The Central Bank of Egypt has launched the country’s first specialized diploma in artificial intelligence (AI) for the banking sector. The initiative is being implemented in partnership with the Egyptian Banking Association, New Giza University and Injaz Consulting Group.
The AI in Banking Diploma is designed to give banking professionals and leaders a structured, practical and governance-driven understanding of one of the most disruptive and opportunistic trends in the sector: artificial intelligence.
McKinsey & Company research estimates that AI has the potential to add up to hundreds of billions of dollars in added value annually through improvements in areas such as cost efficiency, enhanced risk management, fraud detection, credit decisions, operational automation, and highly personalized customer experiences.
“The issuance of this diploma is part of the Central Bank of Egypt’s FinTech Innovation Strategy, which aims to transform Egypt into a leading regional hub for the FinTech industry in the Arab-African region,” said Hassan Abdallah, Governor of the Central Bank.
The program is hosted by the Digital Academy (an initiative by the Central Bank of Egypt) and is aimed at participants from across the financial services sector, who can earn a diploma by completing five programs. These programs cover the basic concepts of AI and further span areas such as data, governance, risk, and real-world implementation in banking.
Key Partner: Injaz Consulting Group
To support the implementation of the program, the Central Bank of Egypt signed a memorandum of understanding with Injaz Institute, the training and executive learning arm of Injaz Consulting Group.
Commenting on the partnership, Ahmed Rahmi, Director of Injaz Institute, said: “This initiative reflects a shared commitment to developing sector-wide capabilities that support the responsible and appropriate management and scalable implementation of AI in banking, in line with regulatory expectations and institutional decision-making.”
“We look forward to working closely with our program partners to scale this program and help position Egypt as a regional reference point in AI-enabled and resilient banking.”
Injaz Consulting Group is one of the largest consulting groups of Arab origin, with over 200 professionals working in offices in New Cairo and Riyadh. The company operates its marketplace under four labels: Injaz Consulting (management consulting), Injaz Tech (technology consulting), Majed Alrasheed Law Firm (legal advisory), and Injaz Institute (executive learning and training).
