Digital Banking

Establish a new commercial bank powered by digital tools / technology that disrupts retail  deposit base by offering unique customer experience and access to value generative  products and services. Digital technology aid customer origination, customer retention and  customer engagement – leading to maximising the ability to capture customer wallet share For 20 years, Saudi has not issued a bank licence and now as a part of the Saudi Vision 2030  framework, there is an opportunity to apply for a new banking licence to establish a bank license (commercial + digital) offering full scale of commercial banking services Only 12 bank licenses locally, with latest issued in 2004 (Bank Albilad founded in 2004, recording profits of SAR 178 Million in 2006 and Net Profit over SAR 1.5billion in 2020) Opportunity to attract low cost deposits (USD 482 billion deposits with banks at marginal  deposit rates) and build efficient digital banking platform powered by AI and digital  technology Looking for a partner with banking experience/ know-how to invest and operate (comemrcial + retail banking)