Middle East Newsletter January 2020
Middle East Newsletter January 2020
Dear Member
Welcome to our first newsletter of the year – We would like to wish all our members in Africa, India and the Middle East a wonderful year ahead!
Please could we ask a representative from each of our members to fill our questionnaire in here and send back to Erika Navarrete at erika.navarrete@atmia.com
We would also like to encourage our current Associate members to upgrade to either the Board level or to become a Regional Sponsor. For more information, you can view this document. Please feel free to give myself or Erika an email should you have any further questions on this opportunity. 
Kind regards,

Andrew Dean
Executive Director, Middle East and Africa
C: +27(0)82 577.9921
P: +27(0)21 712.6604
News Update: Open Banking momentum grows in Bahrain
The National Bank of Bahrain (NBB) has become one of the early adopters of open banking in Middle East and Africa, following the recent launch of its first set of open banking solutions. This comes after the Central Bank of Bahrain introduced a regulation that mandated the adoption of open banking by all banks in the Kingdom by 30 June 2019.

The bank collaborated with Bahrain’s first licensed open banking systems provider, Tarabut Gateway, to create its solution. NBB’s first open banking offering is aggregation of account services through its online platforms. Customers will be able to view and track their finances across all accounts via the NBB Open Banking app. The next phase will introduce financial transactions and other services.

Open banking is the practice of banks sharing their customers’ financial information. Electronically, securely and with the customer’s permission. Application programming interfaces (APIs) are used to allow third-parties to access this data efficiently, which promotes the development of new apps and services from a range of providers, including  fintechs.

The EU and the UK are leading the world in open banking with laws that require their banks to create APIs and open those APIs to third-party developers. The trend is expected to bring major disruption to the sector -- Accenture estimates that by end 2020, €61 billion or 7 percent of the total banking revenue pool in Europe will be associated with activities enabled by open banking.

Some market observers see this as an opportunity to transform customer experiences in n the Middle East.  “[Governments] are recognising that consumers want fast, easy transactions and visibility data across all sources.” writes Abdulla Almoayed, Almoayed Technologies CEO. “Fintech is …working to pose a direct challenge to often outdated business practices.” 

Join the Future-Proofing of the ATM Industry 
Over 285 companies have joined ATMIA’s Consortium for Next Gen ATMs which is developing a new API App model for future ATMs, including over 75 banks and financial institutions and the top IADs in the world.

It is free to join this global movement – simply email me at mike@atmia.com to become part of this critical exercise to ensure our technologies stay relevant for the next generation.

There is a next gen business case toolkit which identifies 22 cost-saving opportunities through embracing next gen architecture, 14 ways of improving revenue and 8 ways to build brand value. It enables a company to calculate potential Return on Investment depending on which sector of the industry you are in.

Please see the toolkit, a list of participating companies, best practices and so much more at the next gen portal.

Read the Ten Talking Points and join us today!

This project will shape the future in many ways creating a relevant and popular ATM for a new generation of consumers.

ATM Industry News and Items of Interest

Standard Bank wins The Banker Bank of the Year South Africa award for 2019

Standard Bank Group has been recognised once again for its accomplishments over the past year. This time round, the bank has secured prestigious country awards in South Africa, Lesotho, Zambia, Zimbabwe and Angola in the Bank of the Year awards for 2019.
MCB "Bank of the Year 2019" in Mauritius
MCB has won the "Bank of the Year 2019" in Mauritius title award by the prestigious publication The Banker, a subsidiary of the Financial Times Group. The trophy was given to Raoul Gufflet, Deputy Chief Executive of MCB Ltd, on the occasion of an event held at the Sheraton Grand London Park Lane Hotel in London on Thursday evening.
Banque Misr signs a cooperation protocol with 6th of October University to provide it with an electronic payment system

Banque Misr recently signed a cooperation protocol with 6th of October University, one of the largest private universities in Egypt with 14 faculties and more than 24,000 students, to provide it with an electronic payment and collection system. Mrs. Hind Abdel Hamid, Head of Banking Retail in Banque Misr, and Prof. Dr. Gamal Samy, President of 6th of October University, signed the protocol in the presence of Mohamed El Etreby, Chairman of Banque Misr, Prof.

WorldPay and Visa back African payments firm Flutterwave

With bases in Lagos and San Francisco, Flutterwave is one of several African fintech firms looking to cash in on the continent's drive to electronic payments.The company helps merchants accept payments both online and at the point-of-sale through a host of methods, including cards, mobile money and bank transfers.

ATMIA’s Facebook Page
Have you checked out ATMIA's Facebook page yet? Here are some of the benefits of joining our community on Facebook:
Keep abreast of ATM industry news and developments on:
  • Latest technology
  • Operational efficiencies
  • Upcoming ATM focused events
  • And more….
On our page, you can find all things ATM's and so much more. "Like" us on Facebook us today!
Send us your News, Comments, and Feedback

Andrew Dean is Executive Director for ATMIA Middle East. He's available to help you and your business navigate all things ATM.

Feel free to reach Andrew by email at andrew.dean@atmia.com or telephone +27 (0) 82 577.9921 Mobile or +27 (0) 21 712.6604 Office.
Benefits: Member to Member introductions

Connecting with ATMIA members is easy with our member to member introduction service. 

Sign into your account on the ATMIA website home page. Then go to the Member Directory and search for new contacts by keyword, company type, country or region. Full contact and other pertinent information is displayed for each ATMIA member. 

Simply click the Request Introduction button to email a personalized message with your contact information. Recipients will know that ATMIA sanctioned your outreach.

Try it Now...
Members of the month:
This month our Member of the Month is dedicated to all of our members in Africa, India and the Middle East. You can view the full list of members in your region here.
ATMIA Academy
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