Saudi Investment Bank has declared a digital transformation partnership with global technology company SAP. The aim of this partnership is to support the digital banking market and develop customer experiences. Saudi Investment Bank Announced Digital Transformation Partnership with SAP

According to the company, bank is investing heavily on the SAP hybrid platform that iss powered by SAP. Other retail and corporate banks are also investing in digital transformation to fulfill customer demands. Additionally, the bank will get real time awareness about customers by using solutions running on SAP’s digital platform. In this way, bank can enhance customer experience and will make it easier to open accounts. Moreover, customers can apply for loans, acquire the different cards products, and enjoy all banking services via online channels, or on mobile devices.

Saudi Investment Bank Announced Digital Transformation Partnership with SAP

According to a recent report, the global digital banking market will grow by 25 per cent from SR45 billion ($11.99 billion) in 2018 to SR56 billion ($14.92 billion) in 2021.

SAP stated that the Saudi Investment Bank shows how intelligent enterprises can provide customers with faster and easier experiences, as in-person banking is replaced by digital banking, the bank can share insights on one digital platform to simplify business operations and customer journeys. Furthermore, the Saudi Investment Bank can provide the right banking products at the right time on the right mobile device.