20 Hrs
Source:
بوابة الفجر
Financial Authority convenes Fintech Sandbox Advisory Panel
The General Authority for Financial Control held its first meeting of the Regulatory Laboratory Advisory Committee for Financial Technology Applications (FRA-Sandbox), with the aim of supporting financial innovation and developing a conducive legislative and regulatory environment for the use of financial technology in non-banking activities. The committee included a distinguished group of experts and officials. During the meeting, the achievements of the laboratory in its first year were highlighted, including the issuance of 5 approvals for innovative projects, the signing of 13 memoranda of understanding, and providing regulatory guidance to 37 entities. The committee aims to expand the scope of benefiting companies, promote international cooperation, and develop regulatory frameworks to support innovation and emerging financial technologies.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)