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Financial Authority Gets 49 Lab Applications

Financial Authority Gets 49 Lab Applications

The General Authority for Securities Regulation held the first annual summit of the Financial Technology Regulatory Laboratory in Cairo, where the achievements of the first year were reviewed. These include receiving 49 project applications, incubating 9 for preliminary approval, and transitioning two projects to the active testing phase. The laboratory provides a flexible experimental environment that allows fintech companies to test and develop their solutions in compliance with regulations, with the aim of supporting innovation in the non-banking financial sector and promoting financial inclusion. Participants from government and private entities emphasized the importance of the laboratory in empowering startups and developing digital products based on artificial intelligence and secure digital analysis, with a focus on the future of financial technology and its role in improving financial services and increasing investments.

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