns for the banking sector but also equips them with knowledge about cutting-edge technologies shaping the future of finance.   Building on the success of LEAP 2023, this year's program continues to offer unparalleled opportunities for growth and learning. Last year's initiative laid a strong foundation, providing participants with valuable industry exposure and skill development. LEAP 2024 aims to surpass its predecessor. LEAP 2024 happens in cooperation with different strategic partners with an aim of delivering an even more impactful experience for aspiring university professionals.   #LEAP_2024 #ALEXBANK

ALERT! LEAP 2024 is approaching!   The wait and anticipation will soon be over. Get ready for an awesome journey of experience, learning and development in only 5 DAYS! #LEAP

زورونا في نادي هليوبوليس الشروق من 8 إلى 13 أغسطس وافتحوا حساب توفير الشباب ضمن فعاليات الشمول المالي واستمتعوا بمميزات تناسب أسلوب حياتكم. • عائد شهري تنافسي (لحساب الجنيه المصري) • مصاريف فتح الحساب مجاناً (لحساب الجنيه المصري) • فتح الحساب بدون حد أدنى للمزيد زور: https://lnkd.in/gYnJTQPa تطبق الشروط والأحكام رقم التسجيل الضريبي: 665-029-200

زورونا في نادي هليوبوليس الشروق من 8 إلى 10 أغسطس وافتحوا حساب توفير الشباب ضمن فعاليات الشمول المالي واستمتعوا بمميزات تناسب أسلوب حياتكم. عائد شهري تنافسي (لحساب الجنيه المصري) مصاريف فتح الحساب مجاناً (لحساب الجنيه المصري) فتح الحساب بدون حد أدنى للمزيد زور: https://lnkd.in/dCB6b6KR تطبق الشروط والأحكام رقم التسجيل الضريبي: 665-029-200

Only 10 days left to kickstart LEAP ALEXBANK Virtual Summer Internship Program 2024! In 10 days, the unforgettable journey will start! Stay tuned for more!   #LEAP