financial<\/a> sector.<\/p>\nThe approvals reflect the FRA\u2019s ongoing commitment to fostering innovation, enhancing regulatory clarity, and driving inclusive, technology-enabled financial services across the country.<\/p>\n
As part of this latest round of endorsements, Digified a registered outsourcing services provider has secured authorisation from the FRA\u2019s specialised committee overseeing FinTech applications in non-banking financial activities. The approval enables Digified to broaden its service portfolio, adding digital contract execution for non-banking financial products alongside digital registration, preservation, and retrieval solutions. This expansion strengthens Digified\u2019s position as a trusted enabler of secure, compliant, and streamlined digital transactions in line with Egypt\u2019s wider financial inclusion objectives.<\/p>\n
In parallel, the committee has endorsed the establishment of three promising FinTech startups: Nice Deer, Dayra, and iSupply. Each venture is set to contribute fresh digital capabilities and customer-centric solutions to the evolving non-banking financial landscape, further diversifying the ecosystem with innovative offerings tailored to emerging market needs.<\/p>\n
The FRA also confirmed the renewal of VLens Company\u2019s registration as an outsourcing services provider, reinforcing the authority\u2019s commitment to supporting existing players that demonstrate continued compliance and a focus on technological advancement.<\/p>\n
These approvals mark an important step towards building a more agile, transparent, and inclusive non-banking financial sector, aligned with Egypt\u2019s vision for a digitally empowered economy. By unlocking new digital services and fostering entrepreneurial growth, the FRA aims to expand access to efficient, secure, and innovative financial solutions for individuals and businesses alike.<\/p>\n
Looking ahead, the FRA remains dedicated to strengthening the regulatory framework, encouraging sustainable FinTech innovation, and ensuring that technology-driven growth continues to align with the highest standards of governance and customer trust.<\/p>\n","protected":false},"author":35851,"featured_media":569302,"parent":0,"template":"","categories":[11395,11381,41779,11368,11375,11376,42764,41795,11384,11397],"tags":[11668,11649,12004,11438,11409,12472,11769,11549,11515,21391,28651,16136],"class_list":["post-569301","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-analytics","category-artificial-intelligence","category-banktech","category-core-banking","category-cybersecurity","category-digital-banking","category-digital-payments","category-mobile-banking","category-payments","category-saas","tag-cross-border-payments","tag-digital-banking","tag-digital-lending","tag-digital-payments","tag-digital-transformation","tag-financial-inclusion","tag-financial-institutions","tag-financial-services","tag-fintech","tag-fintech-news","tag-kraken-mena","tag-mena"],"acf":[],"yoast_head":"\n
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