Saudi Central Bank Completes Connectivity to Saudi Business Center through "Tanfeeth" Program

Saudi Central Bank workshop on Islamic Finance stresses on research, development
Saudi Central Bank workshop on Islamic Finance stresses on research, development

The Saudi Central Bank (SAMA) announces the completion of connectivity to the Saudi Business Center utilizing "Tanfeeth" program.

The solution aims at optimizing system connectivity and integration between Saudi government entities and banks operating in the Kingdom of Saudi Arabia, with a view to promoting automation of processes and acceleration of work flows to realize Saudi Vision 2030 objectives.

SAMA highlighted that "Tanfeeth" program seeks to promote operational efficiency by overcoming procedural hurdles in coordination with the government entities.

It is also a step towards achieving the strategic objectives of SAMA by upgrading its IT infrastructure and optimizing administrative processes including speed, quality, and integration with the financial institutions operating in Saudi Arabia.

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