Egypt's Financial Regulatory Authority (FRA) has launched a regulatory sandbox to accelerate digital transformation in the non-banking financial services (NBFS) sector, as part of broader reforms to boost innovation, attract investment, and support inclusive economic growth. The announcement was made during the FRA Fintech Forum 2025. The regulatory sandbox aims to support and facilitate the entry of start-ups offering smart digital solutions into the market. It also seeks to enhance regulatory understanding of financial technology and improve regulatory practices in support of sustainable and inclusive financial growth. In addition, it aims to boost innovation levels in the non-banking financial sector by continuing efforts to create a favourable and supportive regulatory environment that enables the provision of financing, investment, and insurance solutions for individuals and companies. FRA Chairman Mohamed Farid said the initiative aims to foster an adaptive, inclusive, and competitive non-banking ecosystem while maintaining regulatory standards and consumer protection. He added that it would enhance the FRA's understanding of emerging fintech and facilitate market entry for innovators. The FRA also launched an official website—https://frasandbox.com—offering access to regulatory guidance, innovation programmes, hackathon competitions, and a fintech marketplace. Eligibility criteria include offering original, market-ready fintech innovations that improve efficiency, customer experience, and data security. The application process includes proposal submission, testing, and final evaluation before commercial rollout. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
