The Saudi Central Bank (SAMA) has granted approval for four fintech startups to trial their solutions within its Regulatory Sandbox, furthering efforts to drive innovation in the financial sector. The newly-approved companies cover areas including open banking and peer-to-peer lending.
This move underscores SAMA’s ongoing commitment to encouraging fintech development and broadening financial inclusion across the Kingdom.
Since its launch in 2018, SAMA’s Regulatory Sandbox has supported 50 fintech firms in testing and refining their offerings under controlled conditions. This initiative aligns with Saudi Arabia’s financial technology strategy, which aims to strengthen the sector and accelerate digital transformation.
Gulf Economist Staff Writer