الهيئة العامة للرقابة المالية

• The signing ceremony took place during the official launch of FRA Sandbox at FRA FinTech Forum 2025.
• The Memoranda of Understanding (MoUs) aim to develop new technological solutions in various fields, enhance data exchange and electronic linkage between relevant parties.

Dr. Mohamed Farid,  FRA Chairman:

• These MoUs are a practical step towards enhancing public-private partnerships and speeding up digital transformation in non-banking financial markets.
• The Authority is committed to support FinTech entrepreneurship environment, providing comprehensive technical and regulatory assistance.

Dr. Mohamed Farid, FRA Chairman officially launched FRA Sandbox at FRA FinTech Forum 2025. This significant event witnessed the signing of several Memoranda of Understanding (MoUs) between the Sandbox and leading players in the FinTech sector. The forum, organized by FRA, aims to foster innovation and strengthen collaboration between regulators and companies in this dynamic industry.

These strategic MoUs are designed to develop cutting-edge technological solutions across various FinTech domains and drive the digital transformation of the non-banking financial sector. A key objective is also to improve data exchange and electronic connectivity among all relevant parties. FRA is dedicated to stay ahead of rapid FinTech advancements, creating a supportive regulatory environment for innovation while simultaneously protecting investor rights, boosting market efficiency and stability and improving user access to non-banking financial services.

The Memoranda of Understanding (MoUs) signed during the forum span several critical areas, formalizing partnerships with various entities. These include Innovation Partners such as AUC Venture Lab, Techne, Mercatura Forum, Tech Fin and Plug & Play Egypt. On the other hand, the Technological Infrastructure Partners involved are E-Finance for Digital Operations, GIG Insurance Company and the Insurance Federation of Egypt. Lastly, the Investment Partners collaborating with the Regulatory Sandbox are the Egyptian Institute of Accountants and Auditors (EIAA) and Dr. Khaled Abdelaziz Hegazy Accounting, Auditing and Financial & Tax Consulting Office.

In his address at the forum, Dr. Farid emphasized that FinTech is a cornerstone for enhancing financial, investment and insurance inclusion, as well as significantly boosting operational efficiency. He highlighted FRA’s ongoing efforts to develop robust regulatory and legislative frameworks that will nurture the growth of this sector. Furthermore, he underscored the importance of strengthening collaboration with all partners to achieve the desired digital transformation within non-banking financial services.

FRA Board of Directors has established and launched a Regulatory Sandbox for Technological Applications, formalized by Resolution No. 163 of 2024. Officially inaugurated during the forum, this Sandbox provides a crucial platform for both existing non-banking financial service providers and entities on FRA’s FinTech outsourcing register to test innovative FinTech applications, business models and related mechanisms.

The Sandbox is set to significantly enhance FRA’s efforts in supporting technology-driven startups that offer non-banking financial services, thereby boosting innovation across the entire non-banking financial sector.

The signed MoUs represent a tangible move towards strengthening public-private partnerships and accelerating digital transformation in financial markets. These agreements are expected to drive innovation and expand financial inclusion, making funding and services more accessible to everyone.