
A significant advancement in the fintech sector!
The Saudi Central Bank #SAMA has announced the start of licensing fintech companies to provide Open Banking services, following their completion of Regulatory Sandbox testing phase.
Open Banking enables customers to securely share their financial data with licensed entities, allowing access to more efficient and innovative financial services, such as bank account management on a single platform and personalized financial solutions.
This step enhances innovation in the fintech sector, improves transaction efficiency, and supports financial inclusion in the #SaudiArabia.

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