4 Days
Source:
الاقتصادية
Digital Identity Evolution
The article discusses the transformation of the financial sector towards reliance on digital identity, which has become fundamental in enhancing financial inclusion, reducing operational costs, and combating fraud. Egypt has made notable progress in this area through the issuance of regulations that allow remote opening of bank accounts and the launch of digital banks, contributing to increased financial inclusion and a 47-place improvement in the government’s digital ranking by 2025. The recommendations emphasize that digital identity has become a core element of the future of the financial sector, ensuring security and easy access to financial services for all.
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