KSA, 18 December, 2024 : The Saudi Central Bank (SAMA) has approved the commencement of operations for D360, one of the Kingdom’s three licensed digital banks.
This move aligns with SAMA’s efforts to enhance financial sector stability, boost competition, and foster economic growth. The launch of D360 highlights Saudi Arabia’s dynamic economy and SAMA’s commitment to innovation through a strong regulatory framework.
SAMA emphasized the role of the banking sector in achieving Saudi Vision 2030, with digital banking playing a key part in meeting national development goals.
Source : www.sama.gov.sa
Related Posts
Real estate has long been one of the most attractive sectors for criminals seeking to disguise illic...
Read More
For years, regulatory enforcement in AML followed a familiar pattern. A bank was found to have weak ...
Read More
For many Corporate Service Providers, customer due diligence is often viewed as the most important s...
Read More