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In a bid to support small and medium enterprises and fintech companies, cutting-edge cybersecurity company sirar by stc and Fintech Saudi, a catalyst for the development of Saudi Arabia’s financial services technology industry, have signed an agreement to providing a discounted set of digital signature services.
The agreement was signed by Fahad Al-Jutaily, CEO of sirar by stc, and Nezar Al-Haidar, Managing Director of Fintech Saudi. The signing ceremony took place under the patronage of the Governor of the Digital Government Authority Ahmed bin Mohammed Alsuwaiyan, and in the presence of Ibrahim Al-Nasser, Undersecretary at the Ministry of Communications and Information Technology for the technology sector; Raed Al-Fayez, deputy governor at the Communications and Information Technology Commission for the information technology and emerging technologies sector; Ziad Al-Yousef, Deputy Governor for Development and Technology at the Saudi Central Bank; and Yazeed Al-Demaigi; Deputy, Strategy and International Affairs at Capital Market Authority.
The agreement consolidates the integration between the Digital Government Authority and the Central Bank of Saudi Arabia, to support SMEs, fintech companies and entrepreneurs, to drive innovation and diversity of products and services through digital platforms, and increase the contribution of 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 bundle of digital signature services at a 60% discount, which will benefit SMBs, FinTechs and entrepreneurs. The digital signature service allows users to digitally sign documents from anywhere and anytime, while ensuring reliability, authenticity and security.
This partnership is a continuation of the efforts of the Authority and all players to improve the regulatory environment for digital services, facilitate businesses and strengthen strategic partnerships between administrations and the private sector, in order to develop the digital ecosystem.
Faris Al-Rabadi, Deputy Governor for Regulation and Digital Trust at the Digital Government Authority, said the agreement aims to promote digital trust services, which help improve user experience, ensure that electronic transactions are carried out with high reliability and promote digital transformation in the Kingdom.
Al-Yousef of the Saudi Central Bank said the agreement will contribute to the development of the fintech sector in the Kingdom, facilitate business in the financial sectors, strengthen cooperation and coordination and keep pace with global developments to achieve the aspirations of Saudi Vision 2030. .
Al-Haidar, managing director of Fintech Saudi, said the deal would support the empowerment of fintech companies by reducing their operating costs.
Sirar by stc CEO Al-Jutaily said: “The agreement is part of the company’s efforts to support and enable the financial technology sector in the Kingdom, which serves the goal and plans for Saudi Arabia’s digital transformation”.