The Egypt Financial Regulatory Authority has granted six approvals linked to the use of financial technology in non-bank financial activities, spanning the establishment of a fintech startup, authorisations for custody and securities trading activities, and preliminary entry to its regulatory sandbox for an insurance project. The sandbox approval covers Orient Insurance and a proposal to use technology for remote inspection and damage assessment in motor insurance. The approvals include the establishment of Value for small and medium enterprise finance as a fintech startup. CFH and Beltone Securities Holding were authorised to conduct custody activities using fintech through V-Lens for electronic verification, while Cairo Capital Securities and Al Ahly Pharos Securities were authorised to conduct securities trading using fintech through the same electronic verification provider. The decisions were issued on the recommendation of the committee that reviews applications to establish, license or operate non-bank financial activities using fintech.
Egypt Financial Regulatory Authority 2026-05-05
Egypt Financial Regulatory Authority grants six fintech approvals including custody and trading authorisations and insurer sandbox entry
The Egypt Financial Regulatory Authority has approved six fintech-related initiatives in non-bank financial activities, including the establishment of Value for SME finance as a fintech startup and preliminary sandbox entry for an Orient Insurance motor insurance project using remote inspection and damage assessment technology. CFH and Beltone Securities Holding were authorised to conduct custody activities using V-Lens for electronic verification, while Cairo Capital Securities and Al Ahly Pharos Securities were authorised to conduct securities trading using V-Lens, following recommendations from the committee overseeing fintech applications.