Attijariwafa bank plans to inject 1.16 billion dirhams this year for its development plan, a large part of which is intended for the acceleration of technological investments and in digital transformation. Moreover, the group mobilizes 690 million DH in IT and electronic banking, i.e. practically double the envelope dedicated to these two areas in 2021.
Attijariwafa bank is offering itself a robust investment program for 2022. The leading Moroccan banking group plans to bet 1.16 billion dirhams this year for its development plan, a large part of which is intended to accelerate investments in technology and in digital transformation. Thus, Attijariwafa bank intends to mobilize 640 million dirhams in IT and 50 million in electronic banking, i.e. practically double the envelope dedicated to these two areas in 2021. The information system overhaul and urbanization program is one of the bank’s major strategic projects initiated since the launch of “Energies 2020”. Its deployment is now part of the new strategic plan called “@mbitions 2025”. This ambitious plan takes into account the current context marked by profound changes on a global and national scale, in particular the accelerated evolution of societies and customer expectations, the acceleration of technological breakthroughs, the upheaval in working methods as well as the exponential development of cyber crime.
@ambitions 2025 was built around 3 major ambitions, including the “consolidation of the construction of a relational and citizen bank of reference, innovative, agile, competitive and taking advantage of digital transformation, Big-Data as well as synergies between all the components of the group”. Added to this is the pursuit of alignment with the best international standards in terms of operational efficiency, risk management and compliance, thus ensuring healthy and sustainable growth. This is in order to strengthen the position of Attijariwafa bank as a leading African banking and financial group.
The consolidation of investments in technology and in the information system falls within this framework. Moreover, it is thanks to the acceleration of its digital transformation and the robustness of its technological fundamentals that the group has been able to meet the challenges of 2020. According to the bank, in the face of the pandemic, the group has, in fact, proved its ability to switch very quickly to the digital uses induced by health precautionary measures, whether for its customers or its employees. In 2021, Attijariwafa bank invested nearly 360 million dirhams in IT and electronic banking. Last year was marked, among other things, by the implementation of the Murex software intended to measure and quantify market risks as well as counterparty risk on the various trading room products. It also saw the development of a conceptual model for optimal management of country risks, with an extension of the system to foreign subsidiaries according to a progressive approach. An IT backup plan (PSI) has also been launched, which defines solutions, in particular the recovery strategy, the backup resources adopted and the operating methods for IT and telecom recovery.