Digified has received regulatory approval from Egypt’s Financial Regulatory Authority (FRA) for its AI-driven digital onboarding, electronic Know Your Customer (eKYC), and e-contracting solutions tailored for non-banking financial institutions (NBFIs). This approval enables lending, investment, and insurance companies regulated by the FRA to create digital IDs, verify eKYC, and sign legally binding contracts without paperwork or physical presence.
These digital contracts carry full legal recognition in Egyptian courts, allowing fintech applications to operate as official digital branches. Digified’s CEO, Ibrahim Hassan, credited the achievement to the company’s pioneering team and partners including Plug and Play, Creativa Innovation Hub, and ITIDA, while thanking FRA Chairman Dr. Mohamed Farid for his leadership.
With over 25 million verification transactions annually in Egypt’s financial sectors, Digified’s FRA-compliant platform supports biometric and non-biometric digital ID creation, government data authentication, and smart e-contracts with official registration. The company aims to maintain its market leadership in Egypt’s fast-growing digital identity market and expand across the MEA region.
Backed by local and international partners, Digified is committed to powering secure, compliant digital identity infrastructure to foster financial inclusion and growth in emerging markets.
