Arab News, Sunday, Jan 17, 2021 | Jamadi Al Thani 4, 1442
Saudi central bank starts receiving Regulatory Sandbox applications
Saudi Arabia: The Saudi Central Bank (SAMA) has started to
receive applications to test the innovative financial technology (fintech)
services and products in the experimental regulatory environment "Regulatory
Sandbox" until Feb. 13.
On Dec. 15, 2019, SAMA announced that it started to receive the "Regulatory
Sandbox" applications, according to data compiled by Argaam.
The sandbox aims to attract local and international fintech institutions and
companies to benefit from the state-of-the-art technology, so that they can
provide innovative financial services to start-ups, fintech companies, financial
services firms and professional services companies in Saudi Arabia.