Books - Mustafa Mahmoud, Fatima Nashat and Hajar Barakat:
Rasha Najm, Undersecretary of the Assistant Governor of the Central Bank of Egypt for Financial Technology and Innovation, said that the innovation support fund that the Central Bank recently launched in capital 1.3 billion pounds will contribute to supporting many startups.
She added that the central bank launched an integrated strategy for financial technology and innovation in March 2019, noting that the central bank studied the market to launch this system.
إقرأ أيضاً:
The central bank launches the instant payments system March 22
The 23 most important declarations of the leaders of the Central Bank of Egypt on financial technology and electronic payment plans
She noted during the first session of the Financial Technology Conference entitled "Financial Technology and Digital Transformation as an Essential Pillar for the Transition to the New Republic", that the sector focused on 5 axes, namely looking at the demand for these services, financing, governance, and regulatory rules for the arrival of banking solutions to citizens in a proper and safe way, Intellectual capabilities and support of innovative ideas.
She pointed out that many startups supported by the Central Bank and banks operating in the Egyptian market have expanded dramatically during the last period.
She explained that the organizational laboratory that was launched in 2019 helped the central bank to develop organizational frameworks to support startups.
