Riyadh – Mubasher: STC Bank, formally known as stc pay and one of the leading digital innovators in the listed Saudi Telecom Company (stc) portfolio, is joining the 24 Fintech three-day event in Saudi Arabia as a Founding Partner.
Being the newest and first digital bank in the Kingdom, STC Bank obtained the approval of the Saudi Central Bank (SAMA) in April 2024 and will officially launch its commercial services later this year, according to a press release.
Saudi Arabia’s new flagship fintech event is forecast to elevate the global financial technology sector in Riyadh as it is hosting finance, policy, technology and investment leaders from around the world.
Among the topics to be discussed at the event are governance, risk and policy, cybersecurity, global interoperability, and innovation in payments.
The Executive Summit, 24° Trends, the Futures Forum, and Fintech Fusion are the four unique streams featured at the event where STC Bank will showcase its offerings and services while the visitors will be able to download the STC Bank application, pre-register, and gain early access once the bank launches later in 2024.
STC Bank has evolved from the highly successful stc pay, Saudi Arabia’s first and most popular digital wallet. STC Bank has been available to a select group of customers following SAMA’s approval in April 2024. The bank will expand its offerings to include a full suite of banking products, building on the innovations and services that stc pay customers have come to appreciate.
24 Fintech is launched in the Saudi capital on 3-5 September, with Visa participating also as a Founding Partner while the Gulf International Bank (GIB) - Saudi Arabia is the Silver Sponsor.
