The Saudi Central Bank (SAMA) announces the completion of connectivity project between SAMA and the General Organization for Social Insurance (GOSI) utilizing "Tanfeeth" network. The solution aims at optimizing system connectivity and integration between Saudi government entities and banks operating in the Kingdom of Saudi Arabia through the Saudi Central Bank, with a view to promoting automation of processes and acceleration of work flows and operations, in line with Saudi Vision 2030.

SAMA highlighted that "Tanfeeth" program aims to promote efficiency efforts led by SAMA to improve and consolidate partnerships with the government entities, understand the public sector needs and overcome coordination and procedural hurdles. It is also a step towards achieving the strategic objectives of the Saudi Central Bank, including improving technological capabilities of the IT infrastructure, upgrading services, optimizing administrative processes by improving both speed and quality, while achieving integration with the financial institutions operating in the Kingdom.