CIB-backed digital banking platform, yomo, set to make managing money simpler, more accessible and more empowering for millions of Egyptians at home and abroad
CAIRO, Aug. 20, 2026 /PRNewswire/ -- Commercial International Bank – Egypt (CIB) announces that the Bank received today preliminary approval from the Central Bank of Egypt to establish yomo digital bank, in line with Egypt's digital banks' framework introduced in 2023. This marks an important milestone in the evolution of Egypt's banking sector – one in which a new generation of digitally native banks enables banking to become simpler, more intuitive and more accessible for millions of people, whether they are managing everyday finances, saving for the future or building businesses that drive economic growth across Egypt.
Backed by CIB's strength, governance and fifty years of banking excellence, yomo aims to combine the trust of Egypt's leading private-sector bank with the speed, accessibility and customer relevance of a digitally born bank. The approval enables yomo to enter the next phase of operational, technological and customer readiness ahead of the launch of its services, subject to regulatory approval.
Hisham Ezz Al-Arab, Group Chief Executive of CIB, said: "I believe strongly in the commercial opportunity the launch of yomo offers to CIB's shareholders as part of our already announced five-year strategy and CIB's ambition in supporting the launch of yomo is to make it easier for Egyptians everywhere to experience a fully digital banking experience. Egypt's banking industry is poised to benefit from the increased growth opportunities we are seeing across the mass consumer and small and micro business segments, and the yomo digital banking platform places CIB at the centre of that opportunity".
Digitally native AI banking is reshaping financial services around the world by removing complexity, increasing accessibility and giving customers greater control over their financial lives. Customers increasingly expect banking to be simple, intelligent and available wherever they are. They want financial services that work around their lives, not the other way around. Built as a digitally native bank - not a traditional bank delivered through a mobile application - yomo has been designed from the ground up, building on Egypt's existing banking regulations, to satisfy the evolving expectations, lifestyles and ambitions of customers in Egypt.
Rashwan Hammady, newly appointed CEO of yomo, added: "Securing our initial licence is a defining milestone, but it is the beginning of the journey, not the destination. We are building a bank that respects people's time, speaks their language and helps them move forward with greater confidence and control. Our ambition is to set a new benchmark for digital banking in Egypt by combining simple and intuitive experiences with intelligent support that helps customers make better financial decisions. We look forward to revealing much more about the yomo brand and the experience we are creating later this year."
Today's announcement marks the beginning of a new ambition: to help shape the future of banking in Egypt through innovation, trust and technology, while making banking more accessible, more relevant and more empowering for the next generation of customers. Following receipt of its initial licence, yomo will continue the final stages of operational readiness, including technology validation, cybersecurity testing, regulatory compliance, customer journey optimisation and operational resilience before launch.
About CIB:
Commercial International Bank - Egypt (CIB) is Egypt's leading private-sector bank and one of the country's most valuable financial institutions. For over 50 years, CIB has played a pivotal role in supporting Egypt's economic growth by delivering innovative banking, financial and advisory solutions to individuals, businesses and institutions.
For media inquiries, please contact:
OMC
Yehia Issa
Email: yehia.issa@omc.com
Mobile: +971 55 267 0405
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yomo Secures Initial Banking Licence, Ready to Lead Egypt's Digital Banking Evolution
New developer platform connects AI applications to Binance trading, market data, wallets, payments and on-chain tools across crypto and traditional markets
ABU DHABI, UAE, Aug. 20, 2026 /PRNewswire/ -- Binance today introduced Agent OS, a developer platform and standardized access layer connecting AI applications to Binance's trading, market data, wallet, payment and on-chain capabilities across crypto and traditional markets.
Built as part of Binance Intelligence, the largest cryptocurrency exchange's strategic initiative for AI-powered products and experiences, Agent OS gives AI builders, fintech developers and quantitative trading teams a controlled foundation for creating applications and agents that interact with Binance's financial infrastructure. The platform supports both ready-made integrations and users' own AI agents.
Through supported AI tools, such as ChatGPT, Claude Code, Codex and Cursor, users can authorize agents to access market data, view account information and perform supported trading activities, subject to the permissions and limits they configure. Users can also assign each agent to a dedicated subaccount to segregate funds and trading activity.
"Binance Agent OS addresses the fragmentation developers face when building agentic finance applications across crypto and traditional markets," said Jeff Li, VP of Product at Binance. "It gives everyone from developers to quantitative traders the reliable data, low‑latency infrastructure, and standardized interfaces they need to deploy AI‑driven strategies."
A standardized developer layer
Agent OS brings together Binance APIs, Binance Wallet Agentic Hub, Binance x402 (programmable payments), Binance Skill Hub and newly introduced support for the Model Context Protocol (MCP). Together, these capabilities give developers the components they need to build connected financial applications and AI agents.
MCP is an open standard that enables compatible AI applications to connect to and use external tools. Its integration into Agent OS gives developers and partners a standardized way to connect their applications and agents to Binance, reducing the need to create separate integrations for each product or use case.
User-controlled access
Binance's initial MCP implementation lets compatible AI applications access market data, view read-only account information and place trades. Through the MCP server, users can assign an agent to a dedicated subaccount, configure its permissions, and revoke access at any time.
Agents can view balances, portfolio information and transaction history of a designated subaccount, as well as balance and portfolio information for the user's main account. They cannot access non-trading personal account information, including email address or KYC data.
Binance monitors and applies applicable controls to trading activity initiated through the platform, including the resulting orders. The agent's external information sources, interpretation and decision-making are managed within the user's selected AI application and are not visible to Binance.
Find out more about Agent OS here: https://binance.com/agent-os
Compatible clients that support MCP over Streamable HTTP can connect using:
https://agent.binance.com/mcp/agentic
Detailed setup instructions are available in the Binance MCP Server documentation:
https://developers.binance.com/en/docs/agent-native/mcp-server
Disclaimer: Your use of Binance AI, including any Binance AI Service, is at your own risk. It is provided to you on an "as is" and "as available" basis, without representation or warranty of any kind. You are solely responsible for all of your Prompts. Prompts may be used for training purposes. AI Inputs may include various unvetted third party sourced content. Any sourced content is provided "as is" without any guarantee. Binance may restrict or alter sourced content based on various compliance safety filters, however this is not absolute. Binance does not endorse or guarantee any AI Outputs. AI Outputs may include or reflect content, positions, views and opinions of third parties unknown to Binance, which may also include errors, biases, synthetic data and or outdated information. Any AI Output should not be solely relied on for decision making. AI Outputs do not constitute any kind of advice by Binance nor any other intermediary services. Binance AI may use or make available third party AI Tools without any guarantee and subject to third party terms. Where AI Tools are configured by yourself or a third-party, you indemnify Binance against all liability. Binance does not guarantee any AI Tools. Binance AI may respond to your requests, but without any guarantee that your request will be fulfilled satisfactorily or at all. Digital asset prices can be volatile. You are solely responsible for your investment decisions and Binance is not liable for any losses. Digital asset prices can be volatile. DYOR. Use of Binance AI may be subject to additional Binance Product Terms, where applicable. For more information, see our Terms of Use, Risk Warning and AI Policy and Terms.
About Binance
Binance is a leading global blockchain ecosystem behind the world's largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 320 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means. For more information, visit: https://www.binance.com
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Binance Introduces Agent OS to Connect AI Applications to Financial Infrastructure
Binance Introduces Agent OS to Connect AI Applications to Financial Infrastructure
Binance Introduces Agent OS to Connect AI Applications to Financial Infrastructure
