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Financial Authority approves two fintech firms
The General Authority for Financial Control approved two companies to carry out non-banking financial activities through financial technology, aimed at enhancing sector efficiency and expanding its services. The approvals included the establishment of "Digital Banker - Weak" for consumer financing using technology, as well as the approval of "CFH Asset Management" to oversee securities portfolios and investment funds. This move is part of the Authority's efforts to support investments and broaden the base of beneficiaries in the non-banking financial markets.
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