Regulatory Alerts2023-09-21
Use the Local Tech Product Guide when Ordering Those Products
The Saudi Central Bank (SAMA) instructs financial institutions to utilize the newly launched Local Tech Products Guide when procuring technical services, in accordance with Article 2 of the Communications and Information Technology System. The guide catalogs technical products developed by leading local companies to serve banking, insurance, and financing sectors. Institutions must ensure full compliance with existing SAMA directives, particularly those governing third-party outsourcing arrangements.
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