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ID: cmkd3hdhx000267lykk447pqvAnnouncementACTIVE
Streamlined Fintech Licensing Process
12/5/2024
SRC: SAMA
EXECUTIVE_SUMMARY
Fast-track licensing pathway reduces approval time from 6 months to 90 days for eligible fintechs
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."
FILE_PROPERTIES
- Published
- 12/5/2024
- Source
- SAMA
- Status
- PUBLISHED