24 Hrs
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بوابة الفجر
Financial Authority reviews a year of innovation at FRA-Sandbox Summit
The General Authority for Financial Control launched the annual "FRA Sandbox" summit for the FinTech Application Lab to discuss the successes of its first year of operation. During this period, 49 startup applications were received, 7 projects received preliminary approval, and 2 moved into active testing. The goal is to support innovation and non-banking financial technology, as well as to promote financial inclusion and digital transformation in Egypt. The authority is working on developing the lab into a leading regional and international hub, which will enhance the position of the non-banking financial sector and attract more technological investments.
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