certify
Home arrow Article arrow Article Detail

Moroccan Regulator Launches Fintech Platform to Support Financial Innovation

Profile Image

Pavan A Follow

INDIA

Aug, 17 2022

Aug, 17 2022

likes | comments 0

Article Image

Moroccan Capital Market Authority (AMMC), the regulator of Moroccan capital markets, announced the launch of a fintech portal. Developed to facilitate exchanges between regulators and financial technology companies, the new portal will enable the regulator to better serve the financial technology industry. 


According to an official release published by the regulator, the portal was, “designed to support market players in their projects and promote the development of new technologies that will help transform the financial sector.” 


The release provides further details, “The portal will allow project leaders to exchange with the AMMC and to inquire about the legal framework applicable to their companies. This tool was designed to facilitate exchanges between the AMMC and companies involved in the innovative financial technology sector.” 


A partnership between the Moroccan central bank and state-owned asset manager CDG Invest was announced in February 2022 to facilitate fintech startups development. 


CDG Invest will provide technical, financial, and operational support to fintech startups under the agreement. The central bank will provide regulatory support and assist them in their associations with their partner banks. 


Also ReadBrazilian Voting Authority might include Blockchain Technology in Future Elections - Blockchain Adoption


By using this exchange gateway, companies involved in innovative financial technology can be reached more easily. AMMC assures that these entities offer innovative processes, products or services in the Moroccan financial sector, whether they are new or established ones. 

 

Although fintech was initially confined to startups providing services, conventional banks are becoming aware of its potential as a means of improving financial services in Morocco, echoing international trends. 


likes | comments 0

Profile Image

Pavan A

CBW - External Analyst

INDIA

Comments
Data Centre Construction - World First artificial intelligence AI-Tech Utility Token
banner
Article
Animoca Ventures leads $1M seed funding round for Narwhal Finance

With participation from Hailstone Ventures and various angel investors, Narwhal Finance which is a decentralized cross-market perpetual trading platform built on BNB Chain and Arbitrum has announced;

Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.