Saudi Central Bank (SAMA) permits fintechs to practice open banking
By Saudi Central Bank
SAMA has authorised three new fintech startups to test their innovative solutions in its regulatory sandbox. “XSquare" and “NeotTek" are authorized to launch an open banking platform, and “MoneyMoon" is authorized to launch a peer-to-peer lending platform. With these additions, the total number of fintechs operating under SAMA's regulatory sandbox increased to 19.
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