All about Non-Banking Financial Services
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News
6Egypt Approves 6 Fintech Companies to Expand Non-Banking Financial Services
Egypt's Financial Regulatory Authority has approved six companies to provide lending, investment, and custody services using financial technology, including Paymob and Souhoola.
Egypt Forms Financial Regulatory Authority Board for Four Years Chaired by Azzam
The Egyptian Prime Minister issued a decree to form the board of directors of the Financial Regulatory Authority for four years under the leadership of Dr. Islam Azzam, in its first multi-year term.
Egyptian Financial Regulatory Authority Approves Establishment and Licensing of 12 Companies
The Egyptian Financial Regulatory Authority approved the establishment and licensing of 12 entities, including investment funds, portfolio management, securities custody, debt collection, and medical insurance.
Barq Obtains Initial Approval from SAMA to Add Financing Services
Barq digital wallet has received initial approval from the Saudi Central Bank to add financing services to its offerings.
Central Bank of Egypt Launches Fourth Round of FinTech Got Talent Competition
The Central Bank of Egypt has launched the fourth round of the FinTech Got Talent competition to develop financial technology skills among university students in Egypt.
Félix Raises $200 Million to Expand Hybrid Remittance Services
Félix, a hybrid remittance company, raised $200 million in a new funding round to expand its platform that combines digital and traditional channels for sending money.