A recent announcement made by the Moroccan Capital Market Authority (AMMC), which serves as the country’s regulating body for the country’s capital markets, detailed the establishment of a fintech portal on the AMMC website. The purpose of the brand new webpage is to make it easier for communication to take place between the regulatory body and “businesses active in the innovative financial technology sector.”
A Central Resource to Assist in the Promotion of the Development of New TechnologiesMoroccan
The Moroccan Capital Market Authority (AMMC), which is in charge of supervising the country’s financial markets, has just lately announced the opening of a brand new fintech portal on the AMMC website. The new portal’s purpose is to “assist market players in their projects and promote the development of new technologies that will help alter the financial industry,” as stated in the portal’s mission statement.
The American Monetary Management Committee (AMMC) has issued a statement indicating that the launch of the fintech site demonstrates the regulator’s openness to embrace innovations within the financial services industry.
“In order to increase the attractiveness of the capital market, the Moroccan Capital Market Authority recognizes the importance of remaining open to new developments in the financial sector. According to the statement, “The Authority has placed innovation support at the center of its strategic plan for 2021-2023 and plans to work closely with project leaders to foster the development of innovative technologies in the Moroccan capital market.”
Besides opening a communication channel for project leaders to liaise with the regulator, the statement added that the fintech portal provides a platform which enables innovators to “inquire about the legal framework applicable to their companies.”