Digified's Digital Onboarding Services Receive FRA Approval

Digified, an AI-powered digital identity company, has received regulatory approval from Egypt's Financial Regulatory Authority (FRA). This allows them to offer their digital onboarding, e-KYC, and e-contracting services to non-banking financial institutions (NBFIs) in Egypt, such as lending, investment, and insurance companies.

This approval means that these companies can now fully create digital IDs, verify clients, and sign legally binding contracts digitally, without the need for physical paperwork or in-person meetings. The digital contracts are legally enforceable in Egyptian courts.

The approval also allows Digified to expand its services to cover all fintech domains. Digified's approved suite of services includes:

Digital ID Creation: Biometric and non-biometric e-KYC for secure client onboarding.

Government Data Authentication: Validating client information against national databases.

E-Contracts & Registry: Creating legally binding digital contracts with digital signatures and government registration.

This achievement was supported by partners like Plug and Play, Creativa Innovation Hub, and ITIDA.