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Saudi Central Bank Debuts Enhanced Regulatory Sandbox
The Saudi Central Bank, "SAMA," has launched the "Regulatory Sandbox" service, developed through the electronic services portal, with the aim of supporting innovation and enhancing the growth of the financial sector in the Kingdom. The service aims to facilitate the process of submitting applications and follow-up with high flexibility, as part of efforts to develop the regulatory environment to enable companies and financial institutions to test innovative business models amid increasing demand for modern financial technologies.
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