sirar by stc and Fintech Saudi sign an agreement to offer a discounted digital signature service package

Riyadh, Saudi Arabia, August 8, 2022 /PRNewswire/ — In an effort to support small and medium enterprises (SMEs), fintech companies and entrepreneurs, sirar by stc and Fintech Saudi sign an agreement to offer a discounted digital signature service package Under the patronage of His Excellency the Governor of the Digital Authority , Eng. Ahmed bin Mohammed Alsuwaiyan, the pioneering cyber security company sirar by stc signed an agreement with Fintech Saudi, in the presence of the Undersecretary of the Ministry of Communications and Information Technology for the Technology Sector Mr. Ibrahim Al-Nasser; the Deputy Governor of the Communications and Information Technology Commission for Information and Emerging Technologies, Mr. Raed Al-Fayez; Deputy Governor for Development and Technology at the Saudi Central Bank, Mr. Ziad Al-Yousef; and Deputy Head of Strategy and International Affairs at the Capital Market Authority, Mr. Yazeed AlDemaigi.

The agreement strengthens the integration between the Digital Government Authority and the Saudi Central Bank, to support SMEs, fintech companies and entrepreneurs to increase innovation and diversity of products and services through digital platforms, and increase the contribution of the digital public services to the national the economy, in line with the goals of Saudi Vision 2030. The agreement was signed by the CEO of the pioneering cyber security company sirar of stc, Eng. Fahad Al-Jutailyand the designated general manager of the Fintech Saudi initiative, Mr. Nezar Al Haidar. Under the agreement, sirar by stc will offer a digital signature service package at a 60% discount that will benefit SMEs, fintech companies and entrepreneurs.

This step is in line with the efforts of the Authority and all stakeholders and aims to improve the regulatory environment for digital services, facilitate business and strengthen strategic partnerships between public agencies and the private sector, to develop the digital ecosystem. The deputy governor for regulation and digital trust in the Digital Government Authority, Eng. Faris AlRabadi explained that this agreement aims to promote digital trust services, which help to improve the user’s experience, ensure that electronic transactions are carried out with high reliability and promote digital transformation in the Kingdom.

The Deputy Governor of the Saudi Central Bank for Development and Technology, Mr. Ziad Al-Yousefstated that this 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 ambitions of Saudi Vision 2030. The designated General Manager of Fintech The Saudi initiative, Mr. Nezar Al-Haidar expressed his happiness at signing this agreement and noted that it will support the empowerment of fintech companies by reducing their operating costs. The CEO of sirar by stc confirmed that this agreement comes within the framework of the company’s efforts to support and activate the fintech sector in KSA, which serves the purpose and plans for digital transformation in the Kingdom. Notably, the digital signature service allows users to digitally sign documents from anywhere at any time while ensuring reliability, authentication and security.

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