Ahmed El Hefnawy serves as the Chief Business Services Officer at Buna, where responsibilities include designing a comprehensive payments development system that enhances cross-border transfer capabilities. With over two decades of experience in the banking and payments sector, previous roles include Deputy General Manager at the National Bank of Egypt, where strategic initiatives improved payment services, and various managerial positions at CIT Global, Universal Payment Services, and Bank Al Jazira, overseeing electronic banking and payment migration projects. Ahmed's educational background encompasses an Executive Leadership Certificate and a graduate degree in Banking from the University of Wisconsin-Madison, an MBA in Marketing Management, and a BSc in Communications & Electronics Engineering.
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Buna (The Arab Regional Payments Clearing and Settlement Organization)
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Buna, The Arab Regional Payments Clearing and Settlement Organization, is a centralized cross-border payment system owned by the Arab Monetary Fund. It aims at enabling financial institutions and central banks in the Arab region and beyond to send and receive cross-border payments in local and international currencies in a safe, cost-effective, risk-controlled and transparent environment. Buna offers to its participants modern payment solutions that comply with international requirements against financial crime and adhere to the highest standards of information security and data protection. Buna contributes to strengthening the opportunities for economic and financial integration in the Arab region and supporting investment ties with the global trading partners. Buna welcomes the inclusion of all banks that meet the criteria and conditions for participation, primarily the standards and procedures of compliance aspects.