In the wake of Vision 2030, the Kingdom’s financial sector is getting powered with new favorable regulations that in turn is breeding new frameworks for inculcating tech into banking and other finance related operations.
It comes as no surprise that the region’s fintech sector has attracted a massive investment of more than $347 million in the last 12 months and the fact that Saudi Central Bank is bringing an Open Banking framework by 2022 makes a great market for the fintech providers.