Central Bank of Egypt Issues Regulations for Digital Financial Identity and eKYC Services

The Central Bank of Egypt (CBE) has issued regulations governing the services of the Digital Financial Identity Platform, which is designed to enable banks to identify customers and verify their identities electronically through Electronic Know Your Customer (eKYC) services.

The new regulations establish the framework for providing Digital Financial Identity services through the CBE platform. The framework covers the identification and electronic verification of bank customers, as well as the electronic updating of customer identity information.

According to the CBE, the platform will support digital banking procedures, including the electronic acceptance of terms and conditions and electronic authentication for banking transactions and related instructions. The framework also sets requirements covering the governance of the platform, the responsibilities of participating parties, and the technical and operational standards for providing the services.

The regulations additionally address data protection and cybersecurity, forming part of the requirements for the secure delivery of Digital Financial Identity services.

The CBE said the initiative is intended to support the expansion of digital financial services and facilitate customers’ access to banking services through digital channels.

Source: Central Bank of Egypt
Published: 23 August 2026
Original article: The Central Bank of Egypt Issues Regulations Governing the Services of the Digital Financial Identity Platform for Identifying Bank Customers and Verifying their Identities Electronically (eKYC)

INDUSTRY IMPACT (IFD Editorial Insight)

The introduction of a formal regulatory framework for digital financial identity and eKYC provides banks with a defined framework for electronic customer identification and verification. For Islamic banking institutions operating within Egypt’s regulated banking sector, the development may also support the expansion of digital customer onboarding and banking services, subject to the applicable regulatory requirements. Its scope covers the wider Egyptian banking sector and digital financial services ecosystem.

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