SAMA Saudi Central Bank News

SAMA licenses Wukad Solutions finance aggregation services

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.

SAMA Updates Payment Systems Oversight Framework

SAMA (Saudi Central Bank) has updated its Payment Systems Oversight Framework, replacing the previous version. The updated framework applies to all payment service providers operating in Saudi Arabia, including banks and non-bank payment institutions. Key changes include enhanced requirements for operational resilience, cybersecurity controls, and consumer protection standards in payment services.

SAMA launches fintech open banking licensing under Vision 2030

The Saudi Central Bank (SAMA) announced the launch of a fintech open banking licensing framework under Vision 2030. The initiative establishes a regulatory pathway for fintech companies to obtain open banking licenses, expanding access to the Kingdom's financial services sector. Licensed entities will operate under SAMA's supervisory rulebook.

SAMA licenses two firms for open banking services

SAMA (Saudi Central Bank) has licensed two firms to provide open banking services in Saudi Arabia. This licensing action expands the ecosystem of authorized payment service providers operating in the country's open banking framework. The newly licensed entities join other permitted fintechs in SAMA's regulatory sandbox and licensed payment service providers.

SAMA Licenses Atyoun Payment Services Company

SAMA (Saudi Central Bank) announced the licensing of Atyoun Payment Services Company as an authorized payment service provider in Saudi Arabia. This grants the company official regulatory approval to operate within the Saudi payments sector under SAMA supervision. The announcement updates the public registry of licensed payment service providers in the Kingdom.