SAMA licenses Wukad Solutions finance aggregation services
Summary
SAMA (Saudi Central Bank) has granted a license to Wukad Solutions to provide finance aggregation services in Saudi Arabia. This licensing action brings Wukad Solutions under SAMA's supervised entities as a permitted finance service provider. The license is listed in SAMA's official registry of licensed finance entities.
What changed
SAMA has issued a new license to Wukad Solutions authorizing the company to provide finance aggregation services in Saudi Arabia. Finance aggregation services typically involve collecting and consolidating financial data from multiple sources on behalf of consumers or businesses.
Financial institutions, fintech companies, and businesses in Saudi Arabia that utilize or plan to utilize finance aggregation services should verify that their service providers hold appropriate SAMA licensing. This licensing action reinforces SAMA's ongoing supervision of the non-bank finance sector and ensures only authorized entities may provide such services.
What to do next
- Monitor SAMA's licensed entities registry for updates
- Review internal compliance procedures if engaging with Wukad Solutions for finance aggregation services
- Ensure any third-party finance aggregation partnerships comply with SAMA licensing requirements
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- Weekly Points of Sale Transactions
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- Report on Payments Usage Study 2023
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- Saudi Central Bank Portal for Open Data
- Finance and Exchange Rate
- Currency
- e-Services
- About
- Overview
- Saudi Central Bank Law
- Saudi Central Bank Functions
- Historical preview
- Organization Structure
- Saudi Central Bank Board of Directors
- International Relations
- Events Calendar
- Speeches
- Speeches of H.E. the Governor
- FAQs
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- Finance
- Payments
- Cyber Risk Control
- Financial Enforcement
- AML CTF
- Money Exchange
- Credit Information
- Related Links Saudi Central Bank Saudi Central Bank News SAMA Licenses “Wukad Solutions for Aggregation Services” Company to Provide Finance Aggregation Services News الاخبار SAMA Licenses “Wukad Solutions for Aggregation Services” Company to Provide Finance Aggregation Services 3/12/2026 3:30 PM
The Saudi Central Bank (SAMA) licensed “Wukad Solutions for Aggregation Services" company to provide finance aggregation services in Saudi Arabia.
This decision reflects SAMA's endeavor to support the financial sector, increase the efficiency of financial transactions, and promote innovative financial solutions for financial inclusion in Saudi Arabia.
SAMA emphasizes the importance of dealing exclusively with authorized financial institutions. To view licensed and permitted financial institutions, visit SAMA's website.
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