KSA, 25 February, 2025 : The Saudi Central Bank (SAMA) has granted approval to four FinTech startups to test their solutions within its Regulatory Sandbox. The startups include SpireTech (open banking), The Lending Hub and Soar (peer-to-peer lending), and Ldun (micro, small, and medium enterprises factoring).
This move reflects SAMA's ongoing efforts to advance Saudi Arabia’s FinTech sector, fostering innovation and financial inclusion.
For a list of licensed and permitted financial institutions, visit SAMA's official website.
Source : www.sama.gov.saRelated Posts
Why your two returns must tell the same story, and how to reconcile them before the FTA asksYour Co...
Read More
Core topic: Why the connections between accounts, transactions and business activity can reveal fina...
Read More
When everything looks legitimateA company is registered. Contracts are prepared. Documents are signe...
Read More