Tagged: Saudi Arabian Monetary Authority

Fintech: Saudi Arabian Monetary Authority to Allow 9 More Financial Technology Firms to Participate in National Regulatory Sandbox Program

April 20, 2020 @ 7:35 am By Omar Faridi |

The Saudi Arabian Monetary Authority (SAMA), the nation’s reserve bank which is also responsible for ensuring the growth and soundness of the Kingdom’s financial system, confirmed on April 19, 2020 that it will allow nine more Fintech firms to provide services through a regulatory sandbox… Read More

Saudi Arabia-based Riyad Bank Invests $26.7 Million into its Newly-Launched Fintech Startup Investment Program

November 5, 2019 @ 7:24 am By Omar Faridi |

Saudi Arabia-based Riyad Bank, one of the largest financial institutions in the Middle Eastern Kingdom, has decided to invest SAR 100 million (appr. $26.7 million) into its newly-launched Fintech startup investment program. Riyad Bank says it’s planning to accelerate the launch of new financial products… Read More