{"id":41767,"date":"2025-03-24T15:04:59","date_gmt":"2025-03-24T12:04:59","guid":{"rendered":"https:\/\/entarabi.com\/?p=41767"},"modified":"2025-03-24T15:17:50","modified_gmt":"2025-03-24T12:17:50","slug":"vlens-platform-secures-operational-license-from-fra","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2025\/03\/vlens-platform-secures-operational-license-from-fra\/","title":{"rendered":"VLens Platform Secures Operational License from FRA"},"content":{"rendered":"<ul>\n<li dir=\"ltr\" style=\"text-align: left;\"><strong>FRA Grants VLens a License to Operate Non-Banking Financial Services<\/strong><\/li>\n<li dir=\"ltr\" style=\"text-align: left;\"><strong>The License is Part of FRA\u2019s Approval for Nine FinTech Companies in Egypt<\/strong><\/li>\n<li dir=\"ltr\" style=\"text-align: left;\"><strong>VLens Aims to Enhance Digital Services to Support Companies in Finance and Insurance Sectors<\/strong><\/li>\n<\/ul>\n<p dir=\"ltr\" style=\"text-align: left;\">VLens, a platform specializing in electronic verification and contracting, has obtained a license to operate non-banking financial activities from the Financial Regulatory Authority (FRA).<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The licensing of VLens came as part of FRA\u2019s approval for nine other companies operating in the financial technology (FinTech) sector.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">With this license, VLens will provide its services using financial technology to major corporations and startups in the fields of insurance, finance, and capital markets.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The FRA license enables financial service providers to digitally contract with clients without requiring them to visit physical branches.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">VLens is one of the companies that offer fully digital financial technology services, eliminating the need for traditional paper-based contracts.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">It has been officially registered in the FRA&#8217;s outsourcing records under Decision No. 1224 of 2024, in alignment with new legislation facilitating the establishment of technology-driven firms in non-banking financial sectors.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Mohamed Mamdouh, CEO of VLens, stated:&#8221;Eliminating or reducing the need for physical branches in non-banking financial services and legally recognized electronic contracting in Egypt was once just a dream&#8221;.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">&#8220;Today, it has become a reality, thanks to the effective FRA regulations and its true support for the private sector.&#8221;<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\n<p dir=\"ltr\" style=\"text-align: left;\">He added:&#8221;At VLens, we are building Egypt\u2019s digital reality.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The future starts now, not tomorrow. We are proud to be a success partner for all non-banking financial companies under FRA\u2019s umbrella that seek to expand and enhance their services through digital transformation.&#8221;<\/p>\n<h2 dir=\"ltr\" style=\"text-align: left;\">Companies Utilizing VLens Infrastructure After FRA Approval:<\/h2>\n<ul>\n<li dir=\"ltr\" style=\"text-align: left;\"><strong>Insurance sector:<\/strong> Misr Insurance, Tharwa Insurance.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\"><strong>Finance sector:<\/strong> ValU, Halan, Milo \u2013 BTECH Finance.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\"><strong>Capital markets sector:<\/strong> Beltone, Telda, MNT-Halan, Bokra Holding.<\/li>\n<\/ul>\n<p dir=\"ltr\" style=\"text-align: left;\">These companies leverage VLens&#8217; services in various financial technology fields under Decision No. 140 of 2023, including:<\/p>\n<ul>\n<li dir=\"ltr\" style=\"text-align: left;\">Electronic identification, verification, and authentication.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\">Electronic Know Your Customer (eKYC) processes.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\">Digital contracting for non-banking financial products.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\">Electronic registration, storage, and retrieval of digital records.<\/li>\n<\/ul>\n<h2 dir=\"ltr\" style=\"text-align: left;\"><strong>Additionally, VLens offers advanced technologies such as:<\/strong><\/h2>\n<ul>\n<li dir=\"ltr\" style=\"text-align: left;\">Optical Character Recognition (OCR).<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\">Face Matching technology.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\">Liveness Check.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\">Anti-Spoofing Fraud Detection.<\/li>\n<\/ul>\n<p dir=\"ltr\" style=\"text-align: left;\">These technologies ensure accuracy and efficiency in digital transactions.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Mamdouh added:&#8221;Under the leadership of Dr. Mohamed Farid, the FRA has successfully enhanced digital identity verification, making it more robust than traditional verification methods.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The issuance of Decision No. 30 of 2025, which mandates personal data verification, marks a significant milestone in Egypt\u2019s digital evolution.&#8221;<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The VLens platform, developed in-house, leverages cutting-edge AI technologies to provide customized solutions that meet each company&#8217;s specific needs.<\/p>\n<h1 dir=\"ltr\" style=\"text-align: left;\">These solutions include:<\/h1>\n<ul>\n<li dir=\"ltr\" style=\"text-align: left;\">Customizable API interfaces.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\">Seamless integration with operational systems.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\">Full compliance with legal and regulatory requirements.<\/li>\n<\/ul>\n<p dir=\"ltr\" style=\"text-align: left;\">This milestone reinforces VLens&#8217; commitment to supporting digital transformation and financial inclusion, in line with Egypt\u2019s Vision 2030.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">By enabling companies to deliver services with the highest standards of efficiency and innovation, VLens continues its leadership in strengthening Egypt\u2019s financial sector and building trust in the digital ecosystem.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>VLens, a platform specializing in electronic verification and contracting, has obtained a license to operate non-banking financial activities from the Financial Regulatory Authority (FRA).<\/p>\n","protected":false},"author":11,"featured_media":41764,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[4645,7613,7614],"class_list":["post-41767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-financial-regulatory-authority","tag-mohamed-mamdouh","tag-vlens-en"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/41767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=41767"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/41767\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/41764"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=41767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=41767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=41767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}