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Saudi Arabia Permits New Fintech Companies to Operate in Regulatory Sandbox
The Saudi Arabian Monetary Authority (SAMA) announced that it has Permitted 9 FinTech Companies as a new batch to operate in the Regulatory Sandbox. These companies have, therefore joined the list of companies permitted in the two previous cohorts, bringing
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3 Must-Attend Upcoming Fintech Events in Saudi Arabia
2018 was a key year for Saudi Arabia’s fintech sector as the government began to actively support the development of a healthy and vibrant fintech ecosystem. 2018 was marked by several milestones in the Saudi fintech landscape, with the launch
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Swiss Fintech Provider Crealogix Accelerates Middle East Expansion with New Office in Saudi Arabia
CREALOGIX, a leading international Fintech company headquartered in Switzerland announced the opening of its new office in Riyadh, Saudi Arabia. The Riyadh office will be headed by Jamal M. Habahbeh, an expert in technology transformation with over 28 years of
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Saudia Arabia Grants Fintech Experimental Permits to 3 Equity Crowdfunding Platforms
In reference to Fintech Experimental Instructions permits issued by the Capital Market Authority Saudia Arabia (CMA), Buthoor Solidarity, Afaq and Emkan Alarabiya will be able to experiment in equity crowdfunding which allows investors to participate in funding small and medium-size
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Saudi Arabia: 18 Companies Join Fintech Regulatory Sandbox
The Saudi Arabian Monetary Authority (SAMA) has selected 18 companies to form the second batch of ventures to join its fintech regulatory sandbox. The companies will be testing fintech solutions they intend to launch in the country. The 18 companies
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A Glimpse into Fintech in Saudi Arabia
Experts are optimistic about the outlook for fintech development in Saudi Arabia, which they claim will be driven by the tech-savvy, young population, and favorable government initiatives and support. Islam Al Bayaa, head of advisory at KPMG Al Fozan &
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MEFTECH 2019 To Support Fintech Ecosystem Growth in Saudi Arabia
MEFTECH, the Banking & Financial Technology event in the MENA Region, returns to Riyadh from 24th to 25th February 2019 at the Four Seasons Riyadh for its second edition in the Kingdom. MEFTECH is initiated by mada, the national payment
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Saudi’s Capital Market Authority FinTech ExPermit Batch Applications Are Closing Soon
In a bid to promote fintech innovation in the capital market, the Capital Market Authority (CMA) is accepting applications for the second batch for the Financial Technology Experimental Permit (FinTech ExPermit) that is closing soon—on the 15th of December 2018. The FinTech
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The Top 10 Fintechs in Middle East in 2024
Forbes Middle East has unveiled its Fintech 50 ranking, recognizing the region’s leading players that are revolutionizing the fintech landscape in the underserved region, spanning digital payment companies, open banking platforms, investment, saving, and lending apps. The list was constructed
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AWS to Invest $5.3 Billion Into Infrastructure Center in Saudi Arabia
Amazon Web Services (AWS) today announced it will launch an AWS infrastructure Region in the Kingdom of Saudi Arabia in 2026. The new AWS Region will give developers, startups, entrepreneurs, and enterprises, as well as healthcare, education, gaming, and nonprofit
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