Trends and Developments: Technological Revamping in the Saudi Arabian Financial Sector, published in Chambers & Partners, where our lawyers delved into the Kingdom’s success in promoting Open Banking policies and the Kingdom’s Central Bank Digital Currency projects.
Technological Revamping in the Saudi Arabian Financial Sector:
SAMA’s drive for open banking, As Saudi Arabia climbs up the ladder of global growing economies, increases trading with international partners and captures the attention of the world with its ground-breaking Vision 2030, the Saudi Central Bank (SAMA) is the driving force behind the innovation in the financial sector in the Kingdom of Saudi Arabia (KSA). SAMA’s innovation in the financial ecosystem is currently particularly focused on open banking as one of the multiple bricks that will contribute to shaping the new diversified Saudi economy.
