Unleashing The Power Of Kingdom Fintech Landscape
With an increase in the number of smart phone payments in Saudi by 352%~19.7 Million in April 2021, the Fintech Market in Saudi is expected to reach transaction value of over USD 33 billion by 2023! Banks and financial institutions in Saudi Arabia are rapidly embracing this digital transformation at unparalleled speed to sustain their business needs and reduce the operational overheads.
The pertinent issues that banking executives in Saudi Arabia face include - changing customer expectations, cutthroat competition, increasing regulatory complexity, the pressure to streamline operations, and other factors are driving the push for reinvention and innovation posed by technology like fintech, open banking, digital lending, payments, evolving cybersecurity threats. What does it take to be a digital leader in these times?
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