Fintech regulatory environment in Saudi Arabia governed by SAMA, CMA, and the Saudi Fintech strategy — including open banking, digital payments, and lending regulations.
Ask GCC LexAI about Fintech →The Saudi Central Bank (SAMA) operates a regulatory sandbox (Fintech ExperimentaL Lab, or FUEL) and has issued frameworks for buy-now-pay-later, digital lending, and open banking under its Fintech strategy.
SAMA published the Open Banking Framework requiring banks to provide APIs for account information and payment initiation services to licensed third-party providers, enabling Saudi Arabia's shift to an open banking ecosystem.
The Capital Market Authority (CMA) regulates investment-related fintech including robo-advisory, crowdfunding, and digital brokerage through its regulatory sandbox and specific fintech regulations.