Tag: SAMA

Tackling financial crime risks across Middle Eastern markets

The region’s regulatory landscape reflects both global pressures and local realities. With the FATF driving international standards, Middle Eastern countries are under scrutiny to...

Regulatory change drives AI adoption in MENA banking

The Middle East and North Africa’s banking sector is experiencing a major shift as regulatory demands intensify and digital transformation accelerates. Financial institutions are...

Saudi Arabia's FinTech investment more than doubles in 2023 despite global drop Key Saudi FinTech investment stats in 2023: • Saudi FinTech companies raised a combined...

Lendo secures $28m in Series B funding for Shariah-compliant crowdfunding

Lendo, a Saudi Arabia-based FinTech company specialising in Shariah-compliant debt crowdfunding, has successfully secured a substantial Series B funding of SAR 105m ($28 million).

Hong Kong, Saudi Arabia forge partnership for FinTech innovation

The Hong Kong Monetary Authority (HKMA) and the Saudi Central Bank (SAMA) have recently initiated a partnership.

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