The Financial Regulatory Authority's (FRA) Regulatory Sandbox Signs 3 Cooperation Protocols with Lea

In a step reflecting the accelerating pace of digital transformation in the non-banking financial sector, the Financial Regulatory Authority (FRA), during its participation in the activities of the Cairo ICT 2025 exhibition, announced that the Authority's "FRA Regulatory Sandbox" has signed 3 strategic cooperation protocols with an elite group of leading technology companies specialized in the fields of cybersecurity, cloud computing, and advanced data solutions.

These partnerships confirm the Authority's role as a catalyst and enabler of technology, and its endeavor to build a sophisticated and flexible regulatory system capable of accommodating innovative models, and providing a safe testing environment that ensures the growth of startups in parallel with protecting data and the rights of dealers.

The list of companies that signed the new agreements included "Liquid C2", "Cyber Force", and "JRNY", to enhance cloud computing, security readiness, and the field of innovation and startups.

The FRA Regulatory Sandbox signed a cooperation protocol with "Liquid C2" for the Middle East and North Africa region, signed on behalf of the company by Major General Badr Khairy, Chairman of the Board for the region, in the presence of Sherif Sheltout, Executive Director. The agreement aims to cooperate in the fields of cybersecurity and cloud computing.

The Regulatory Sandbox also signed a cooperation protocol with "Cyber Force", represented by Engineer Tamer Raafat, Chief Commercial Officer, in the presence of Dr. Ahmed Amin, Founder and CEO. This is aimed at cooperation in the fields of cybersecurity and cloud computing.

The signings also included a protocol with the company "JRNY", signed by Ahmed Seddik, Co-Founder, in the presence of Dalia Abou El Yazid, the company's Executive Director. The protocol aims to cooperate in the field of innovation and startups.

Commenting on these partnerships, Dr. Mohamed Farid, Chairman of the Financial Regulatory Authority, affirmed that these steps are part of a comprehensive strategy to create an innovation-friendly environment.

Dr. Farid stated that technology is no longer just an auxiliary tool but is the backbone of market stability and growth, stressing that the Authority, through the FRA Regulatory Sandbox, seeks to go beyond the traditional regulatory role to become a partner in shaping the future. This is done by providing a safe testing environment that allows startups to boldly experiment with their ideas, while enabling the Authority to understand these models for formulating precise and effective legislative frameworks.

The Chairman of the Authority concluded his statements by emphasizing that cooperation with specialized and leading companies in the technology sector represents an additional step to enhance the structure of the non-banking financial sector, thereby serving the national eco