A banking model designed for youth who are below the legal age for holding a bank account. It typically comes with a variety of parental controls.
A model where third parties integrate with banking services through their digital banking solutions, in order to provide it on their own platforms. Also known as Banking-as-a-Service.
An online platform that allows users to invest their savings across multiple options, including stocks, mutual funds, exchange-traded fund, cryptocurrencies, or curated portfolios.
Substituting information, such as financial data, with a randomized code.
A cybersecurity measure where users are granted access to portals or services after two layers of verification.
A traditional savings practice where groups of people, such as family members or peers, periodically deposit money into a common pool, which is then used to make payouts to members in turns.
The Saudi Arabian Riyal Interbank Express, a real time electronic payments system available through Saudi banks.
Saudi Central Bank
Short term programs offered by regulators that allow startups and enterprises to test their solutions in a controlled environment.
The Society for Worldwide Interbank Financial Telecommunication. It is a global communication network of banks, and is widely used to enable inter-bank money transfers.