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Saudi Central Bank launches Regulatory Sandbox
The Saudi Central Bank, "SAMA," has launched the "Regulatory Sandbox" service, developed through the Electronic Services Portal, with the aim of fostering innovation in the financial sector and facilitating the entry of companies and financial institutions into it. This step is part of the bank's efforts to improve the regulatory environment and support the growth of fintech in the Kingdom. The service allows supporters to test business models and innovative concepts more efficiently.
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