Sirar by stc signs partnership agreement with Fintech Saudi

By Leandra Monteiro

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 Government Authority, Eng. Ahmed bin Mohammed Alsuwaiyan, the 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, 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 economy , in line with the objectives of Saudi Vision 2030. Under the agreement, sirar by stc will offer a digital signature service package with 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 of the Saudi Central Bank for Development and Technology, Ziad Al-Yousef, stated that this agreement will contribute to the development of the fintech sector in the Kingdom, facilitate operations in the financial sectors, improve cooperation and coordination, and keep pace with global developments to achieve the ambitions of Saudi Vision 2030.

The Designated General Manager of the Fintech Saudi Initiative, Mr. Nezar Al-Haidar, expressed his delight at signing this agreement, noting that it will support the empowerment of FinTech companies by reducing their operating costs.