Moroccan Insurance Authority joins Morocco Fintech Center launch as association sets governance and appoints executive director

The Moroccan Insurance Authority participated with other public and private sector founding members in the constituent general meeting establishing the Morocco Fintech Center (MFC) as an association at Bank Al-Maghrib’s headquarters in Rabat. The general assembly also approved opening the association to additional organisations. The MFC is intended to serve as a common desk for fintechs, support their development through mentoring, incubation, acceleration and skills development programmes, and help them navigate the regulatory environment and access financing. Its remit also includes promoting a collaborative fintech ecosystem through partnerships and networking, and encouraging research and development in financial innovation. At the inaugural board meeting chaired by Bank Al-Maghrib Governor Abdellatif Jouahri, the board appointed Mustapha Lahlali as Executive Director, designated representatives to a Monitoring Committee to support the executive, and agreed priority actions, the budget and member contributions.