In a keynote speech at CFA Society Egypt’s annual conference, the Egypt Financial Regulatory Authority set out priorities to accelerate digital transformation and deepen the non-banking financial sector’s engagement in sustainability, including work under review to allow AI-based robo-advisory mechanisms in insurance and investment fund activities. The chair pointed to the Authority’s existing framework for the Advisor for Investment–Robo programme, issued under Decision No. 57 of 2024, which regulates an electronic system that uses artificial intelligence algorithms to provide investment advice, build and manage client portfolios, and rebalance them. Similar AI tools are being examined for insurance and investment funds, including to support comparisons across fund documents and investment alternatives. The Authority also highlighted potential cooperation with CFA Society Egypt on a new university competition focused on sustainability reporting, with regulatory support on assessing and benchmarking reports, and noted it has received applications to launch new metals funds following the earlier launch of three gold investment funds.
Egypt Financial Regulatory Authority 2025-02-17
Egypt Financial Regulatory Authority studies extending AI robo-advisory mechanisms to insurance and investment funds
The Egypt Financial Regulatory Authority prioritized digital transformation and sustainability in the non-banking financial sector at CFA Society Egypt’s conference. Initiatives include reviewing AI-based robo-advisory for insurance and investment funds and potential collaboration on a sustainability reporting competition. The Authority also noted applications for new metals funds following the launch of three gold investment funds.