Saudi Central Bank “SAMA” announced the licensing of Future Innovation for Digital Brokerage to practice digital brokerage activity for financing entities in the Kingdom.

The announcement came based on the rules of licensing activities supporting the activity of financing, which comes with the activity of digital brokerage, which aims to connect customers with financing entities according to their credit obligations and financial suitability. The announcement came based on the licensing rules for activities supporting the financing activity, which includes the digital brokerage activity, which aims to connect customers with financing entities according to their credit obligations and financial suitability, and offer them financing options available to them.

This step comes in line with the SAMA's licensing rules. This step comes as part of the Saudi Central Bank's role in supporting the empowerment of the finance sector by allowing the entry of activities that support the financing activity to strengthen and support the sector, attract a new segment of investors and companies that create added value, and ensure the efficiency of the work of these companies by adhering to the regulatory and supervisory requirements issued by the Central Bank.

The Central Bank of Saudi Arabia stressed the importance of the digital brokerage activity, which aims to link customers with financing entities according to their credit obligations and financial suitability, and offer financing options.

Saudi Central Bank, the continuous endeavor to support the finance sector, raise the level of efficiency and flexibility of financial transactions, as well as enable and encourage innovation in the financial services provided; to enhance the level of financial inclusion in the Kingdom and enable financial services to reach all segments of society.

This step contributes to enhancing the level of financial inclusion in the Kingdom and enabling access to financial services to all segments of society. This step contributes to achieving the objectives of the FinTech strategy that the Kingdom is among the leading countries in the field of financial technology, and innovation in technology-based financial services is the basis that enhances the economic empowerment of the individual and society.