Saudi Arabia inaugurates program to link government systems with banks

Reuters Images/Fahad Shadeed
The Saudi Arabian Monetary Authority (SAMA) launched the "Tanfeeth" program

RIYADH — The Saudi Arabian Monetary Authority (SAMA) launched on Thursday the "Tanfeeth" program that aims to provide direct link between the technological systems of government and banks operating in the Kingdom. The program is set to provide integration between them.

SAMA clarified that it seeks through "Tanfeeth" program to promote the level of cooperation with government agencies to overcome difficulties and obstacles that may face the joint work between SAMA and other entities.

Moreover, it aims to keep pace with the objectives of the Kingdom's Vision 2030, which focuses on benefiting from modern technologies and e-government applications in addition to upgrading the level of government services in a way that contributes to the reduction of administrative procedures and raise their quality and speed.

SAMA pointed out that the electronic link with "Tanfeeth" program ensures the confidentiality of the information and informs judges thereof within the framework of the procedures of handling cases considered by them including personal status cases (expenses and inheritance).

Dr. Ahmad Al-Kholifey, governor of SAMA, expressed his thanks and appreciation to the Minister of Justice as the first government authority with which the electronic linking procedures were completed, as well as the work teams from SAMA and banks operating in the Kingdom.

The "Tanfeeth" program was established on the technologic platform "Watheiq", which will transform the business sector of SAMA into an electronic service provider through the best and most reliable technological solutions as well as providing integrated linking between SAMA and other government technological systems benefiting from the services as well as the linking with the business sector.

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