Press Releases
FRA Launches Training for Factoring Firms on New Digital Platform – Thursday 6 August 2026
Dr. Islam Azzam – FRA Chairman:
- Factoring platform launched in partnership with e-Finance to eliminate double financing and elevate efficiency.
- Intensifying collaboration is essential to drive sector performance. Our ultimate ambition is the complete digitization of all operations.
Financial Regulatory Authority (FRA), chaired by Dr. Islam Azzam, has rolled out a comprehensive training program for factoring firms on its newly launched digital platform, developed in strategic partnership with e-Finance. The centralized system lets companies run instant online checks on invoices to confirm their funding history, permanently blocking double financing and duplicate factoring transactions across the sector.
During the training session, attended by Waleed Anwar, Assistant to FRA Chairman, representatives of factoring companies were introduced to the platform’s core operational mechanisms. The session guided firms on meeting the requirements of FRA Board Resolution No. 51 of 2026, ensuring no duplicate factoring claims exist for the same asset while enabling companies to digitally freeze invoices in their favor for the entire contract duration.
Participants also received hands-on training on incorporating provisions into vendor agreements to mandate the registration of security rights arising from financing within the Egyptian Collateral Registry (ECR), in accordance with Movable Collateral Law No. 115 of 2015 and its Executive Regulations.
Technical experts and trainers from FRA and e-Finance addressed inquiries from corporate representatives regarding the platform’s invoice management tools, as well as communication channels with key entities, including the Authority, Ministry of Finance and Egyptian Tax Authority
Dr. Islam Azzam, FRA Chairman highlighted that the platform, officially launched in February 2026, acts as a essential risk-mitigation engine designed to upgrade market governance and establish direct technical integration among market participants and regulatory bodies. He noted that FRA plans to replicate this digital framework across all non-banking financial sector.
FRA Chairman reported significant growth in Q1 2026 compared to Q1 2025, with debit balances surging by 48.7%, active client bases expanding 28.2% from 747 to 958 companies, and total factored receivables surpassing EGP 40 billion, up from EGP 29.4 billion.
Additionally, Dr. Islam Azzam emphasized the need for closer collaboration with the Egyptian Factoring Federation. He noted that the total number of licensed providers—comprising both specialized factoring firms and multi-activity providers—contracted slightly to 39 in the first quarter of 2026, down from 41 during the same period last year.
He added that the Authority aims in the coming period to fully digitize factoring process end-to-end. This spans from mandatory pre-approval invoice inquiries during the credit assessment phase prior to disbursing funds, to verifying the absence of duplicate factoring on the same asset and freezing invoices throughout the contract duration, through to final settlement execution. This initiative will enable companies to accelerate transactions, tighten risk controls, reduce costs and operate within a fully integrated technical framework.
Factoring is a non-banking financial activity regulated by Financial Regulatory Authority (FRA). It serves as a short-term financing tool designed to accelerate cash flow cycles while enhancing corporate liquidity and profitability. Under a financing agreement between a factor (factoring company) and a seller (assignor company), the factor purchases current and future financial receivables arising from the sale of goods and provision of services.
At Egyptians Abroad Conference, Dr. Tarek Seif Outlines New NBFS Opportunities and Investment Pathways for Expats – Wednesday 5 August 2026
Dr. Tarek Seif, Executive Director of the Financial Services Institute:
- The FinTech framework delivers safe, licensed digital channels for insurance and financing solutions.
- Fostering financial inclusion through innovative investment tools, including precious metals funds and real estate funds’ platforms.
- Raising financial awareness remains the vital shield for safe investment and client protection.
Dr. Tarek Seif, Executive Director of the Financial Services Institute (FSI) – FRA’s training arm – represented FRA Chairman Dr. Islam Azzam at the 7th Egyptians Abroad Conference, joining a key panel titled “Connecting Egyptians Abroad with Egypt’s FinTech Ecosystem”
This participation highlights continuous coordination between FRA and Ministry of Foreign Affairs, International Cooperation and Egyptians Expatriates to expand non-banking financial services (NBFS) globally, especially insurance sector. A key milestone includes FRA’s recent approval of a new personal accident and unfair dismissal insurance policy for Egyptian expats, launched in collaboration with the Ministry of Interior and the Egyptian Pool for Travel Insurance (EPTI).
During the panel, Dr. Tarek Seif emphasized that developments in Egypt’s FinTech regulatory frameworks allow expatriates to access investment instruments and financial products through licensed, FRA-supervised digital channels. This delivers a secure, transparent environment while ensuring expat investments align with international best practices.
He emphasized that FRA is mandated to regulate, supervise and oversee Egypt’s non-banking financial sector. The Authority’s core responsibilities encompass establishing market regulations, safeguarding transactions, protecting investor rights and ensuring overall market stability. Expanding access to non-banking financial services remains a primary pillar of FRA’s strategy to accelerate national financial inclusion.
He concluded by noting that FRA has fully finalized the regulatory framework for Law No. 5 of 2022 (FinTech Regulation Law). This framework sets clear guidelines for digital licensing, fintech operations, corporate governance, risk management and data privacy – laying a solid foundation for the rapid scale-up of digital financial services.
He noted that leveraging this ecosystem requires more than just technological availability; it depends on consumers’ ability to understand digital financial products, distinguish licensed entities from unauthorized ones, recognize their rights and obligations and define clear investment priorities. Consequently, financial literacy and awareness serve as indispensable drivers of successful digital transformation and financial inclusion.
Dr. Tarek Seif highlighted that promoting financial literacy is a legally defined mandate for FRA, built on the principle that an investor’s understanding of rights and product risks is their primary defense. The Authority carries out this mandate through the Financial Services Institute (FSI) and Awareness and Financial Literacy Central Department, collaborating with the Ministries of Education, Higher Education and Youth and Sports. This comprehensive strategy includes public outreach and summer training programs for university students to reach all segments of society, including Egyptian expatriates.
He also shed light on recent developments in the insurance sector in accordance with the Unified Insurance Law No. 155 of 2024, framing it as a vital pillar of financial inclusion. Additionally, he pointed to rapidly expanding investment vehicles available through FRA-supervised entities—such as gold and silver investment funds, real estate investment funds and digital platforms which offer diverse, flexible options tailored to different investor profiles.
Dr. Tarek Seif concluded by offering three essential tips for Egyptian expatriates: first, prioritize financial literacy as the foundation of sound economic decisions; second, deal exclusively with FRA-licensed entities; and third, safeguard personal and financial data as the critical first line of defense against online fraud.
FRA Licenses 4 Companies for Non-Banking Financial Activities – Tuesday 4 August 2026
FRA registers 3 collection companies to date and grants temporary licenses to 9 Third Party Administrators.
Financial Regulatory Authority (FRA), chaired by Dr. Islam Azzam, has granted approvals to four companies to engage in various non-banking financial activities. This decision aligns with the Authority’s ongoing commitment to enhance the efficiency and competitiveness of the sectors under its supervision, expand the scope of financial services, boost investment attractiveness and broaden the beneficiary base.
The newly granted approvals include a temporary license for Al Ahly Health Services to practice Third Party Administrator (TPA) activities in accordance with Unified Insurance Law No. 155 of 2024 and FRA resolution No. 229 of 2025 regarding the regulatory framework for practicing TPA activities.
This brings the total number of temporarily licensed entities to nine TPAs and one specialized HMO, with additional companies currently fulfilling regulatory requirements.
FRA also approved the registration of the Egyptian Company for Services and Collection, making it the third debt collection agency licensed to serve non-banking financial institutions. Over 30 additional applications are currently being evaluated.
Furthermore, the Authority licensed Prime Brokerage to trade government debt instruments in the secondary market and authorized Arabeya Online Brokerage to execute transactions in EGX-backed Global Depositary Receipts (GDRs).
FRA issues these approvals in accordance with its constitutional and legal mandate to regulate and supervise non-banking financial markets and instruments. This includes capital markets, futures exchanges, insurance activities, real estate finance, financial leasing, factoring and securitization, alongside its authority to approve the establishment and licensing of companies operating within these sectors.
Incorporation and licensing decisions are issued based on the recommendations of FRA Incorporation and Licensing Committee. This Committee is responsible for evaluating and granting preliminary and final approvals for companies, reviewing applications to add new activities or mechanisms, opening, closing, or relocating branches, amending articles of incorporation, approving reward and incentive plans, transitioning regulatory frameworks for capital market and consumer finance companies and reviewing applications for voluntary temporary suspension or liquidation.
