Egypt, Entrepreneurship

TEMENOS to announce Fintech Innovation Jam for MENA Start-ups at RiseUp Summit 2015

Temenos, global leader in banking solutions, has announced that Fintech companies and start-ups from Egypt and the Middle East region…

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Temenos, global leader in banking solutions, has announced that Fintech companies and start-ups from Egypt and the Middle East region will get the opportunity to demo their products and solutions to the world’s largest financial institutions, through the Temenos Fintech Innovation Jam. Speaking at the Riseup Entrepreneurship Summit 2015, which takes place in Cairo from 12th – 13th December, Aaron Phethean, MarketPlace Director at Temenos, will reveal how this initiative is set to transform the Fintech ecosystem for the region.

“Innovation is at the heart of everything we do at Temenos,” Phethean said. “We are passionate about the exciting current and future developments in financial services software, and we see a huge opportunity for start-ups from the region to expose their products and solutions through our platform, giving them access to over 2000 financial institutions that serve 500 million banking customers through our customer base and through the MarketPlace app-store.”

Following the success of the inaugural Innovation Jam at TCF (Temenos Community Forum) 2015 in Istanbul, Temenos has now taken the event global with a series of regional Innovation Jams to showcase the latest impressive demos of financial software to banking institutions.
The four international events, with industry expert speakers will be held at exclusive venues around the world:

Each event will include demos from Temenos and its partners with the main emphasis being on innovations from the wider Fintech community though the participation of startups. Fintech organizations can register to get a demo slot (subject to the rules of entry) and get the chance to win a place in the final at the Global Jam taking place at the upcoming TCF in Barcelona, in May 2016.
Each demo will last for 7 minutes and the audience will vote to choose three winners at the end of each event.
Aaron Phethean will be speaking more about the Temenos Fintech Innovation Jam and the Temenos MarketPlace at the Third Annual RiseUp Entrepreneurship Summit on Sunday, December 13th at 12:00pm in the Library of The GrEEK Campus.

About Temenos //
Temenos Group AG (SIX: TEMN), headquartered in Geneva, is a market leading software provider, partnering with banks and other financial institutions to transform their businesses and stay ahead of a changing marketplace. Over 2,000 firms across the globe, including 38 of the top 50 banks, rely on Temenos to process the daily transactions of more than 500 million banking customers. Temenos customers are proven to be more profitable than their peers: in the period 2008-2012, they enjoyed on average a 32% higher return on assets, a 42% higher return on equity and an 8.1 percentage point lower cost/income ratio than banks running legacy applications.

For more information:

Nihal Abu Ghattas
Regional Marketing Manager, Middle East & Africa

Temenos
nghattas@temenos.com

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Entrepreneurship, Featured Stories, Knowledge Base, Recommended Stories

When and how to start outsourcing your business?

There is a reason why freelancing and outsourcing is becoming a popular trend with many international companies. With a tough…

There is a reason why freelancing and outsourcing is becoming a popular trend with many international companies. With a tough local and international economy, companies have to do what it takes to maintain a steady profit, and find ways to reduce costs.

Outsourcing is becoming a big trend in many industries, due to its many advantages and low costs.

For small and big businesses alike, there comes a time when a decision must be made. Do you build a new team or primary service, buy certain tools or do you outsource for a short time?

That is another way that outsourcing can help.

 

So, when should you start considering to outsource?

Do you procrastinate when faced with a particular task?

Is it a one-time task? Is it a primary service that your business offers, or something for a specific client or project?

Is it a once a month task? Such as Legal duties, or financial accounting?

Are you still saving up for an expansion? Could you afford an expansion for this task?

Is it a non-essential function of your business?

If you’ve answered all by one of those as yes, then that is when you should be outsourcing.

A definition for outsourcing is “the strategic use of outside resources to perform activities traditionally handled by internal staff and resources.”

The reason is simple, because it can be advantageous most of the time.

Your business is saving money, effort, time and energy, making it more efficient on that tasks that truly matter.

 

Why should a business outsource?

So, you know when you should be looking into it, or maybe you’re interested.

The thought still lingers in your mind, it might be a good idea but why should I?

There are many things that you can consider that could make outsourcing a great opportunity for your business.

 

1. Employee costs and non-productive hours

Office space, cafeteria benefits, hospital visits, insurance, and lunch breaks are things that cost the company profit per full-time employee.

These are also things you can save on when outsourcing.

These make a full-time employee more than twice as expensive as a short offer for a freelancer.

 

2. Efficiency

Freelancers and outsourcing give you a special opportunity, an opportunity to capture and use talented people that you may not have been able to afford otherwise.

Talented graphic designers, high-end lawyers, highly-organized accountants, and smart assistants can be found as freelancers, and at a lower-price than full-timers.

They tend to be more efficient as they have stricter deadlines than full-timers, and may be able to do the job better than you or any other current employee.

 

3. Frees up internal resources

Getting freelancers doesn’t only work as a way to do unrelated or menial tasks, they also function as a way to lift weight off of your shoulders.

Using a content marketing freelancer to prepare content calendars, or receiving content from freelance content creators, can help free up internal resources.

Freeing you and your employees up for other important tasks, tasks that they can handle more efficiently with less of a work load.

 

What are you waiting for?

As you can see, outsourcing could be a very beneficial strategy for you and your business.

It does come with its own issues, such as communication and delivery of work, but if you plan it right, it will help you and your business thrive.

So, what are you waiting for?

Have another reason why outsourcing won’t be a part of your business strategy? Let us know in the comments below.

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Egypt, Featured Stories

#Lovely Campaign: 70 years of Egyptian cinema, music, and Pepsi

For over 70 years, Egyptian cinema has been the Hollywood of the Middle East. For decades, Egyptian music has been…

For over 70 years, Egyptian cinema has been the Hollywood of the Middle East. For decades, Egyptian music has been blasted through countless streets, and concerts filled to the brim.

For over 70 years, Pepsi was there to see it all. That is the premise of Pepsi’s newest ad, Lovely.

Pepsi’s newest campaign aims to remind us of its long-lasting presence in the local scene, and how it has constantly evolved to fit with the times and style of each time period.

 

The ad brilliantly moves through the decades, showing off the fashion, film styles and Egyptian music development timeline for the last 70 years.

Moving from classical black and white to Amr Diab-like in the 2000s, to today’s popular festival music videos and dancing styles. Listen to the musical stylings of the mid-1900s, to the 70s bright flower power era to today’s electronically mixed music.

And listen to the different lyrical stylings of each decade.

 

Inspiration

Taking its main music notes and lyrics from the classic Nos Sa’a Zawag (نصف ساعه زواج) 1969, by Samir Sabry and Shadia.

The song, and movie, has been an important classic in Egypt’s cinematic history, with many Egyptians still remembering the well-known movie. Many of us, young and old, still remember the song as well.

This Egyptian musical classic lends its nostalgia and familiar notes to Pepsi, who has tweaked each time period’s music and lyrics according to the appropriate popular music style.

 

Some eagle-eyed viewers may notice the subtle joke Pepsi makes, in which a larger woman attempts to wrestle the attention of the secondary male, a scene stealer in the original movie scene.

 

Continuation

Pepsi seems to be preparing a series of videos to compliment the campaign, each showing a specific era’s lifestyle and Pepsi can design.

So far, the soft drink manufacturer has only released its first video, focusing on the mid-1900s.

Although Pepsi has used Nostalgia as a long-running strategy over the many decades its been in the industry, it continues to defy over usage of the theme and keep engaging audiences.

What do you think of Pepi’s newest campaign?

Is it a hit or miss?

Let us know in the comments below.

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Brand Activation, Egypt

Meet first Egypt-made smartphone NILE X

Egypt’s Ministry of Communication and Information Technology has unveiled today the specifications of the first Egypt-made, Nile X, smartphone at…

Egypt’s Ministry of Communication and Information Technology has unveiled today the specifications of the first Egypt-made, Nile X, smartphone at Cairo ICT 2017.

Manufactured by the Ministry of Communication-affiliated SICO Technology, the smart phone was made with 400 million Egyptian pounds in investment in the company’s factory in Assiut.

Having five production lines spread over 4,520 square meters, the factory has a capacity of producing 1.8 million devices per year.

The telephone was presented by the Egyptian Minister of Communications, Engineer Yasser Al-Qadi, to President Abdul Fattah Al-Sisi, the first of four lines of production.

NILE X Specifications

The First Egyptian Made Cell Phone is an Octa Core CPU Dual Camera 4GB RAM, 64 GB storage, 5.7 HD display, Android 7.0 Nougat.

The new smartphone name is Nile X to be launched with 4G technology, fast charging feature USB Type-C, 13 mega pixel dual camera and fingerprint sensor.

Expected to be priced at an average starts from LE 2,000 up to LE4200, the foreign component in the device is provided in partnership with China.

NILE X Ambition and Future Plans

SICO Technology aims to capture 5 percent of the Egypt’s mobile market during the first year of production. In addition, SICO mobile phones are now considered to be the first local brand in the industry as the percentage of 58% local component.

Moreover, The company’s technical centers will exist in Cairo, Giza, Alexandria, Assiut, Sharkia and Luxor governorates.

Egypt’s Nile X smartphone, produced by SICO, will be available on the market on December 15, 2017.

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Egypt, Featured Stories, News

Omar Samra & Omar Nour take on world’s toughest row with DHL Egypt

The Ocean. Filled with wonderous unseen spectacles, yet home to some of the deadliest things on Earth such as Great…

The Ocean. Filled with wonderous unseen spectacles, yet home to some of the deadliest things on Earth such as Great White Sharks and lethal Hurricanes. Until now, humans have yet to have fully discovered its hidden treasures, or even completely travel all of its hidden spots.

This December, a two-man Egyptian group is aiming to survive the grueling journey across just one of the world’s oceans, all while competing for first place in the Talisker Whisky Atlantic Challenge.

Throwback ➤ Omar Samra; The first Egyptian to ski to the Geographic South Pole

Famed Egyptian explorer and future astronaut Omar Samra, and Egypt’s first ever professional triathlete Omar Nour, will be taking the reins as Egypt’s first ever entries in the challenge, as well as the Arab region’s.

The pair is set to be the first ever Egyptian and Arab team to complete what is known as the “World’s Toughest Row.”

O2 Prepares for World's Toughest Row

Finally the wait is over 🙂 I'm so excited to share my next challenge with you! On the 12th of December 2017, Omar Nour and I will be attempting the unthinkable… to row across the Atlantic Ocean unsupported for 5000Km enduring 50 foot waves, crazy storms, sleep deprivation and extreme isolation!! Follow our journey here.#TeamO2 #AtlanticChallenge #WorldsToughestRow

Posted by Omar Samra on Tuesday, April 18, 2017

 

The duo will be learning the real effects of team work, achieving under all circumstances, and breaking records during the challenge, all of which are also a part of DHL’s identity.

“Teamwork is key for DHL’s business growth. As we are stronger together than apart, we work together to overcome all challenges and to achieve one goal which is delivering our customers’ shipments across the world in the safest and fastest way.” states Ahmed Elfangary, DHL EXPRESS Egypt’s Country Manager.

Dubbed “Team O2,” both Omars will be roughing it at sea. With the inability to ask for help on issues such food rations and even for repairs, as well as battling sleep depravation and exhaustion, team members have to rely on each other to make it through.

Thank you DHL

Thank you DHL for being a solid and committed partner in our upcoming rowing adventure across the Atlantic Ocean. Your continuous support has made it possible for us to reach the start line in a few days, and represent Egypt and the Arab world in one of the world’s toughest rowing challenges. Omar Nour and myself #TeamO2 look forward to making you proud. .لرعايتكم لمغامرتنا اللي جاية عبر المحيط الآطلسي DHL شكرادعمكم المتواصل ساعدنا للوصول لخط البداية وتمثيل مصر و العالم العربي في واحدة من أصعب مغامرات التجديف في العالم #RowingTheUnkown #TeamO2 #DHL #TWAC2017 #mountains2oceans #AtlanticChallenge

Posted by Omar Samra on Monday, November 27, 2017

“Taking on the world’s toughest row across the Atlantic Ocean is an enormous challenge for both of us and a real opportunity for us to test our mental and physical limits and to grow.

Nothing worth achieving is easy, and through taking on this challenge we hope to inspire people – not necessarily to row an ocean but to believe that anything can be done through passion, perseverance and hard work.

If two people who a year ago had almost never rowed in their entire life can cross an ocean, then anyone can achieve whatever they set their minds to.” Stated Omar Samra.

Throughout the year, the duo has completed 300+ training hours on their boat in preparation for their Atlantic crossing in December.

DHL Egypt, the leading global brand in logistics, has supported Team O2 through its belief in accepting challenges, as well as to inspire other industry leading companies to take initiative in supporting Egyptian athletes.

“When we’re out in the middle of the Atlantic, we only have each other to rely on – but we’re determined, resourceful and ready to push the limits of our potential.

To have a partner like DHL, who believes in the same values that we do – team work, dedication and commitment -makes all the difference to our campaign.” Omar Nour added.

“DHL are the perfect fit to our mission and we are beyond excited to have them as Team O2’s presenting and logistics partner – we truly couldn’t complete the world’s toughest row without them.”

The company also aims to highlight more Egyptian sport athletes internationally through more potential partnerships in other sport categories.

Don’t forget to support our Egyptian team during the race, race starts December 12th

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