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The Saudi Central Bank (SAMA), represented by the Digital Transformation Committee (DTC), held the first quarterly meeting on digital transformation at its headquarters in Riyadh. The meeting was chaired by the Deputy Governor for Digital Transformation, Mr. Abdullah I. Alsaleh, and was attended by representatives of licensed financial institutions in the banking sector.

This event comes against the backdrop of DTC formation by SAMA, which aims to promote integration and coordination of digital initiatives between SAMA and financial institutions, and to accelerate digital transformation in the financial sector.

The meeting discussed several joint digital initiatives, primarily the development of data-sharing frameworks, the enhancement of technical integration and the improvement of joint digital channels.

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Alsaleh emphasized that this meeting is part of SAMA's efforts to advance digital transformation in the financial sector in line with the objectives of Saudi Vision 2030, with the aim of fostering more efficient financial services, improving user experience and promoting innovation in the financial sector.

It is worth noting that the DTC was established to advance SAMA's initiatives related to digital transformation and technical integration between SAMA and financial institutions. The committee is tasked with overseeing the regulation and development of such initiatives, promoting digital integration, and streamlining digital services that improve user experience while supporting sustainable, inclusive growth.