The state of Open banking in Saudi Arabia
summary
Claims that 2022 is the breakout year for open banking in Saudi Arabia with a draft regulation due within months and full rules by 2023, backed by 3–4 banks by Q3 planning public information APIs and payments by H2 next year. Shows concrete numbers: 32 licensed banks, ~110 fintech startups, 16 licensed fintechs and 15 experimental permits in the sandbox expected to double, and roughly $832B banking market. Describes a budgeting/goal app built on Oracle Cloud using official APIs (no scraping), tested under sandbox user limits.
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chapters (14)
- 0:00Open Banking intro in KSA
- 1:55Global and regional growth
- 4:03KSA’s regulatory framework
- 6:53Fintech licensing & consumer protection
- 8:37KSA’s fintech ecosystem & goals
- 11:27Consumer trends & market opportunity
- 12:51KSA’s financial landscape & growth
- 14:35Open Banking infrastructure & players
- 15:56Collaboration & future of Open Banking
- 17:40Regulatory nudges & competition
- 19:25Q&A: Fintech journey & advice
- 24:42Q&A: Cloud & blockchain plans
- 26:48Q&A: Open APIs & timelines
- 29:14Closing remarks
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