finpeel Answers · KSA · updated 2026-08-14
The Saudi Central Bank (SAMA). SAMA sets the Open Banking Framework and regulates payment-service activities such as Payment Initiation and Payment Account Information services.
Open banking sits within SAMA’s broader payments and financial-sector mandate, not the Saudi Capital Market Authority’s securities mandate.
If a product combines bank-data access with investment advice or securities distribution, the investment feature may separately engage the Saudi CMA.
Regulator: Saudi Central Bank (SAMA)
Primary sources: SAMA — Implementing Regulations of the Law of Payments and Payment Services · SAMA — Open Banking
Directional — not legal advice. Verify with the regulator before committing.
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