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Saudi Arabia’s open banking strategy a game-changer

Press Room by Press Room
May 27, 2024
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CAIRO: Saudi Arabia’s embracing of open banking has transformed the region’s financial ecosystem, according to a top fintech CEO.

In an interview with Arab News, Abdulla Al-Moayed, head of Tarabut, praised the Kingdom’s central bank for its inclusive regulatory impact on the financial sector. 

In May 2022, the institution, also known as SAMA, went live with its open banking initiative, which has altered the future of financial…



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