Saudi Arabia’s Capital Market Authority Grants First Two Trial Fintech Licenses

July 10, 2018



It was also revealed that the Financial Technology Laboratory License (FTLL) is one of the CMA’s strategic initiatives resulting from the CMA’s “Financial Leadership 2020” program, which works under the umbrella of the Financial Sector Development Program; one of the Kingdom’s Vision 2030 execution programs. Dr. Bander Assad Alsajjan, CMA’s Deputy for Strategy and International Affairs, then noted: