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Jurisdiction
Saudi Arabia
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Regulations
1
Open Banking frameworks
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Region
Middle East
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Type
NCA
National Competent Authority
About SAMA
The Saudi Central Bank (SAMA) is the primary financial regulatory authority in Saudi Arabia responsible for overseeing open banking and financial services. As a National Competent Authority (NCA), SAMA ensures that banks and third-party providers comply with open banking regulations, protecting consumers while fostering innovation in financial services.
Jurisdiction
Saudi Arabia
View Open Banking providers, banks, and TPPs in Saudi Arabia
Regulations Overseen
SAMA is responsible for enforcing and monitoring compliance with the following open banking and financial regulations:
Key Responsibilities
Licensing and authorizing Third-Party Providers (TPPs) including AISPs and PISPs
Ensuring banks provide secure API access to authorized third parties
Monitoring compliance with Strong Customer Authentication (SCA) requirements
Investigating complaints and enforcing consumer protection standards
Publishing guidance and technical standards for open banking implementation
Coordinating with other regulators on cross-border open banking matters
Official Resources
Related Regulators
Other open banking regulators in Middle East:
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