{"id":25626889,"date":"2026-09-24T18:15:16","date_gmt":"2026-09-24T15:15:16","guid":{"rendered":"https:\/\/fra.gov.eg\/fra_news\/%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d9%84%d8%b2%d9%85-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%aa%d9%85%d9%88%d9%8a%d9%84-%d8%a7\/"},"modified":"2026-10-01T13:40:50","modified_gmt":"2026-10-01T10:40:50","slug":"%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d9%84%d8%b2%d9%85-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%aa%d9%85%d9%88%d9%8a%d9%84-%d8%a7","status":"publish","type":"fra_news","link":"https:\/\/fra.gov.eg\/en\/fra_news\/%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d9%84%d8%b2%d9%85-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%aa%d9%85%d9%88%d9%8a%d9%84-%d8%a7\/","title":{"rendered":"FRA Directs Consumer Finance Sector to Implement Real-Time Data Integration &#8211; Thursday 24 September 2026"},"content":{"rendered":"<ul>\n<li><span style=\"color: #800000;\">Linking customer data immediately upon financing approval\u2026 Capturing real-time purchases of goods and services\u2026 and classifying financed transactions and tracking repayment regularity.<\/span><\/li>\n<\/ul>\n<p><strong>Dr. Islam Azzam, FRA Chairman:<\/strong><\/p>\n<ul>\n<li><span style=\"color: #800000;\">Database integration reinforces the Authority\u2019s regulatory and supervisory tools while supporting the early detection of irregularities and risks<\/span><\/li>\n<\/ul>\n<p>Dr. Islam Azzam, FRA Chairman has issued Decree No. (2684) of 2026, mandating consumer finance companies to establish the necessary technological infrastructure to integrate their databases with FRA&#8217;s central database, in accordance with regulations to be issued by the Authority within six months.<\/p>\n<p>The decree was published in the Official Gazette and entered into force on September 24, 2026.<\/p>\n<p>Dr. \u00a0Islam Azzam explained that under this decree, companies will be required to provide a specific set of data through electronic systems designed to link their databases with FRA&#8217;s database.<\/p>\n<p>This data includes: customer information upon approval of financing; real-time transactions involving the purchase of goods or acquisition of services by customers; classification of the goods and services financed by the company; customer classifications based on repayment regularity; and data and key performance indicators related to the company\u2019s financial solvency.<\/p>\n<p>FRA Chairman emphasized the importance of database integration between companies and the Authority to ensure the ongoing and real-time availability of all such information and classifications. This falls within the framework of enhancing the Authority&#8217;s regulatory and supervisory capabilities, enabling the early detection of potential risks or irregularities, and safeguarding market stability and consumer rights.<\/p>\n<p>He added that making this data continuously available\u2014alongside existing rules currently applicable to companies\u2014will enable the Authority to derive more accurate indicators regarding market activity and share them with market participants. This, in turn, will assist companies in rapidly developing products that meet evolving consumer needs.<\/p>\n<p>Notably, FRA recently issued decisions regarding real-time integration between consumer finance and project finance companies with I-Score , accelerating the implementation of the customer identity verification system using One-Time Passwords (OTP), and checking customer behavioral analysis evaluations.<\/p>\n<p>Dr. Islam Azzam noted that this decree complements previous decisions, reflecting the Authority&#8217;s commitment to the continuous development of the regulatory framework for non-banking financial activities. This integration enhances operational efficiency, improves financing decisions and streamlines monitoring and supervision to keep pace with market shifts, technological advancements and diverse risk profiles.<\/p>\n","protected":false},"author":94,"featured_media":25514085,"parent":0,"template":"","format":"standard","categories":[],"tags":[],"fra_news_taxonomy":[],"news_paper_taxonomy":[],"class_list":["post-25626889","fra_news","type-fra_news","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news\/25626889","targetHints":{"allow":["GET"]}}],"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\/94"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media\/25514085"}],"wp:attachment":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media?parent=25626889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/categories?post=25626889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/tags?post=25626889"},{"taxonomy":"fra_news_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news_taxonomy?post=25626889"},{"taxonomy":"news_paper_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/news_paper_taxonomy?post=25626889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}