Egyptian universities to introduce Fundamentals of FinTech course into curricula for 1st time

Updated 5/10/2024 5:29:00 AM

Arab Finance: FinTech Egypt, an initiative spearheaded by the Central Bank of Egypt (CBE), has unveiled plans to introduce a "Fundamentals of FinTech" course into the curricula of various universities across the nation for the first time, as per a statement by the CBE.

This strategic initiative, dubbed "FinYology," is set to enhance the educational landscape by equipping students with essential knowledge and skills in financial technology.

Partnering with the Egyptian Banking Institute (EBI), FinTech Egypt aims to bridge the gap between academia and industry requirements, ensuring that graduates are well-prepared to navigate the complexities of modern banking.

The first phase of this initiative will see the integration of the course into institutions such as the Arab Academy for Science, Technology, and Maritime Transport (AAST), Newgiza University (NGU), and the British University in Egypt (BUE), with plans for expansion to other universities in subsequent stages.

Central to the development of the course content is the collaboration with The London Institute of Banking & Finance (LIBF), boasting a rich legacy of 140 years in banking and finance education.

Drawing on their extensive expertise, LIBF has tailored specialized programs to meet the unique needs of the Egyptian market, ensuring that participants receive world-class training in FinTech.

This move builds upon the memorandum of understanding (MoU) inked between the CBE and LIBF in July 2023.

Per the MoU, a range of initiatives, including training courses, workshops, and educational programs, will be rolled out to empower professionals and students alike, cementing Egypt's position as a hub for FinTech innovation in the MENA and North Africa regions.