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FRA Digital Finance Drive

FRA Digital Finance Drive

The Financial Regulatory Authority announced that more than 1.727 million digital verification transactions and around 862,000 digital contracts had been recorded across non-bank financial activities by the end of October 2026, compared with 354,000 verification transactions and 190,000 contracts by the end of 2025. This surge is underpinned by regulatory frameworks for the electronic identification of customers and contracts, and for digital identity, alongside requirements for data protection, cybersecurity, and risk management. The Authority’s regulatory sandbox also received 67 projects: 11 were provisionally accepted, and two moved on to live trials.

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