{"id":26366660,"date":"2026-11-12T10:44:09","date_gmt":"2026-11-12T08:44:09","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%85%d9%86%d8%ad-10-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d9%85%d9%88%d8%a7%d9%81%d9%82%d8%a7%d8%aa-%d9%84%d9%85\/"},"modified":"2026-11-12T13:37:22","modified_gmt":"2026-11-12T11:37:22","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%85%d9%86%d8%ad-10-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d9%85%d9%88%d8%a7%d9%81%d9%82%d8%a7%d8%aa-%d9%84%d9%85","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%85%d9%86%d8%ad-10-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d9%85%d9%88%d8%a7%d9%81%d9%82%d8%a7%d8%aa-%d9%84%d9%85\/","title":{"rendered":"FRA Approves 10 Companies to Offer Non-Bank Financial Services Using Fintech &#8211;\u00a0 Thursday 12 November 2026"},"content":{"rendered":"<ul>\n<li style=\"text-align: justify;\"><span style=\"color: #800000;\">Approvals boost digital transformation across factoring, microfinance, asset management, securities brokerage and custodian activities<\/span>.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\">Financial Regulatory Authority (FRA), chaired by Dr. Islam Azzam, has granted approvals to 10 companies to conduct several non-banking financial activities (NBFIs) using financial technology (FinTech). Approvals issued through Fintech Committee. This move aligns with FRA\u2019s ongoing efforts to expand the beneficiary base of these services, support digital transformation and enhance financial, investment, and insurance inclusion.<\/p>\n<p style=\"text-align: justify;\">The approvals include granting Misr Life Insurance approval to conduct its operations using FinTech through VLens for digital verification, as well as approving BAM Asset Management to carry out its licensed activities via FinTech through Valify Solutions.<\/p>\n<p style=\"text-align: justify;\">Additionally, the Authority approved Halan Securities Brokerage to utilize FinTech for its licensed activities and mechanisms through VLens. It also granted approval to MNT-Halan (MNT Tech Holding for Financial Investments) to conduct custodian activities using FinTech through the same verification provider, alongside HC Securities &amp; Investment which received approval to perform custodian services via VLens.<\/p>\n<p style=\"text-align: justify;\">Regarding FinTech startups, FRA licensed Nice Deer Financial Solutions to conduct factoring activities using FinTech through VLens, and licensed Dayra Microfinance as a FinTech startup to operate through Digified for Digital Identity Verification Solutions.<\/p>\n<p style=\"text-align: justify;\">The approvals further covered Azimut Egypt Asset Management to use FinTech in conducting custodian activities through Lumen Soft, in addition to approving AF Securities Brokerage and HC Brokerage to conduct their licensed activities and mechanisms via FinTech through VLens.<\/p>\n<p style=\"text-align: justify;\">FRA grants these approvals within its constitutional and legal mandate to regulate and supervise non-banking financial markets and instruments\u2014including capital markets, futures exchanges, insurance, mortgage finance, financial leasing, factoring, and securitization\u2014as well as licensing companies operating in these sectors, whether through traditional methods or FinTech solutions<\/p>\n","protected":false},"author":7,"featured_media":24401184,"parent":0,"template":"","format":"standard","categories":[],"tags":[4089],"fra_news_taxonomy":[],"news_paper_taxonomy":[],"class_list":["post-26366660","fra_news","type-fra_news","status-publish","format-standard","has-post-thumbnail","hentry","tag-fintech-committee"],"_links":{"self":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news\/26366660","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\/7"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media\/24401184"}],"wp:attachment":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media?parent=26366660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/categories?post=26366660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/tags?post=26366660"},{"taxonomy":"fra_news_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news_taxonomy?post=26366660"},{"taxonomy":"news_paper_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/news_paper_taxonomy?post=26366660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}