neotek is pleased to announce that it has received a license from the Saudi Central Bank (SAMA) to operate within the regulatory sandbox. This approval highlights SAMA's confidence in neotek's capabilities to develop cutting-edge financial technology solutions.

Ryan Al-Quwaie, CEO of neotek, emphasized the company's commitment to enhancing the digital infrastructure of the Kingdom's financial sector by offering innovative products and solutions that support digital transformation and contribute to the sector's growth. Al-Quwaie stated:

"We are grateful to the Saudi Central Bank for granting neotek the license to operate within the regulatory sandbox. We are proud to be part of this pioneering initiative that aligns with the goals of Saudi Vision 2030."

He further noted that neotek's future plans include the development of new technologies that address the evolving market needs, ensure transparency and efficiency in financial operations, and provide secure and reliable services to customers. The company also aims to strengthen collaboration with government and private entities to drive innovation and growth in the financial sector.

As a leading FinTech company, neotek is dedicated to transforming access to data and enhancing consumer financial experiences through innovative solutions. With an open ecosystem, neotek operates as an independent data aggregator, providing access to extensive data sets at high speeds, enabling clients to effectively support a diverse range of consumer needs.