AnnouncementSource: SAMA
Streamlined Fintech Licensing Process
Thursday, December 5, 2024Featured Update
Quick Summary
Fast-track licensing pathway reduces approval time from 6 months to 90 days for eligible fintechs
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Streamlined Fintech Licensing Process
Digital Document
About this Update
SAMA announces expedited licensing procedures for innovative fintech startups
In a move to accelerate fintech innovation, SAMA has introduced a streamlined licensing framework.
Eligibility Criteria
- Innovative technology solution
- Minimum viable product demonstrated
- Compliance roadmap in place
- Qualified management team
"Startups can now launch in regulatory sandbox within 45 days of application."
Document Info
StatusPublished
Published Date12/5/2024
SourceSAMA