7 Hrs
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المصدر
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Regulator Backs Fintech
At the Cairo ICT exhibition in Cairo, the Financial Regulatory Authority outlined its efforts to support digital transformation and integrate technology into non-bank financial activities. These efforts are based on the FinTech Law No. 5 of 2022 and rules covering digital identity verification, electronic contracts, data protection, and cybersecurity. By the end of October 2026, digital verification operations had exceeded 1.727 million, and around 862,000 digital contracts had been registered. The regulatory sandbox had received 67 projects; 11 were granted preliminary approval, and two advanced to live trials. The Authority is considering expanding the use of artificial intelligence to analyze data and monitor risks, as well as establishing a centralized anti-fraud system as part of a project to electronically connect with entities under its supervision.
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