Bachir FARAH BADAR

Banking Digital Development (Mobile Wallet, Mobile Internet Banking through ODBX & SmartVista, Cards programs, Acquiring programs...)

• Maintaining successful relationship with International Correspondent Banks & putting in place strategies to onboard new ones.
• Successful shifting of Payment Service Provider from Sinnad Bahrain to IPS Bahrain.
• Visa issuing program successful.
• Mastercard e-commerce acquiring launch successful.
• Waafi Mobile Wallet (former Baraka Wallet that sold to Salaam Group) Go to Market Strategy & Business Plan crafting.
• Waafi Launch Successful.
• Customer & Business metrics monitoring.
• Bank Customer centric Policies & Procedures establishment.
• Central Bank main focal point.
• Financial trade department process & technology enhancement from paper to software based.
• Leveraged Consumer Buy Benefits strategy and increased sales by 15%.
• Developed and implemented favorable pricing structures balancing Bank objectives against customer targets

E-commerce platform project development for Salaam Group

• Business & feasibility studies.
• Business Plan crafting & approval by Group Chairman.
• Established IIBSO legally.
• Platform development supervisory & publishing.
• Logistic Platform establishment (1000sqm racked warehouse in free zone) & system training.
• Managing Team recruitment & training.
• Go to Market & handover to managing team.

International Payment Services B.S.C., Payment Service Provider based in Bahrain & owned by Salaam Group

• Represented IPS in East Africa.
• Devised promotional and advertising plans to enhance product positioning and regional brand marketing development.
• Legally established IPS Djibouti.
• Applied for PSP Central Bank License & followed up until granting.

Ports & Free Zones governing body. And Djibouti Government stakes representative with Great Horn Investments Holding (Financial Arm & solely owned by DPFZA)

• Heading feasibility studies & crafting at inception Financial Plan of:

1) Infrastructures: Djibouti International Free Trade Zone, Tadjourah Port, Ghoubet Port, Djibouti Multi-Purpose Port & Djibouti Damerjog Industrial Development Free Trade Zone.

2) Transports: Air Djibouti, Djibouti National Shipping Line & Red Sea Bunkering

3) Integrated Logistics System: Djibouti Port Community System

• Great Horn Investments Holding accounts consolidation & system framework establishment with EY.
• Monitoring day to day Great Horn Investments Holding portfolios
• Performance & reporting to DPFZA Chairman (direct supervisor) & Board Members.
• Main Finance focal point for different stakeholders (China Merchants Group, Islamic Development Bank, Bank of China, Arab Fund, Trade and Development Bank, Africa Finance Corporation, EY,...).
• Heading Portfolios Financial Management Comity.

Two startup projects based in Silicon Oasis, Dubai, UAE:

1) Tradeconex: B2B Trading Marketplace with Ocean Freight Automation & enhanced high value/volume escrow payment service.

2) Baraka Wallet: Mobile Wallet & Open-Loop Virtual Card with MasterCard for East Africa market.

• Managed practical action plans to respond to audit discoveries and compliance violations.
• Liaised with risk management, internal audit and employee services departments to direct compliance issues to appropriate channels for investigation and resolution.
• Reviewed company forms, marketing materials and communication procedures for compliance with applicable laws and guidelines.
• Oversaw proper maintenance and dissemination of filing documentation as well as records and reports for review by various departments.
• Provided guidance, advice and training to improve business' understanding of related laws and regulatory requirements.
• Enhanced regulatory, strategic and operational performance to keep in alignment with deadlines.
• Resolved problems concerning loan investment portfolios, capital and specific or large troubled accounts.
• Investigated activities of institutions to enforce laws and regulations, assessing legality of transactions and operations or financial solvency.