Core banking modernization
Industry
Banking & Financial Services
Saudi Arabia’s banking and financial services sector is undergoing rapid digital and regulatory transformation, from open banking to AI-driven risk management.
Priority challenges
What is actually hard here
Digital and open banking enablement
Regulatory compliance (SAMA)
Fraud and risk management
HAL capabilities
- Core banking and digital banking enablement
- AI and data analytics
- Governance and compliance advisory
- Cybersecurity
Relevant technologies
- Core banking platforms
- Open banking APIs
- Payments and treasury systems
- Data platforms and analytics
- Fraud and risk engines
Regulatory considerations
- Vision 2030 alignment
- SAMA, CITC, NCA and SDAIA / PDPL as applicable to the sector
Outcomes
- 01Modernization sequenced to keep the core stable
- 02Open finance propositions delivered inside the regulatory envelope
- 03Risk and fraud decisions supported by better data