{"id":20146,"date":"2022-02-14T14:03:37","date_gmt":"2022-02-14T14:03:37","guid":{"rendered":"https:\/\/sanid.sa\/new-site\/?post_type=cpt_portfolio&p=20146"},"modified":"2025-09-23T21:01:20","modified_gmt":"2025-09-23T21:01:20","slug":"consulting","status":"publish","type":"cpt_portfolio","link":"https:\/\/sanid.sa\/new-site\/portfolio\/consulting\/","title":{"rendered":"Digital Banks and Fintechs"},"content":{"rendered":"\n
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Networking their way to millions.<\/figcaption><\/figure>\n\n\n\n

Digital banking is flourishing<\/h2>\n\n\n\n

In 2020, SAMA introduced its Digital Banking Framework to enable the establishment of fully digital banks in the Kingdom. Meanwhile, its regulatory sandbox has allowed fintech companies to test and launch innovative payment products in the market. As a result, mobile and digital payments are increasingly popular.<\/p>\n\n\n\n

Digital banks need to combine technology excellence with rigorous operational standards<\/h3>\n\n\n\n

Digital banks and fintechs are looking to scale quickly and offer customers the latest in payment technology. However, they must also make sure they are able to integrate with existing financial systems and services while meeting robust security and regulatory standards.<\/p>\n\n\n\n

<\/a><\/h4>\n\n\n\n
\n

Scale to demand<\/strong><\/div><\/summary>
\n

Digital banking platforms must integrate with other financial services and schemes while scaling to customer demand.<\/p>\n<\/div><\/details>\n\n\n\n


<\/a>Provide a user-friendly experience<\/strong><\/div><\/summary>
\n

Saudi customers expect seamless, user-friendly and personalised digital experiences with minimal downtime.<\/p>\n<\/div><\/details>\n\n\n\n


Provide customers with a choice of payments<\/strong><\/a><\/div><\/summary>
\n

Digital banks and fintechs must offer their customer a range of ways to pay, such as QR codes, pre-paid cards and mobile payments.<\/p>\n<\/div><\/details>\n\n\n\n


<\/a>Protect against cybercrime<\/strong><\/div><\/summary>
\n

Digital banks and fintechs must invest in securing their platforms to protect against fraud, data breaches, and hacking attempts.<\/p>\n<\/div><\/details>\n<\/div>\n\n\n\n


<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

New technology is transforming banking and payments.<\/p>\n

Saudi Vision 2030 has helped spur on great advances in fintech and digital banking in the Kingdom. SANID offers a range of issuing and acquiring services designed to support this rapidly growing sector.<\/p>\n","protected":false},"author":1,"featured_media":22730,"comment_status":"closed","ping_status":"closed","template":"","cpt_portfolio_group":[108],"class_list":["post-20146","cpt_portfolio","type-cpt_portfolio","status-publish","has-post-thumbnail","hentry","cpt_portfolio_group-process-modeling"],"_links":{"self":[{"href":"https:\/\/sanid.sa\/new-site\/wp-json\/wp\/v2\/cpt_portfolio\/20146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sanid.sa\/new-site\/wp-json\/wp\/v2\/cpt_portfolio"}],"about":[{"href":"https:\/\/sanid.sa\/new-site\/wp-json\/wp\/v2\/types\/cpt_portfolio"}],"author":[{"embeddable":true,"href":"https:\/\/sanid.sa\/new-site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sanid.sa\/new-site\/wp-json\/wp\/v2\/comments?post=20146"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sanid.sa\/new-site\/wp-json\/wp\/v2\/media\/22730"}],"wp:attachment":[{"href":"https:\/\/sanid.sa\/new-site\/wp-json\/wp\/v2\/media?parent=20146"}],"wp:term":[{"taxonomy":"cpt_portfolio_group","embeddable":true,"href":"https:\/\/sanid.sa\/new-site\/wp-json\/wp\/v2\/cpt_portfolio_group?post=20146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}