Vision Bank’s Hamad Alqunaibet On Redefining Digital Banking In Saudi Arabia
Vision Bank recently received the “no objection” from the Saudi Central Bank (SAMA) to commence its banking operations in the Kingdom.
“In the Saudi market, innovation is a must.”
So said Hamad Alqunaibet, Chief Business Officer of Vision Bank, Saudi Arabia's newest sharia-compliant digital bank, in an interview with Inc. Arabia on the sidelines of this year’s edition of Money20/20 Middle East.
“Banking in the past four years has progressed significantly in terms of digital presence,” Alqunaibet said. “That’s why our approach is to innovate and continue to innovate within the market."
Vision Bank recently received the “no objection” from the Saudi Central Bank (SAMA) to commence its banking operations in the Kingdom, which has paved the way for the introduction of its innovative financial services to the general public.
And while its rollout begins, Vision Bank’s roadmap is already set, Alqunaibet said. “Our focus in the beginning is retail and then SME; we are also approaching embedded finance and banking-as-a-service in the future,” he said. “We look forward to being a key player in digital banking and in the banking industry in Saudi Arabia.”
Check out the full video for more of what Alqunaibet had to say.
Pictured in the lead image is Hamad Alqunaibet, Chief Business Officer of Vision Bank.
