The shift towards digital banking in Saudi Arabia is being influenced by both the preferences of millennial customers and the government’s efforts. A significant majority of bank account holders in the country, 80%, now prefer to bank online instead of visiting a physical branch. Financial organizations that adopt a digital-first strategy will be well positioned to succeed in this new financial environment.
- The key factors contributing to the growth of digital banking in Saudi Arabia
- The potential obstacles that banks need to be aware of in their digital transformation
- The advantages of early adoption of digital technology for financial institutions