Egypt Financial Regulatory Authority launches upgraded electronic system for the Egyptian Movable Collateral Registry adding individual creditors and automated filings

The Egypt Financial Regulatory Authority has launched an upgraded electronic system for the Egyptian Movable Collateral Registry, to be managed directly by the Authority and implemented in cooperation with e-Finance following a competitive tender. The update is intended to make it easier for banks, financial institutions, companies and individual investors to obtain financing secured by movable (non-real estate) assets. The new system runs 24/7 and enables the electronic registration, amendment and cancellation of security notices and the electronic notification of creditors without human intervention. It also activates the ability to add individuals as creditor entities, expanding the eligible user base and allowing them to benefit from the legal protections available once security interests are registered. The platform supports integration with other systems and the use of a unified digital identity (single sign-on), links to the e-invoice system, and offers multiple payment channels including bank cards via the government payment gateway, virtual cards for e-wallets, financial wallets and remote bank transfers, with additional bank e-app channels planned. The Authority also highlighted enhanced data security, interactive reporting for the Authority and users, and a fully electronic creditor onboarding cycle, with the registry designed to broaden access to credit for small, medium and micro enterprises using assets such as equipment, machinery, inventory and intellectual property without transferring possession.