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Introducing the Sector

Rapid technological changes have provided many opportunities to improve services in various sectors in general, and the financial sector in particular, where the importance of employing financial technology is closely related to achieving the goals of financial inclusion, by enhancing the access and use of different segments of society for financial services through official financial channels, especially during the Covid-19 pandemic.

In this regard, and on the level of the non-bank financial sector, the PCMA has taken upon itself the responsibility to enhance the role of financial technology in the non-bank financial sector, and to open horizons for financial service providers, innovators and entrepreneurs, to provide financial technology solutions on the one hand, and to ensure the protection of consumers’ rights through effective monitoring of the non-banking financial sector, on the other hand, which takes into account the technological developments taking place, in line with developments in the global financial technology industry.

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