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Pio-Tech & Inspire Solutions sponsors Tech Conference in Baghdad

2020-07-26T12:04:02+00:008th, May 2019|

Baghdad – Iraq, 30th April 2019. Pio-Tech the leading provider of Banking Business Intelligence and Performance Management Solutions in the Middle East and Africa, and Inspire Solutions the authorized re-seller partner for Pio-Tech in Iraq, served as the main sponsors of Tech Conference in Baghdad. Which is organized by IBBC (Iraq Britain Business Council), and was held in the Babylon Rotana Hotel in Baghdad.

 

The Tech Conference in Baghdad focused on the power of the new tech economy and how it can benefit the Iraqi economy. The conference, also discussed how technological applications can enable Iraq to become more productive and efficient, a driver for transparency, a mechanism for government payments, a means to interact with its citizens, and a source of new employment opportunities for young people.

 

Pio-Tech took part in the conference which witnessed the attendance of delegate Iraqi governor of Central Bank, and entrepreneurs who discussed various topics on Consumer Tech, FinTech Business, Fintech Consumer and E-Government.

 

Mr. Qais Shareef the Consultant Engineer and Managing Director of Inspire Solutions Co. Ltd and an authorized re-seller partner for Pio-Tech in Iraq presented a keynote about “Platform of Compliance and Advanced Analytics”  Where three main ideas were discussed; 1) governing the quality of data 2) building an information platform to serve compliance and securely offer the bank’s products and services to the outside world and 3) explaining the roadmap from traditional BI to advanced and predictive analytics by sampling “AI-supported” Next-Best-Offer (NBO) and Analytical Chatbots. The speech illustrated a number of other ML-aided analytics; such as Customer Churn, Segmentation, Sentiment Analysis, Life Time Value, and other use cases. The presented notes were aiming to have a proactive marketing plan and customer business continuity.

 

Inspire Solutions is an Iraqi ICT company that provides a universal set of Professional Services, Distinctive Technical Information, Communications System Solutions, Consultation Services of Organization Structure and Strategic Planning, Procedures, Policies, and Processes.

 

Pio-Tech is a System Integrator and Business Solutions’ provider that has become, since conception in 2003, an innovation hub that advocates digitization and futurism across the Middle East and Africa Regions. In addition to its long history of serving the banking industry, was approached by a number of representatives from local and regional banks at the conference that reflected on their interest in such mission-critical technological advancements.

Mr. Rand Hashem interview with Acquisition International Magazine

2020-07-26T12:03:16+00:005th, May 2019|

Defined by True Innovation

Pio-Tech is a business solutions provider that has become, over the last sixteen years, defined by an innovation-first approach that champions digitisation and futurism. Earlier this year, PioTech were recognised in Acquisition International’s 2019 Global Excellence programme as the ‘Most Innovative Business Solutions Provider’ in the Middle East and African region. Following this deserved win, we spoke with Mr. Rand Hashem, the Managing Director at the firm, to find out more about their drive to create a paradigm shift in the finance and banking industries.

With their sights firmly set on revolutionising current best practices in the banking and finance sectors, Pio-Tech has aimed to make vast changes in an industry which has, perhaps unfairly, garnered a reputation for rigidity. Yet, everything they have done over their sixteen-year history points in the right direction – this is a firm that is confident in its expertise and knows what it has to do to bring real, observable differences to global financial markets. More than that, they have strategically partnered with leading IT corporations to ensure that they remain at the very cutting edge of technological developments, helping them to seize the latest opportunities to add value to their clients and their business operations.

In many ways, Pio-Tech has made it almost seem easy, but, as Rand reveals, every success has been due to the firm’s expert leadership and gifted team. Throughout it all, the pursuit of innovation remains the cornerstone of the firm’s work – its lifeblood. “At Pio-Tech, innovation is not just another word, it’s part of our organisational heritage a journey that began in 2003 with a small team that is talented and dedicated to the finance and banking sectors. Our main goal was to develop ready-to-use solutions to enhance banks’ business decisions, increase business continuity while increasing employees’ productivity. We have started with two main products Bank-BI® and Bank-BPM® and through the years we expanded our operations and services in many countries around the world specifically, Middle East, Africa, and parts of Asia. This made our products the main flash-flags in the banking industry.”

Specialising in three main areas of banking; information and performance management; banking process management; and customer engagement, Pio-Tech have cornered the market on vertical solutions that help their clients better understand their own business and understand their client base in ways that have not previously been possible. “Our main flagship products are certified by Oracle, SAP, and Microsoft with the ability to meet customer setup preferences whether on premises or on the cloud. The Bank-BI® and Bank-BPM® cover these three pillars fully and are already integrated with most of the international core banking solutions in addition to social media, payment gateways, and international rating agencies.”

“Since the beginning, Pio-Tech has been pointing to three main matters first: Pio-Tech’s largest investment goes to persistent research and development to maintain a leading position among banking solution providers. In addition, we focus on building long-lasting partnerships with our customers. Fundamentally, we believe that building transparent and trusting relationships with our customers help them to achieve their strategic goals throughout the years. Equally, through the continuous evolution of our products to accommodate the latest technological trends in the financial industry provides our clients with the ability to distinguish themselves from their peers and competitors through enhanced services, better customer engagement, and streamlined operations.”

The conversation soon turns to the region in which Pio-Tech primarily operates. The Middle East has always had a reputation for swift technological advancements and adoption, as they look to bolster their incredible industrial growth. Africa has recently started to follow in their neighbors’ footsteps on the back of direct investment in techinfrastructure. Booming economies aside, the continent has become a hotbed of innovation and evolution. Pio-Tech’s home of Jordan is no different, as they look to create a commercial stronghold and rise up onto the world stage as a true goliath on the greater business landscape. Rand takes a moment to discuss Jordan’s importance in greater detail: “Other than being a commercial hub in the region with strong, corporative relations with its neighbors’ and international business community, Jordan is also a country of opportunity. It has 23% of MENA’s Tech entrepreneurs, according to the World Economic Forum and climbed eleven spots in the 2018 World Digital Competitiveness index, with 22% of graduates being hired in the ICT sector.”

Evoking these qualities, Pio-Tech has thrived on the back of a company culture that encourages collaboration and creativity. “We empower our employees to deliver solutions fit for the proactive digital age. At Pio-Tech, we put the pioneers at the forefront of innovation where they collaborate with each other to manage local and regional projects with a strong track record of end-to-end delivery of complex projects.”

Despite working with top-tier financial establishments, it is important to frame Pio-Tech’s achievements within the scope of their own industry. In this, they have impressed with a dedication to staying at the forefront of a sector that never stops moving forward, as leading tech firms the world over constantly search for the next big development. By all considerations, Pio-Tech has remained utterly relevant due to the work of their research and development teams, as Rand explains in more detail. “As our strategic focus is to help our customers build insights around their data to deliver better products and services to their customers – as well as comply with regulatory requirements – the R&D department captures most of our attention and receive a remarkable percentage of our annual investment. We carry out persistent research and development initiatives to enhance products and launch new ones, primarily through launching new R&D centers (our latest was in Nairobi in 2018) and signing cooperation agreements with local universities to sponsor student innovation projects.”

Yet, the wheel continues to move forward, and technology continues to improve, adapt, and evolve. Artificial intelligence and machine learning threaten to revolutionise the way that banks conduct their business and interact with customers. For Pio-Tech, innovation again remains the backbone of their efforts, as they seek to best utilise these new tools to strengthen their considerable arsenal. “At the end of the day, Pio-Tech is a next-generation global technology company that helps banks reimagine their business for the digital age. With the take-off of business intelligence technologies such as; Artificial Intelligence, Big Data, Block Chain and Machine Learning, we have learned to constantly evaluate our technology’s worthiness, building solid platforms to empower banks towards acceleration. In addition, we are determined to adopt best of breed technologies and follow regulations and trends to build banking solutions that are business focused in areas such as analytics, performance management, process automation, and robotic technologies. Finally, we have designed new platforms for banks that can help them attract and target new customers and develop new products that cover all their customers’ needs with the lowest cost to investment ratio.” Ultimately, Pio-Tech is adept at constantly evaluating their products and solutions against what is available on the market. They know that their customers expect the best, and they are determined to deliver it.

Finally, Rand discusses Pio-Tech’s future as they look to expand into new markets: “New markets are a priority on our roadmap. Currently, we are working on a market penetration-based strategy to increase market share in Africa and Eastern Europe. This expansion involves establishing new subsidiary companies, expanding our partners’ ecosystem and signing strategic alliances and partnerships with well known international solutions and technology providers.”

Pio-Tech sponsors IFINTEC Finance Technologies Conference & Exhibition

2020-07-26T13:40:37+00:0021st, April 2019|

IFINTEC Finance Technologies Conference & Exhibition focused on the Retail Banking, Digital Banking, Core Banking, Payment Systems, Banking Technologies, Banking IT Solutions, Digital Transformation and Finance Technologies. It is considered to be a perfect platform to introduce and demonstrate banking solutions and finance technology solutions including system, hardware, software, consultancy, training and service which are developed for banks and financial institutions.

Pio-Tech took part in the conference which witnessed the attendance of visitors from many countries across the region, and speakers who shared their experiences, future forecasts and new developments in the technology, as they proclaimed that “Such technological advancements identify market differentiation and warrant the business continuity of any bank.

” Mr. Jamal Dweik, the Associate Director at Pio-Tech, presented a keynote speech titled “A Platform for Compliance and Advanced Analytics” where three main ideas were discussed; 1) governing the quality of data 2) building an information platform to serve compliance and securely offer the bank’s products and services to the outside world and 3) explaining the roadmap from traditional BI to advanced and predictive analytics by sampling “AI-supported” Next-Best-Offer (NBO) and Analytical Chatbots.

The speech illustrated a number of other ML-aided analytics; such as, Customer Churn, Segmentation, Sentiment Analysis, Life Time Value and other use cases.

Pio-Tech, with its long history of serving the banking industry, was approached by a number of representatives from local and regional banks at the event that reflected on their interest in such mission-critical technological advancements.

Pio-Tech sponsors FINTECH Innovation & the Future of Banking Services Summit

2020-07-26T13:44:54+00:007th, March 2019|

Dead Sea- Jordan, March 5, 6 2019. Pio-Tech, the leading provider of Banking Business Intelligence and Performance Management solutions in the Middle East and Africa, served as the main sponsor of FinTech Innovations & the Future of Banking Services Summit, organized by Union of Arab Banks, and was held in the Kempinski Hotel, Dead Sea – Jordan.

FinTech Innovations & the Future of Banking Services Summit, featured the role of governments, central banks, and regulatory – supervisory authorities in safeguarding economic and financial stability. Through regulating FinTech business activities and mitigating any subsequent systemic idiosyncratic risk that may raise from upsurge of financial technology.

Pio-Tech took part in the Summit and witnessed the attendance of banking and IT experts in the Arab region and Palestine, to discuss the future of traditional financial services in light of thriving FinTech innovations, by focusing on recent developments in the FinTech sector, the factors fueling its growth in the Arab region, and its crucial role in promoting financial inclusion, through exploring FinTech business models, products, and services. In addition to examining FinTech startups and their interconnected relationships with other banks & financial institutions.

Mr. Mohammad Jallad the Channels and Partner Manager at Pio-Tech presented a keynote speech on “FinTech Implications on the Economic Stability” in which he discussed the opportunities that Fintech can bring to the banking echo system, and at the same time; the need for central banks and regulatory – supervisory authorities to create regulations and regulatory frameworks to ensure utilizing Fintech while eliminating any risks, and the great impact of FinTech implying new technologies in strengthening the role of supervision and monitoring in the banking sector.

 

About Pio-Tech

Pio-Tech has long crowned the market as a pioneering system integrator and business solutions provider, backed by history of proven innovative results and dedicated team of consultants with futuristic vision. Through its wide array of solutions, Pio-Tech has helped myriad financial institutions to better understand their business and bond with their customers, and ultimately, to steer their operations towards attaining excellence in performance.

 

Omdurman National Bank-Sudan successfully deploys Bank-BI® AML from Pio-Tech

2020-07-26T13:28:56+00:003rd, March 2019|

Amman Feb 2019. Pio-Tech the leading provider of Banking Business Intelligence and Performance Management Solutions in the Middle East and Africa announces the successful completion of Bank-BI® AML project, which went live recently at Omdurman National Bank – Sudan.

By launching the Pio-Tech Bank-BI® AML (Anti-Money-Laundering Compliance Solution) the bank will be able to analyze, predict and track risks of any suspicious money-laundering transaction according to international rules and regulations. In addition, the system will automate a lot of the compliance team manual activities, enabling efficient due diligence process and better decision making. The solution will ensure that the bank is fully compliant with international AML compliance requirements.

The Director of Compliance at Omdurman National Bank, Dr. Ayman Mohammed Al Ameen Abdullah, said “The solution is in line with local, regional and international requirements, in terms of combating money laundering and funding terrorism. Our Bank will benefit from this solution in building its relationship with customers while providing the necessary time and effort to manage it according to the standards and controls universally recognized”

About Omdurman National Bank

It is one of the leading Sudanese banks that provides wide scope of corporate and retail banking services in Sudan. Including saving, current, deposit and investment accounts; local, and foreign transfers; mobile banking, electronic, points of sales, and electronic payment services. The bank was founded in 1993 and is based in Omdurman, Sudan with branches in Port-Sudan, Algdarif, Alobiyd, Sennar, Aldmazeen, Niyala, and Attbraa.

About Pio-Tech

Pio-Tech is the leading provider of integrated banking solutions and systems in the Middle East and Africa. The company is always aiming to keep abreast of all the developments in the information technology sector, which is the focus of its customers’ attention and provides its best services to banks and commercial facilities companies.

Pio-Tech sponsors the Africa BFSI Innovation Summit 2019

2020-07-26T13:50:45+00:0021st, February 2019|

Nairobi, Kenya Feb 19-20, 2019. Pio-Tech, the leading provider of Banking Business Intelligence and Performance Management solutions in the Middle East and Africa, served as main sponsor of the Africa BFSI innovation summit that was organized by Trade Pass events. The summit focused on the new business models in the BFSI sector, emerging in response to challenges including low levels of banking penetration, heavy use of cash, sparse credit bureau coverage, limited branch and ATM networks.  The summit, was held in the Movenpick Hotel & Residences, Nairobi, kenya.

The Africa BFSI innovation summit, provided a variety of learning formats from keynote presentations, panel discussions, fireside chats and exclusive networking that lead to meaningful business connections throughout Africa.

Pio-Tech took part in the conference and witnessed the attendance of the top CIOs, CISOs, CTOs, Heads of IT, ICT, Risk, Compliance, Retail Banking, Customer Experience, Analytics from banks, Micro-Finance, Credit Unions & Insurance companies across East Africa.

 

About Pio-Tech

Pio-Tech has long crowned the market as a pioneering system integrator and business solutions provider, backed by history of proven innovative results and dedicated team of consultants with futuristic vision. Through its wide array of solutions, Pio-Tech has helped myriad financial institutions to better understand their business and bond with their customers, and ultimately, to steer their operations towards attaining excellence in performance.

Al Rajhi Bank-Kuwait successfully deploys Bank-BI® Data Warehouse, BI & Compliance

2020-07-26T13:50:59+00:005th, February 2019|

Al Rajhi Bank-Kuwait successfully deploys Bank-BI® Data Warehouse, BI and Compliance platform from Pio-Tech

3rd Feb 2019- Amman. Pio-Tech the leading provider of Banking Business Intelligence and Performance Management Solutions in the Middle East and Africa announced the successful completion of Bank-BI® DWH project, which went live recently at AL Rajhi Bank – Kuwait.

Al Rajhi Bank, is the largest Islamic Banking group in the world. it is recognized for being an instrumental financial institution bridging the gap between modern financial demands and intrinsic Islamic values. One of the fastest growing and most progressive banks in the region, it owns its banking excellence to its unwavering commitment to Sahriah principles and the user of technology to offer diverse products to meet customer needs.

The bank approached Pio-Tech to implement Bank-BI® DWH Solution in its efforts to advance its technology infrastructure, enhance the decision-making process and comply with the Central Bank of Kuwait reporting requirements with high efficiency. By launching the solution; Al Rajhi Bank will give users huge flexibility to access and analyze the needed information for better day to day operation and enhanced decision making. In addition, the bank will be able to increase productivity, meet regulators requirements on time, and satisfy the needs of various customer segment.

About Pio-Tech

Pio-Tech is the leading provider of integrated banking solutions and systems in the Middle East and Africa. The company is always aiming to keep abreast of all the developments in the information technology sector, which is the focus of its customers’ attention and provides its best services to banks and commercial facilities companies.

 

Pio-Tech sponsors the combating financial crimes compliance forum

2020-12-22T11:52:54+00:003rd, February 2019|

Under the Patronage of the Governor of the Central Bank of Jordan H.E. Dr. Ziad Fariz

Pio-Tech Sponsors the Combating Financial Crimes Compliance with Evolving Global AML/CFT Standards Forum.

Amman, Jordan Jan. 29-30, 2019. Pio-Tech, the leading provider of Banking Business Intelligence and Performance Management solutions in the Middle East and Africa, served as the main sponsor of the Combating Financial Crimes Compliance Forum that was organized by Union of Arab Banks. The forum featured the Jordanian AML/CFT experience and the holistic measures taken to combat money laundering and terrorist financing, mitigate associated risks. Furthermore, the forum discussed the future of correspondent banking in a changing regulatory environment, as well as the role of regulatory authorities and central banks in issuing guidelines that help banks comply with international AML/CFT standards and deal with sanctions imposed on non-compliant banks.

The Combating Financial Compliance forum focused on the developments of Combating money laundering and financing of terrorism, and the need to comply with the international standards in this field. The forum was held in the Intercontinental Hotel, Amman, Jordan.

 

Pio-Tech took part in the conference and witnessed the attendance of AML/CFT experts in the Arab region, mainly to discuss the latest developments and challenges facing Arab banks and financial institutions in the implementation of laws against money laundering and terrorist financing, including compliance challenges, sanctions, and correspondent banking relationships, FATF amendments, and AML/CFT risks emanating from FinTech innovations.

Mr. Jamal Dweik the Associate Director at Pio-Tech presented a keynote speech on “building an information platform that positively affects compliance, the use of technology tools and utilities to govern the quality of data. Finally, having an information platform that both safeguards the bank’s internal data sources and presents that bank’s services and products to the outside world.

About Pio-Tech

Pio-Tech has long crowned the market as a pioneering system integrator and business solutions provider, backed by a history of proven innovative results and dedicated team of consultants with a futuristic vision. Through its wide array of solutions, Pio-Tech has helped myriad financial institutions to better understand their business and bond with their customers, and ultimately, to steer their operations towards attaining excellence in performance.

AlBaraka Bank-Sudan successfully deploys Bank-BI® AML solution from Pio-Tech

2020-07-26T13:54:25+00:001st, February 2019|

Feb 2019-Amman. Pio-Tech the leading provider of Banking Business Intelligence and Performance Management Solutions in the Middle East and Africa announces the successful completion of Bank-BI® AML project, which went live recently at AlBaraka Bank – Sudan.

By launching the Pio-Tech Bank-BI® AML (Anti-Money-Laundering Compliance Solution) the bank will be able to analyze, predict and track risks of any suspicious money-laundering transaction according to international rules and regulations. In addition, the system will automate a lot of the compliance team manual activities, enabling efficient due diligence process and better decision making. The solution will ensure that the bank is fully compliant with international AML compliance requirements.
The Compliance Officer at AlBaraka Bank, Mr. Yasser Al-Rih Nemer, said that ” the AML system is one of the most important tools of the second line of defense in the prevention of money laundering and terrorist financing risks. It can also meet its obligations to the global and local regulatory environment, and commitment to the Bank”

About AlBaraka Bank Sudan
Occupied a leading position in the field of improving Islamic financial and banking services in Sudan, by constantly enhancing the service standards, besides being the pioneer in the area of electronic banking services and business re-engineering. Al Baraka Bank Sudan is the first bank to introduce electronic signatures, magnetic Cheques, connected its branches together by a network. Moreover, Al Baraka Bank Sudan was the first bank to introduce the Universal Teller concept in Sudan to establish a centralized operation processing Dept as a result of a complete business re-engineering.

About Pio-Tech 
Pio-Tech is a system integrator and business solutions’ provider that has become, since conception in 2003, an innovation hub that advocates digitization and futurism across the Middle East and Africa regions.

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