الهيئة العامة للرقابة المالية

• On the sidelines of Cairo ICT 2025: Alliances with “Liquid C2,” “Cyber Force,” and “JRNY” to enhance cybersecurity, cloud computing, innovation and startups.
• Farid: “Our objective is to establish a flexible regulatory environment that fuels startup growth while utilizing the latest digital solutions to safeguard all stakeholders.”

In a move reflects the accelerating pace of digital transformation in the Non-Banking Financial Sector (NBFS), the Financial Regulatory Authority (FRA) announced, during its participation in Cairo ICT 2025, that “FRA Sandbox” Regulatory Lab signed three strategic cooperation protocols with a selection of leading technology companies specialized in the fields of cybersecurity, cloud computing and advanced data solutions.

These alliances reinforce FRA’s mission as a catalyst and enabler of technology. The goal is to build a sophisticated, flexible regulatory ecosystem capable of accommodating innovative business models. By providing a safe testing environment, FRA ensures the growth of startups while simultaneously safeguarding the data and rights of all stakeholders.

“Liquid C2,” “Cyber Force,” and “JRNY” were selected to boost four key areas: cloud computing, security readiness, innovation, and support for startups

FRA Sandbox signed a protocol with “Liquid C2” (Middle East and North Africa), represented by Major General Badr Khairy, Chairman of the Regional Board and CEO Sherif Shaltout. This agreement focuses on cybersecurity and cloud computing.

Similarly, the protocol with “Cyber Force” was signed with Engineer Tamer Raafat, CCO, and Dr. Ahmed Amin, Founder and CEO, representing the company. This partnership also targets collaboration in cybersecurity and cloud computing.

The third protocol was signed with “JRNY,” focusing on innovation and startups. The agreement was formalized by Ahmed Seddik, Co-founder and in the presence of its CEO, Dalia Aboul-Yazid.

Commenting on the partnerships, Dr. Mohamed Farid, FRA Chairman affirmed that these initiatives are integral to a comprehensive strategy aimed at cultivating an innovation-friendly environment.

Dr. Farid asserted that technology is now the backbone for market stability and growth, no longer a mere auxiliary tool. Through FRA Sandbox, the Authority is transforming from a traditional regulator into a key partner in shaping the future. This is achieved by providing a safe testing environment for startups to experiment boldly, which simultaneously gives FRA the necessary insight to formulate precise and effective legislative frameworks.

FRA Chairman concluded by affirming that collaboration with specialized, leading technology firms is an essential step to further enhance the structure of the non-banking financial sector, ultimately serving the broader national economy.