The Saudi Central Bank has launched an enhanced Regulatory Sandbox Service through its e-services portal, upgrading how companies and financial institutions apply to test innovative financial solutions under its supervision. The main change is a more digital and automated process designed to make access to the sandbox more efficient and to simplify onboarding for applicants. The enhanced service adds fully integrated automated processes and an advanced system for submitting and tracking applications. The upgrade is intended to improve the applicant experience and responds to growing demand to test new business models and concepts as Saudi Arabia's fintech sector develops.

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