8 Hrs
Source:
المشهد العربي
Saudi Central Bank introduces Regulatory Sandbox
The Saudi Central Bank has launched the Regulatory Sandbox service within its electronic services portal to promote a vibrant financial innovation environment in the Kingdom. The service aims to facilitate access to the sandbox, enabling financial companies to test their products and services in a flexible and secure manner, with a workflow consisting of three phases spanning up to 12 months. This step supports the rapid growth of the fintech sector and provides a monitored environment for testing new models in the market.
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