Finastra partners with DataGear to help merchant banks in Egypt optimize their core processes

DUBAIWATER, February 23, 2022 /PRNewswire/ — Finastra today announced its partnership with DataGear, a leading provider of banking and financial services in Egypt, to enable corporate banks to streamline core operations, automate compliance and reduce costs. DataGear will provide its customers with solutions from Finastra, Fusion Corporate Channels and Fusion Trade Innovation, to help banks strengthen their services and grow their business.

Ahmed Elsonbaty, Managing Director of DataGear, said, “The demands of our vast customer base are constantly changing. We recognized the need to expand our portfolio, to help corporate banks upgrade their offering with a suite of digital services. program, as well as its state-of-the-art solutions, give us the necessary tools to support our customers in this adventure. Thanks to this partnership, we can also continue our own growth and development in the market.

In an increasingly competitive marketplace, it’s important that corporate banks can adapt quickly and aren’t held back by regulation, legacy technology, or working capital limitations. With Finastra’s solutions, DataGear customers will benefit from a business services platform that scales with compliance, customer demands and competition, as well as next-generation portal technology to unify trade, supply chain finance, treasury, lending and banking.

Ahmed KhalifaDirector, Partners & Ecosystem MEA at Finastra, said: “With deep expertise in banking and financial services, DataGear has a strong presence and a large customer base in Egypt. At Finastra, we understand the importance of partnerships and collaborative ecosystems to facilitate growth. Our partnership will help the company strengthen its position in the market, while allowing its customers to access our flagship solutions through a local supplier. We are delighted to partner with DataGear and look forward to our mutual success.”

For more information, please contact:

Caroline Duf
Global PR Manager, Finastra
J +44 (0)7917 613586
E [email protected]

Hatem Deghadi
Business Development Manager, DataGear
T: +201099963827
E: [email protected]

About Finastra

Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Backed by the broadest and most comprehensive portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes across the world, including 90 of the world’s top 100 banks. Our open architecture approach brings together a number of partners and innovators. Together, we are leading the way in which applications are written, deployed and consumed in financial services to evolve with changing customer needs. Find out more at

About Data Gear

DataGear is a leading provider of compliance and data warehousing solutions for large enterprises in the Middle East and Africa. He has provided over 12 data warehouse solutions to some of the largest telecom operators and financial institutions in the world. Algeria, Egypt, Saudi Arabia and United Arab Emirates. It also provides more than 40 financial institutions in the MEA region with robust and reliable solutions developed using artificial intelligence for anti-money laundering, countering terrorist financing, risk profiling customers and fraud management. Adopting an innovative approach and hiring the most qualified people, the company strives to prosper and achieve the best satisfaction of its customers.