BIN Sponsorship under the Fintech enablement program helps expedite Fintechs get their payment propositions to market by leveraging SAB’s payment and regulatory infrastructure. The objective of BIN Sponsorship is to enable international fintechs to operate in the KSA and support local fintechs expand internationally. Furthermore, it serves as a retention strategy for our corporate clients and open up additional revenue streams.

A comprehensive white labeled wallet solution designed to empower Fintechs and Merchants to issue a wallet proposition for their customers. WaaS serves as a new channel to enhance SAB offerings, improve merchant stickiness, introduce new revenue streams and bring low cost liabilities by way of wallet deposits (pool accounts)

Embedding online mortgage finance application into property technology provider platforms (PropTechs) to accelerate mortgage business growth and enhance digital customer experience. Capitalising on the PropTech’s customer base to expand SAB’s mortgage business by acquiring new customers, resulting in increased profitability and serving as a key pillar of SAB’s retail strategy to grow market share in the mortgage business/p>

A short-term working capital financing proposition that empowers MSMEs to break down large supplier payments into smaller installments. B2B BNPL is variation of the Retail BNPL for Corporate accounts to help expand SAB’s market share by improving cash flow of MSMEs resulting in stronger relationships and acquiring new customers thereby opening up new revenue opportunities.

SAMA announced that Open Banking Program Phase II i.e. Payment Initiation Services (PIS), a follow-up to Account Information Services (AIS), is expected to be mandated by mid 2024. Data Implementation of PIS by partnering with fintechs and optimizing market data-driven campaigns will result in increased business volumes and augmented revenues. This also opens the opportunity to monetize data, APIs and micro services.

An efficient payment solution that enables merchants to receive online payments directly eliminating the need of intermediaries (card schemes i.e. mada, Visa, Mastercard). A comprehensive, secure and cost effective payment channel for merchants. New revenue opportunity with minimal implementation efforts and faster time to market as this solution will utilise the existing Request to Pay (RTP) platform provided by Saudi Payments

Provide corporate clients, SMEs and merchants a user-friendly platform to showcase their products and services to a wider audience. The marketplace solution is an ecosystem banking proposition that enhances intuitive navigation and streamlines processes for SAB’s corporate clients, SMEs and merchants serving as a revenue-generating channel for the bank.

An AI driven, fully digital and flexible short-term financing proposition against POS sales for the fast growing Micro, Small and Medium (MSME) merchant segment. A pre-approved financing product that utilizes predictive analysis tools to evaluate eligibility for expeditious financing decision making resulting in expanding SAB’s market share in the MSME segment, improving stickiness and accelerating revenue recognition.

SAB to offer a unique proposition exclusively designed for video gamers with associated benefits, rewards and offers. To penetrate the video gaming industry with innovative financial products that provide an exceptional experience and influence gamers to adopt SAB as their primary bank through life-cycle marketing and cross selling other SAB products.

Converting unutilized credit facilities of large corporate clients by enabling payment of invoices to suppliers through discounted invoices. This platform will potentially convert the passive facilities provided by the bank into revenue generating streams leading to improved profitability for SAB, cost optimization for large corporates and better cash flow for suppliers.

Liaison with SAMA and introduce CBDC use cases in the KSA market for key business domains. SAB to be a key contributor in the CBDC & Virtual Asset initiative under Vision 2030 that aims to achieve financial innovation, improve the speed & dependability of domestic/cross border payments, improve efficiency of Interbank / Central Bank settlements, and greater transparency in transactions.

Consolidated subscription management solution that provides customers an enhanced experience with a holistic view and full control of all their subscriptions using SABMobile. The improved customer engagement resulting from the above service will open up opportunities to up-sell, cross-sell, and create customised product and advertising offers.

End-to-end digitization solution to simplify the complex manual cash collection process between wholesale suppliers and retailers. A cash management solution that reduces collections burden on the wholesalers and the bank, potentially expanding the merchant base and generate additional revenue.

Offer Embedded Finance and banking products & services access through APIs as part of the Bank’s digital strategy. SAB to be the leading bank of choice for Fintechs and non-financial institutions by creating new value propositions that reshape financial services by adopting different business models in response to the changing trends by leveraging SAB’s banking infrastructure to enhance user experience and address market opportunities resulting in new revenue streams.