In a landmark step reflecting its commitment to digital innovation and cybersecurity, First Abu Dhabi Bank Misr (FABMISR) has announced the successful launch of the latest Identity and Access Management (IAM) tool, SailPoint IIQ, in partnership with Hemaya Information Technology. This makes FABMISR one of the first banks in Egypt to deploy such an advanced system, fully aligned with the Central Bank of Egypt’s Cybersecurity Framework.
The new IAM solution strengthens identity governance, enhances access security, and introduces automation to access rights management, setting a new standard for digital governance in Egypt’s banking sector.
A Milestone in Cybersecurity and Digital Governance
The initiative was achieved through strong collaboration between FABMISR’s technology leadership and Hemaya IT, with key figures including Bassel Kelada, COO of FABMISR, Mohamed Lasheen, Head of COO Business Management, and Ahmed El Sharkasy, Head of Identity and Applications Parameters Management.
The implementation is planned in two phases. The first phase has already integrated five core banking applications, while the second phase will extend to five additional systems. This structured rollout provides a more secure digital work environment and enhances protection of customer data against evolving cyber threats.
CEO Perspectives on Secure Digital Transformation
Commenting on the launch, Mohamed Abbas Fayed, CEO and Managing Director of FABMISR, said:
“The deployment of the IAM tool with our partner Hemaya IT is a major milestone in FABMISR’s secure digital transformation journey. Automating the access review process for more than 3,200 employees significantly strengthens governance, streamlines compliance, and reinforces our clients’ trust in the digital platforms we provide.”
From Hemaya’s side, Gen. Saeed Ibrahim, CEO of Hemaya IT, emphasized the importance of the collaboration:
“This initiative enhances the security of financial transactions and aligns Egypt’s banking sector with global cybersecurity standards. With over 85% of Egypt’s banks relying on our expertise and our partnerships with 60+ global providers, Hemaya is proud to lead such transformative projects.”
Reinforcing Egypt’s Position in Digital Banking
This achievement is part of FABMISR’s three-year strategic roadmap to fully integrate its IAM ecosystem. It reflects the bank’s commitment to innovation, operational excellence, and digital trust, placing FABMISR among the leading banks in Egypt advancing cybersecurity and governance solutions.
By adopting cutting-edge tools and strategic partnerships, FABMISR continues to deliver a secure digital banking experience that meets global standards while adapting to the evolving needs of its clients.
