Thursday, December 1, 2022
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News FlashSAMA grants permits to four fintech companies

SAMA grants permits to four fintech companies

The Saudi Central Bank (SAMA) has licensed Wally Global Arabia, Sanam Aliliddikhar for Information Technology, Istishraf Al-Bayanat for Financial Technology and Spare Arabian Financial Company to provide open banking solutions under its regulatory sandbox, bringing the number of permitted fintech firms to 42, a statement confirmed.

SAMA has been working with market participants including banks and fintechs to develop an integrated platform for open banking.

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