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SAMA launches Open Banking Lab to facilitate financial innovation

RIYADH: Open banking services in Saudi Arabia are set for a boost after the Kingdom’s central bank announced the launch of a new lab to allow businesses to test out their products against an established framework. The service is a new concept that enables the consumers of financial institutions to securely share their data with a third-party provider, facilitating new and
Saudi Arabia Ar Riya Council Of Ministers Financial Sector Development Program Under Saudi Vision Saudi Central Bank Open Banking Framework

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