EgyptTrust, a company specializing in electronic signature, digital identity, and information security services, has announced a strategic collaboration with Facephi, a company specializing in digital verification and fraud prevention technologies. This collaboration aims to raise security and trust levels in digital services provided to institutions and customers within the Egyptian market, on the sidelines of the Cairo ICT 2026 exhibition and conference.
Integrating fraud detection technologies into the local platform
Under the terms of the agreement, EgyptTrust will integrate Facephi's specialized fraud detection solutions into its local multi-tenant platform. This integration enables the provision of an integrated digital ecosystem to secure access to electronic services, verify user identities in real-time, and proactively detect tampering and fraud attempts, with a focus on protecting electronic transactions and certified digital signatures.
Growing digital fraud challenges
This move comes in light of the continuous rise in digital fraud risks both locally and globally, coinciding with the notable expansion in reliance on government platforms, digital banking services, and online contracting. These threats related to identity theft and impersonation cause financial and contractual losses, in addition to their negative impact on user trust in electronic transactions.
Dimensions of the partnership and future aspirations
Mohamed Kiwan, CEO of EgyptTrust, confirmed that his company has been striving for nearly two decades to establish trust in digital transactions in the Egyptian market and provide reliability comparable to traditional transactions, noting that the collaboration adds advanced technologies that allow institutions to securely expand their digital services. For his part, Carlos Odriozola, Strategy Director at Facephi, explained that risks usually begin at the customer onboarding stage and not just when executing transactions, confirming that the partnership supports his company's expansion plans in the Middle East and Africa, leveraging the long local experience of EgyptTrust, which is one of the first companies to be licensed by the Information Technology Industry Development Agency (ITIDA).