Saudi Arabia has been revealed in a new survey as the top digital banking market in the Middle East and North Africa, with more than three-quarters of banking customers using online or mobile apps.<\/p>\n
In a survey of regional banking customers by research firm ArabNet, 76% of Saudi banking customers use digital platforms and 60% use online and mobile apps, both ranking highest in the region.<\/p>\n
Top Saudi digital banking offerings are loyalty programmes (53%), mobile discount coupons (51%), and virtual prepaid debit cards (50%), according to McKinsey<\/a>.<\/p>\n \u201cThe kingdom is one of the world\u2019s most digitally-advanced countries and banks are leading their transformation with real-time digital solutions to meet their customers\u2019 banking needs,\u201d said Khaled Alsaleh, Managing Director, SAP Saudi Arabia.<\/p>\n \u201cSaudi banks are driving new and innovative banking models in line with Saudi Vision 2030 goals for economic growth and diversification.\u201d<\/p>\n Across the Middle East and North Africa, banking and security firms are driving their digital transformation, with US$12 billion being invested in technology, according to research firm<\/a> Gartner.<\/p>\n Among the kingdom\u2019s biggest digital banking growth drivers are moving to the cloud, which SAP supports with the recent launch of its local public cloud data cent<\/a>re in the kingdom.<\/p>\n \u201cWe are co-innovating with Saudi banks on breakthrough cloud-based technology innovations in artificial intelligence, machine learning, blockchain and the Internet of Things to optimise costs, foster innovation, and transform the digital and in-person customer experiences,\u201d said Alsaleh.<\/p>\n Recognising the company\u2019s success, SAP Saudi Arabia was recently recognised as Best Technology Provider \u2013 Middle East<\/a> at the Banker Middle East Awards.<\/p>\n In the kingdom, SAP is also working closely on enabling the digital transformation of leading banking and financial institutions, including the Islamic Development Bank<\/a> and the Saudi Arabia Monetary Authority<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Saudi Arabia has been revealed in a new survey as the top digital banking market in the Middle East and North Africa, with more than three-quarters of banking customers using online or mobile apps. In a survey of regional banking customers by research firm ArabNet, 76% of Saudi banking customers use digital platforms and 60% […]<\/p>\n","protected":false},"author":18,"featured_media":27581,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1741,4724,3032,809,3629,16,78,791,79],"tags":[6068,534,1038,790,5009,562,285,429,240,277],"class_list":["post-27578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-finance","category-countries","category-industry-verticals","category-more-news","category-newsletter","category-regional-news","category-regional-news-newsletter","category-ksa","category-used","tag-arabnet","tag-banking","tag-digital-banking","tag-ksa","tag-mckinsey","tag-middle-east","tag-mobile","tag-north-africa","tag-sap","tag-saudi-arabia"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/27578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/comments?post=27578"}],"version-history":[{"count":3,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/27578\/revisions"}],"predecessor-version":[{"id":27583,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/27578\/revisions\/27583"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/media\/27581"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/media?parent=27578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/categories?post=27578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/tags?post=27578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}