1. Do you have a Minimum Viable Product (MVP) ready for testing?

   Your answer should be provided as Yes or No.

2. Have you integrated with any other entities in their development environment? If so, please provide information on which companies you have integrated with.

• Your answer should be provided as Yes or No.

• If the answer is yes, please specify the companies and provide information about them.

   

3. Please provide a detailed description of three or four testing scenarios outcomes to remove uncertainty, which could be arising from regulatory technology or business model and could not be reasonably or effectively simulated in a test environment. Specifically for each testing scenario, include a detailed description of the following:

• Testing objectives.
• A thorough description of tests to be performed is required.
• Relaxations/Waivers for any regulatory controls requested by SAMA to be used during testing.
• Associated risks and suggested mitigation plan for each scenario.
• Respective KRIs and KPIs for each testing need to be outlined as well as reference to threshold limits.
• Customer Safeguards to be put in place (eg. compensation to customers for any losses etc.)
• Please attach the testing scenarios (If possible).

Please provide details of the types of companies you expect to integrate with in order to go live and start operational activities in the Regulatory Sandbox.

Your answer should:

• Provide details of the following types of companies: other FIs, infrastructure providers, government entities, etc.
• Outline the ways in which these partners are going to assist towards achieving the testing objectives as these were outlined in Section B1 of the Form.

• Please note that your response to this question is optional and will not affect the evaluation of your application.

   

1. Please provide an exit and transition plan by including possible end-games of tests to be performed and the intended action for each end-game.

   Examples of possible end games are, for example:

• test/s is/are completed successfully and results support deployment of technology at a larger scale;
• test/s is/are completed successfully but results do not support the deployment of technology at a larger scale;

• test(s) has/have to be discontinued due to a technological failure, operational failure, indication of consumer detriment, etc.

   

2. Please provide evidence of a communications plan that would inform customers with:

• The duration, boundary conditions and associated risks for participating in the Regulatory Sandbox.

• Advance notification of the termination or when the proposed financial service can proceed to be deployed on a broader scale

   

3. Please attach the exit strategy (If possible).