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بوابة الشروق
FRA-Sandbox begins live testing
The General Authority for Financial Supervision has launched two pilot digital projects within the Regulatory Laboratory for Non-Banking Financial Arts, aiming to improve insurance services and digital identity. The first project utilizes remote damage assessment technology for car insurance, making claims processes easier and faster while reducing costs. The second project involves creating a digital identity using an electronic passport to verify the identities of foreigners and enable them to access financial services within Egypt. Both projects have been approved for a three-month pilot test. They aim to promote digital transformation and financial inclusion, supporting innovation and the smooth regulation of Egypt's non-banking finance sector.
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