The Egypt Financial Regulatory Authority reviewed the first year of its regulatory sandbox for nonbank financial technology, reporting that it received 49 projects, granted preliminary approval to nine and moved two into live testing. The sandbox, previously identified as a core fintech priority, provides a controlled environment for testing technology against regulatory requirements before wider market deployment and has also given regulatory guidance to about 45 companies. The authority indicated that projects using artificial intelligence and advanced digital analytics will be a priority where they operate safely and comply with responsible supervision, personal data protection and service governance requirements. It also signed memorandums of understanding with four organizations to promote the sandbox, raise awareness and channel more innovative startups into the program.
2026-09-08Egypt Financial Regulatory Authority
Egypt Financial Regulatory Authority reports two fintech projects in live sandbox testing after 49 applications
The Egypt Financial Regulatory Authority reported that its nonbank fintech sandbox received 49 projects in its first year, with nine receiving preliminary approval and two entering live testing. The authority will prioritize safe uses of artificial intelligence and digital analytics subject to regulatory, data protection and governance requirements. It also agreed partnerships aimed at bringing more startups into the sandbox.