The Morocco Fintech Center is born
To accelerate the development of fintechs in Morocco, the Morocco Fintech Center (MFC) has just been founded. This new association, composed in particular of representatives of the main banks FM6I, Tamwilcom and the Ministry of Economy and Finance, aims to form a common window for Fintechs to support their development through training support, incubation, acceleration and skills development and to provide them with understanding the regulatory environment and to facilitate access to financing, Bank Al-Maghrib (BAM) states in a press release. The MFC will also foster a collaborative fintech ecosystem that fosters partnerships and networking opportunities while promoting research and development in financial innovation.
After its founding, members served on the MFC’s first board of directors under the presidency of Abdellatif Jouahri, Wali of BAM. Therefore, Mustapha Lahlali was appointed as the managing director of the MFC. The representatives of the members who will sit on the monitoring committee and assist Lahlali in discharging his duties have also been named. The Council also decided on its priority actions, its budget and the contributions of its members.
Founding members:
- Ministry of Economy and Finance, represented by Nadia Fettah Alaoui;
- Ministry of Digital Transformation and Administrative Reform, represented by Amal El Fallah Seghrouchni;
- Bank Al-Maghrib, represented by Abdellatif Jouahri;
- Moroccan Capital Markets Authority, represented by Nezha Hayat;
- Insurance and Social Security Control Authority, represented by Abderrahim Chaffai;
- Mohammed VI Fund for Investment, represented by Badr Belkadi;
- TAMWILCOM, represented by Hicham Zanati Serghini;
- Digital Development Agency, represented by Sidi Mohammed Drissi Melyani;
- Al Akhawayn University, represented by Amine Bensaid;
- Mohammed VI Polytechnic University, represented by Khalid Baddou;
- Attijariwafa Bank, represented by Mr. El Kettani;
- Banque Centrale Populaire, represented by Naziha Belkeziz;
- Bank of Africa, represented by Mounir Kabbaj;
- CDG Invest, represented by Yassine Haddaoui;
- HPS, represented by Mohamed Horani.
