SAMA's Open Banking framework requires all banks and fintechs to implement open banking APIs. Part of Saudi Arabia's Vision 2030 to modernize the financial sector and promote fintech innovation. Use this page as a working reference when you compare banks, products, and regulatory timelines.
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Jurisdiction
Saudi Arabia
📅
Effective Date
2022
Feb 1, 2022
✅
Full Compliance
2024
Jun 1, 2024
🏛️
Regulator
Saudi Central Bank
Overview
SAMA's Open Banking framework requires all banks and fintechs to implement open banking APIs. Part of Saudi Arabia's Vision 2030 to modernize the financial sector and promote fintech innovation.
Scope & Coverage
AISPIS
Key Requirements
1
API Gateway connectivity2
TPP licensing3
SCA implementation4
Consumer consentKey Notes
Central API hub model. Strong government backing as part of Vision 2030.
Official Resources
Related Regulations
Other open banking frameworks in Middle East:
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