Saudi Central Bank introduces advanced Regulatory Sandbox
The Saudi Central Bank (SAMA) has launched the "Regulatory Sandbox" service, developed through the Electronic Services Portal, to facilitate the process of submitting and tracking applications and to encourage innovation in the financial sector. This step is part of the bank's efforts to enhance the regulatory environment and support the growth of the fintech sector in the Kingdom, in response to the increasing demand for testing innovative business models. The service can be accessed through the Central Bank's official website.
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