Sunday 20/July/2025 – 07:44 PM
The committee agreed to use requests Financial technologyIn non -banking financial activities, at the Financial Supervisory Authority, for 5 companies, to add financial technology fields, renew the registration of the record of outskirts, and the establishment of emerging companies operating in the non -banking financial sector, through the use of financial technology.
The committee for the company (Digify), which is restricted in the record of outskirts, has agreed to add the fields of concluding contracts to non -banking financial products and registration, conservation and retrieval operations from the electronic digital records restricted in the record of the outsourcing service providers, for the company’s fields of work, to work in all areas of financial technology.
The committee also approved the establishment of the Nice Deir Classification Company, the establishment of a microfinance company, Dira Finance Company, and the establishment of the iBalli company, as emerging companies, provided that each of them carried out its activities using financial technology, and the committee also agreed to renew the registration of the company “in Lese” in the record of the outsourcing service providers.
The committee to decide the requests for the use of financial technology, in non -banking financial activities, is concerned in accordance with the decision of the Chairman of the General Authority for Financial Supervision, No. 3196 of 2023, to form the committee and specified the decision of the committee’s competencies, in deciding the establishment and licensing requests for companies wishing to practice any of the non -banking financial activities using financial technology, and to decide on the requests of companies and authorities licensed to practice non -banking financial activities To direct these activities using some areas of financial technology.
The specializations also included deciding on the requests for registration in the outskirts record and requests for temporary licensing for startups in financial technology, and setting up proposals to issue and develop the executive controls and rules of the Law on Regulating and Development of Financial Technology Using.
