SAMA permits Open Banking Solutions providers in Regulatory Sandbox
Saudi Central Bank (SAMA) issued Regulatory Sandbox approval affecting Wally Global Arabia, Sanam Aliliddikhar for Information Technology, Istishraf Al-Bayanat for Financial Technology, Spare Arabian Financial Company on September 29, 2022.
- Primary
- Saudi Central Bank (SAMA)
- Counterparty
- Wally Global Arabia, Sanam Aliliddikhar for Information Technology, Istishraf Al-Bayanat for Financial Technology, Spare Arabian Financial Company
- Structure
- Regulatory Sandbox approval
- Date
- September 29, 2022
- Sub-sector
- Financial Data / Open Banking
SAMA expands fintech ecosystem by permitting multiple companies to test Open Banking Solutions, advancing digital financial infrastructure in Saudi Arabia.
Source: al-monitor.com