الهيئة العامة للرقابة المالية

FRA Chairman: “Boosting capacity and professional efficiency to drive innovation and financial inclusion.”

Dr. Islam Azzam, FRA Chairman recently participated in the annual scientific conference of Sadat Academy for Management Sciences, held under the theme “Smart Management in the Knowledge Era.” Chaired by Academy President Dr. Mohamed Saleh Hashem, the prestigious event drew widespread participation from senior officials, prominent academic figures, and members of parliament representing both the House of Representatives and the Senate.

On the sidelines of the conference, the Academy’s Board of Directors held its regular meeting exceptionally, with the participation of both Dr. Hussein Issa and Dr. Islam Azzam. Discussions focused on maximizing cooperation between the Academy and regulatory and government entities across scientific and professional fields. This will be achieved through collaborative efforts in training and capacity building to raise the efficiency of the administrative apparatus across various sectors, as well as developing postgraduate programs and scientific research for researchers from both inside and outside Egypt.

Dr. Islam Azzam commended the conference’s focus on developing government administration and maximizing the impact of digital transformation and Artificial Intelligence (AI). He emphasized that these advancements are vital to enhance knowledge capital, directly support the objectives of “Egypt Vision 2030” – most notably driving local and foreign investment and expanding the private sector’s role in the economy.

Furthermore, Dr. Azzam underscored FRA’s commitment to collaborate with government and academic entities to raise financial literacy. This partnership aims to bridge the gap between theoretical knowledge and practical application for youth across all age groups. He noted that the growing influx of young people into various investment sectors requires a stronger focus on training. Providing them with accurate, reliable information on capital markets, investment funds, insurance, leasing and factoring is essential to raise awareness of non-banking financial activities.

Dr. Azzam also highlighted the Authority’s ongoing initiatives in capacity building and professional development across its regulated sectors. These efforts aim to foster innovation and leverage FinTech and AI to deliver new services that meet citizens’ evolving needs and align with global trends. Additionally, these initiatives drive financial inclusion by introducing accessible new insurance and financing products, particularly for underserved communities.