The Raqaba Regtech Portal (RRP) is an innovative platform established to provide comprehensive assistance and guidance on regulatory compliance, particularly within the Saudi Arabian financial sector. Founded by Ahmed Bishri, a seasoned executive with extensive experience in financial services, RRP aims to innovate the regulatory technology (Regtech) space. Its primary purpose is to serve as an interactive, AI-powered tool that offers detailed information and procedural guidance on regulations from the Saudi Capital Market Authority. The platform is designed to help users navigate complex regulatory landscapes efficiently, making it an invaluable resource for financial professionals, investors, and anyone interested in understanding Saudi financial regulations.

The Raqaba Regtech Portal was co-founded by Ahmed Bishri and Muhammed Jamaal Bishri. Ahmed Bishri, with over two decades of experience in the financial services sector, leads ValueExperts, a prominent corporate services and regulatory licensing firm in Saudi Arabia. He brings a wealth of expertise in compliance, risk management, governance, and strategic business development. Muhammed Jamaal Bishri, on the other hand, is a keen finance and business student with a strong inspiration for Regtech. His academic background and interest in financial technology complement Ahmed’s experience, making them a formidable team in driving the vision and success of RRP.

Together, Ahmed and Muhammed embody a blend of seasoned expertise and innovative, forward-thinking approach, positioning RRP as a leading force in the regulatory technology landscape.

In its initial phase, the Raqaba Regtech Portal (RRP) focuses on providing detailed information and guidance on a select group of regulations pertinent to the Saudi Capital Market Authority. These include the Securities Business Regulations (SBR), Capital Market Institutions Regulations (CMI), Investment Fund’s Regulations (IFR), and a comprehensive Glossary of Defined Terms. This targeted approach allows RRP to offer in-depth, specialized knowledge and assistance in these key areas, ensuring users receive accurate and thorough information relevant to their needs in the Saudi financial regulatory environment.

RRP leverages advanced AI technology, similar to the interactive capabilities of tools like ChatGPT, to provide a highly functional and user-friendly interface. This AI-powered platform allows users to interact seamlessly with the portal’s chatbot, facilitating efficient and accurate responses to their inquiries. The AI assistant, tailored to understand and interpret regulations, can address user queries, assist in form-filling by offering template forms, and provide links to third-party vendors when necessary. Additionally, the AI system is designed to continually learn and adapt, ensuring that the information it provides stays current with the latest regulatory changes and developments. This integration of AI technology not only enhances the user experience but also ensures that RRP remains a reliable and up-to-date resource for regulatory compliance information.

The future expansion plans for the Raqaba Regtech Portal (RRP) are ambitious and comprehensive. In subsequent phases, RRP aims to encompass all available regulations from the Saudi Capital Market Authority (CMA) and potentially extend to cover regulations beyond the CMA’s scope. A key aspect of this expansion is leveraging the extensive working knowledge of co-founder Ahmed Bishri. Drawing from his rich experience and deep understanding of the regulatory landscape, RRP will elucidate and explain these regulations in an easy-to-understand manner. This approach ensures that users not only access a wide range of regulatory content but also receive explanations and guidance that make complex regulations more approachable and comprehensible.

The Raqaba Regtech Portal (RRP) is an invaluable tool for professionals in the financial services sector. It assists by providing clear, concise, and up-to-date information on Saudi Capital Market regulations, which are crucial for compliance and strategic decision-making. RRP’s AI-driven platform allows financial professionals to quickly find answers to specific regulatory questions, understand the implications of various regulations on their operations, and stay informed about the latest regulatory updates and changes. This not only saves time and resources but also enables professionals to make well-informed decisions, mitigate compliance risks, and maintain a competitive edge in the market. Furthermore, the portal’s educational aspect is beneficial for ongoing professional development, keeping users abreast of evolving regulatory trends and best practices.

Yes, the Raqaba Regtech Portal (RRP) is designed to be accessible and user-friendly, even for individuals who have limited knowledge of Saudi Capital Market regulations. The portal’s intuitive AI interface simplifies the process of navigating through complex regulatory information. Users can ask questions in natural language and receive clear, understandable answers. Additionally, the portal includes educational components, making it a valuable resource for learning and understanding the fundamentals and nuances of these regulations. Whether you are a beginner in the field or a seasoned professional, RRP provides a supportive environment to enhance your understanding of regulatory compliance in Saudi Arabia.

What sets the Raqaba Regtech Portal (RRP) apart from other regulatory information sources is not just its capability to interpret regulations but its unique integration of practical industry experience. The portal, powered by the 25-year expertise of co-founder Ahmed Bishri, brings these regulations to life by applying his vast real-world experience in the financial sector. Ahmed’s deep understanding of how these regulations operate in practical settings enriches the portal’s content, offering users not just interpretations but also insights into the real-life application of these rules. This approach provides a more comprehensive understanding of regulations, going beyond theoretical knowledge to include practical, actionable guidance. It’s this blend of regulatory interpretation and practical insight that makes RRP a standout resource in the regulatory technology space.

Interaction with the Raqaba Regtech Portal (RRP) is designed to be straightforward and user-friendly. Users can engage with the platform primarily through its AI-powered chat interface, which mimics the conversational style and responsiveness of advanced AI tools like ChatGPT. To ask a question, users simply type their query into the chat window. The AI assistant then processes the question and provides a clear, concise response. The platform is also equipped to handle follow-up questions, allowing for a dynamic and interactive learning experience. In addition to the chat feature, RRP provides easy navigation to various sections of the portal, where users can access additional resources, educational materials, and regulatory documents.

The Raqaba Regtech Portal (RRP) prioritizes maintaining the accuracy and relevance of its regulatory information. This is achieved through a diligent process managed by a team of professionals working alongside Ahmed Bishri and his team. They are responsible for continuously monitoring and updating the portal with the latest publications, amendments, and insights in the realm of Saudi Capital Market regulations. Furthermore, the real-life experiences and expertise of Ahmed and his team play a crucial role in ensuring that the information on RRP is not only current but also practically applicable. They bring a wealth of hands-on experience in dealing with these regulations, allowing RRP to offer users not just textual updates but also insights into how these regulations are applied and interpreted in real-world scenarios.

As of the current phase, the subscription model and pricing structure for the Raqaba Regtech Portal (RRP) have not been explicitly detailed. The platform aims to strike a balance between accessibility and financial sustainability. While some basic features and information might be available for free, advanced features, personalized assistance, and in-depth regulatory insights may be offered under a subscription-based model. This approach ensures that RRP can continue to provide high-quality, up-to-date regulatory information and services while also evolving and expanding its offerings. Users are encouraged to visit the portal for the most current information on subscription plans and access levels.

Yes, one of the key strengths of the Raqaba Regtech Portal (RRP) is its ability to assist users in understanding complex regulatory terms and jargon. This is achieved through the combined expertise of Ahmed Bishri and the AI assistant, Raqeeb. Ahmed, with his extensive real-life experience in the financial services sector, plays a crucial role in simplifying and explaining intricate regulatory concepts. Raqeeb, the AI assistant, is programmed to translate these explanations into user-friendly language, making complex regulations more accessible and understandable. This synergistic approach ensures that users not only get definitions but also practical interpretations and applications, helping them grasp how these terms are used and understood in actual financial scenarios.

Keeping pace with the rapidly evolving regulatory environment is a critical aspect of the Raqaba Regtech Portal (RRP). The platform achieves this through a dynamic, multi-faceted approach. Firstly, the team behind RRP, led by Ahmed Bishri, continuously monitors changes and developments in the regulatory landscape. Their expertise and active involvement in the financial sector ensure that RRP reflects the most current regulations and practices. Additionally, Raqeeb, the AI assistant, is designed with advanced AI technology that enables it to update its knowledge base regularly. This includes not just incorporating new regulations and amendments but also integrating fresh insights and experiences from Ahmed and his team. This approach ensures that RRP remains a reliable and up-to-date resource for users navigating the complexities of regulatory compliance.

Users of the Raqaba Regtech Portal (RRP) can expect comprehensive support for a wide range of queries. For general inquiries, Raqeeb, the AI assistant, is equipped to provide immediate, accurate responses based on its extensive database and the expertise embedded by Ahmed and his team. This includes guidance on standard regulatory questions, interpretations of terms, and assistance with basic procedural information.

For more customized or complex queries, users have the option to directly contact Ahmed and the Raqaba team. This direct line of communication ensures that specialized or intricate issues are addressed with the appropriate level of expertise and consideration. The team’s hands-on experience in the financial services sector enables them to provide tailored solutions and detailed explanations that go beyond the scope of automated responses. This blend of AI-driven assistance and human expert intervention ensures that all users’ needs are met with the highest standards of accuracy and relevance, making RRP a versatile and reliable resource in the regulatory technology landscape.