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The bank is tracking the development of banks and fintechs to ensure their readiness to launch open banking services in Q1 2023

The Saudi Central Bank (SAMA) has launched the Open Banking Lab in line with the Open Banking Framework issued by SAMA November 2022.

Saudi Central Bank launches Open Banking Lab

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

The Central Bank of Jordan (CBJ) has issued instructions to regulate Open Finance services provided by all banks operating in the Kingdom.