To apply for testing in the Regulatory Sandbox, you must show how your proposal meets these five eligibility criteria:
Genuinely authentic Innovation
Within the non-bank financial scope in Egypt
A matured, ready and applicable
Can improve market efficiency
Can improve consumer benefit
Can improve Consumer protection
Feasible and planned
The proposed product must demonstrate originality and creativity, offering a solution that is unique within the non-bank financial sector.
The innovation should either operate within the existing non-bank financial landscape in Egypt or target this specific market. This ensures relevance and compliance with local regulations while addressing the unique needs of Egyptian consumers and businesses.
The product should be fully developed and ready for implementation, showcasing its potential for immediate application in the market.
The innovation should aim to streamline processes, reduce costs, or enhance operational efficiency within the non-bank financial sector.
The proposed solution must clearly articulate how it enhances the consumer experience, providing tangible benefits such as greater accessibility, better services, or improved financial literacy.
The product should incorporate features that enhance consumer safeguards, ensuring that users are better protected against fraud, misinformation, or financial risks.
A comprehensive feasibility study and business plan are essential, clearly outlining the market strategy, financial projections, and operational plans. This groundwork demonstrates the viability of the product and its potential for sustainable growth within the non-bank financial sector.
Visit the FAQ to learn how to test your ideas in a controlled, regulatory-friendly environment, including details on eligibility and applications.