The Financial Regulatory Authority (FRA) has granted preliminary approval to Lumin Soft to join its FinTech Regulatory Sandbox, making it the third company to receive such approval since the sandbox’s launch. The move comes as part of the Authority’s efforts to promote the adoption of financial technology and expand digital services in non-banking financial activities. Lumin Soft specialises in digital identity solutions, electronic verification and digital contracting technologies. He explained that the regulatory sandbox launched by the Authority serves as a key regulatory tool for supporting innovation in the financial sector. For his part, Ahmed Khalifa, Executive Director of the Authority’s regulatory sandbox, said the project represents a practical model for leveraging digital transformation to develop financial services.

Source: Daily News Egypt March 14, 2026 17:39 UTC