In our series about "Transformation", this first publication describes what is transformation and what are its main triggers.

One of the most striking differences between banking in Europe and in Egypt is cash management. Withdrawals and deposits of cash are the dominant operations in the Egyptian banking branches. It is frequent to meet customers with big bags of money in or out of banking branches. In Europe, anti-money laundering laws and electronic payments popularity made large cash operations extremely rare. The diffusion of online banking tools and features made banking branches empty except

I remember few years ago, I was arguing with a friend about Amazon’s strategy and whether it was wise to invest all its available cash flow to increase its market share. The main disagreement was about when is the right time for Jeff Bezos to cash the fruits of his success. For me, Bezos had already more money than he could ever spend, so why not pursue his strategy to make history. Last year, he passed ahead of Bill Gates as the richest man on earth and as it may seem as a c