The Saudi Arabia Monetary Authority

Felix I. Lessambo ()
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Felix I. Lessambo: Fordham University

Chapter Chapter 21 in Fintech Regulation and Supervision Challenges within the Banking Industry, 2023, pp 255-265 from Palgrave Macmillan

Abstract: Abstract The Saudi Central Bank and the Capital Market Authority (“CMA”) established Fintech Saudi as part of the Financial Services Development Program. In 2018, SAMA launched Fintech Saudi and the establishment of the regulatory sandbox for experimental permits to carry out fintech activities. In 2020, SAMA approved the introduction of new laws governing the fintech sector, notably debt-based crowdfunding and payment service provider (PSP) activities.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-031-25428-4_21

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DOI: 10.1007/978-3-031-25428-4_21

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