Saudi Arabia unveils fintech program to boost financial innovation 

Saudi Arabia unveils fintech program to boost financial innovation 

RIYADH: Saudi Arabia has launched a new financial technology program called Makken to support and develop the sector in the Kingdom. 

Saudi Central Bank Governor Ayman Al-Sayari officially launched the initiative on Dec. 17 alongside the Capital Market Authority Chairman Mohammed El-Kuwaiz.

This program is an extension of the ongoing efforts by the bank, also known as SAMA, and the CMA to support and develop the fintech ecosystem and falls under the umbrella of the Financial Sector Development Program.  Saudi Arabia unveils fintech program to boost financial innovation