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Yomo secures preliminary banking license in Egypt
Jumo, the digital banking services platform supported by Commercial International Bank (CIB), has received preliminary approval from the Central Bank of Egypt to establish a new digital bank in Egypt. Jumo aims to provide simple and streamlined banking services using artificial intelligence technologies, with a focus on meeting customers' needs in money management, savings, and supporting small business owners. This step is part of broader efforts to develop Egypt's digital financial sector, aiming to boost innovation and trust in banking services, while completing operational requirements ahead of the official launch.
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