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The Egyptian Exchange (EGX) organized three panel discussions on the impact of financial technology on the capital market ecosystem in particular and non-banking financial activities in general.
The event aimed to present the difficulties with financial inclusion ways to increase capital market efficiency, and the intended function of the Innovation Hub and Sandbox - CORBEH.
EGX organized a promotional event in New Alamein City, North Coast, on Friday, August 18th aiming to discuss the impact of financial technology on the capital market ecosystem in particular and non-banking financial services in general. It highlighted the role of financial technology in promoting financial inclusion and digitizing capital market operations to increase their effectiveness. The event discussed the expected role of the Innovation Hub and Sandbox — CORBEH.
Distinguished entrepreneurs and financial technology specialists took part in three panel discussions at EGX’s second investment-opportunities promotional event. The discussions included available investment opportunities in non-banking financial activities and the positive role played by market regulators in integrating financial technology into all financial activities to improve the ecosystem efficiency and increases its growth rates.
This event demonstrates EGX’s interest in financial technology given its growing role in the economy especially after Central Bank of Egypt issued the rules of digital banks and the recent decrees of Financial Regulatory Authority (FRA) to encourage the use of financial technology in non-banking financial activities.
The discussions touched upon some successful experiences of financial technology companies. The focus was on listed companies and the advantages of listing, including easier access to finance needed for expansions. The discussions included the planned role of The Innovation Hub & Sandbox — CORBEH, established by EGX and FRA, in supporting financial technology.
