Sirar by stc signs partnership agreement with Fintech Saudi

By Leandra Monteiro

In a bid to support small and medium enterprises (SMEs), FinTech companies, and entrepreneurs, sirar by stc and Fintech Saudi sign an agreement to provide a discounted digital signature service package.

Under the patronage of his excellency the Governor of Digital Government Authority, Eng. Ahmed bin Mohammed Alsuwaiyan, the cybersecurity company sirar by stc signed an agreement with Fintech Saudi, in the presence of the Undersecretary of the Ministry of Communications and Information Technology for the Technology sector Mr. Ibrahim Al-Nasser; the Deputy Governor of the Communications and Information Technology Commission for the Information and Emerging Technologies’ sector Mr. Raed Al-Fayez; Deputy Governor For Development and Technology at Saudi Central Bank, Mr. Ziad Al-Yousef; and the Deputy Strategy & International Affairs at Capital Market Authority, Mr. Yazeed AlDemaigi.

The agreement solidifies the integration between the Digital Government Authority and the Saudi Central Bank, to support SMEs, FinTech companies and entrepreneurs to boost innovation and diversity of products and services through digital platforms and increase the contribution of the digital government services to the national economy, in line with the goals of Saudi Vision 2030. Under the agreement, sirar by stc will offer a digital signature service package discounted by 60% that will benefit SMEs, FinTech companies and entrepreneurs.

This step comes in line with the efforts deployed by the Authority and all stakeholders and aims to improve the regulatory environment for digital services, facilitate business, and strengthen strategic partnerships between government agencies and the private sector, in order to develop the digital ecosystem.

The Deputy Governor of the Saudi Central Bank for Development and Technology, Mr. Ziad Al-Yousef, stated that this agreement will contribute to the development of the fintech sector in the Kingdom, facilitate business in the financial sectors, enhance cooperation and coordination, and keep pace with global developments to achieve the aspirations of Saudi Vision 2030.

The designated General Manager of the Fintech Saudi initiative, Mr. Nezar Al-Haidar expressed his happiness towards signing this agreement noting that it will support the empowerment of FinTech companies by reducing their operating costs.