3 Types of Actively Operating Fintechs in Saudi Arabia
16 June 2022•
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From late 2019, the government, and the Central Bank in particular, issued several new rules and regulations to support the development of new fintech companies, products and services including digital banking, robo-advisory, micro-financing and insurance to name a few. In early 2021, the Central Bank issued a policy document on Open Banking.
It should be noted that there are three types of Fintechs operating in the Kingdom currently, from a regulatory standpoint:
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