Dr. Islam Azzam, FRA Chairman witnessed the signing of several cooperation protocols between the Financial Services Institute (FSI) and the Egyptian Mortgage Finance Federation, the Egyptian Leasing Federation, the Egyptian Federation for Consumer Finance, and the Egyptian Factoring Federation. Dr. Mohamed Abdel Aziz, Assistant to FRA Chairman and Vice Chairman of FSI Board, Dr. Tarek Seif, Executive Director of FSI, and several FRA leaders, attended the event.<\/p>\n
![\"\"](\"https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/04\/1000246610-300x169.jpg\")
<\/p>\n
This step is part of FRA\u2019s comprehensive strategy to develop the non-banking financial sector (NBFS). The strategy focuses on building qualified human cadres capable of keeping pace with rapid shifts in financial markets and enhancing the efficiency of operating institutions to support market stability and protect participants’ rights.<\/p>\n
For his part, Dr. Islam Azzam emphasized that these protocols represent an extension of FRA\u2019s efforts to invest in human capital, viewing it as the primary driver for the growth and development of the non-banking financial sector.<\/p>\n
FRA Chairman emphasized that capacity building is no longer a luxury but a necessity driven by the rapid evolution of the non-banking financial sector. This is particularly critical following the surge in FinTech, which demands a parallel expansion in financial literacy and professional skill refinement.<\/p>\n
Azzam explained that the Authority provides an integrated educational and training environment through effective partnerships with professional and training institutions domestically and abroad. The goal is to prepare advanced cadres capable of applying the highest standards of efficiency and governance, thereby boosting investor and participant confidence in non-banking financial markets. Furthermore, the continuous development of regulatory and training frameworks supports the sector\u2019s attractiveness for investment and achieves sustainable growth rates within an integrated vision aimed at raising market efficiency and supporting the national economy.<\/p>\n
He pointed out that expanding specialized training programs linked to actual market needs will improve the quality of services provided. It also supports the state’s efforts to achieve financial inclusion and empowers various segments of society to access innovative and secure financial services.<\/p>\n
The protocols were signed on behalf of the Authority by Dr. Tarek Seif, who explained that these partnerships with non-banking finance federations reflect the integration of roles between regulatory and professional bodies to develop human talent within these vital activities. He added that this represents a significant step in FSI direction toward aligning training programs with actual market needs and bridging the gap between academic aspects and practical applications in the non-banking financial sector.<\/p>\n
![\"\"](\"https:\/\/fra.gov.eg\/wp-content\/uploads\/2026\/04\/1000246628-300x169.jpg\")
<\/p>\n
He further clarified that FSI is working on developing its programs to allow the transfer of practical expertise to target cadres based on evolving needs, sector sizes, and the number of beneficiaries. By utilizing the expertise of market professionals within the training system, the Institute can more effectively enhance the efficiency and qualification of the sector’s workforce.<\/p>\n
These protocols aim to leverage practical expertise by offering top talent from the federations’ member companies the opportunity to join the training system as FSI-certified lecturers. Upon passing technical evaluations, these experts will ensure the transfer of applied knowledge and elevate the quality of training programs.<\/p>\n
The cooperation also extends to developing flexible training plans tailored to the needs of federations and companies, offering incentive benefits to members, and creating up-to-date training content that reflects evolving market trends.<\/p>\n
The Authority continues its efforts to develop the training and professional qualification system through the Financial Services Institute by designing and implementing specialized training programs covering various non-banking financial activities. These programs focus on governance, risk management, financial innovation, and digital transformation, keeping pace with international best practices and enhancing the regional and international competitiveness of the Egyptian market.<\/p>\n
The Authority has previously signed cooperation protocols with specialized academic and training entities to develop advanced programs and build capacity within the non-banking financial sector. These efforts focus on preparing qualified professionals and updating training content to align with international best practices.<\/p>\n","protected":false},"author":124,"featured_media":22497158,"parent":0,"template":"","format":"standard","categories":[142,144],"tags":[3791,3811,3910,4644,4761,4762,4763,4764,4765,4766],"fra_news_taxonomy":[2137,2138],"news_paper_taxonomy":[],"_links":{"self":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news\/22515894"}],"collection":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news"}],"about":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/types\/fra_news"}],"author":[{"embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/users\/124"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media\/22497158"}],"wp:attachment":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media?parent=22515894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/categories?post=22515894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/tags?post=22515894"},{"taxonomy":"fra_news_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news_taxonomy?post=22515894"},{"taxonomy":"news_paper_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/news_paper_taxonomy?post=22515894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}