Daily Times

Riyadh, KSA – [Date] – Bidaya Finance’s commitment to digitally transform its operations is deeply rooted in its mission to provide innovative and reliable financial solutions to its clients. With a vision to enable a brighter future for individuals and businesses, Bidaya Finance has embarked on a journey to offer modern, scalable, and secure financing products and services.

Utilizing Temenos Core and Digital Banking (Infinity) platform, Bidaya Finance seeks to streamline its backend operations and drive digital transformation for a seamless customer front endjourney. This platform will also enable Bidaya Finance to facilitate digital loan origination journeys through various digital channels, enhancing accessibility and convenience for its customers. Furthermore, Systems Limited will be providingcomprehensive support to Bidaya Finance by leading a complete infrastructure and third-parties’ systems implementation, leveraging on modern and scalable platforms such as Red Hat OpenShift.

Partnering with Systems Limited where they are a well-knownname for their expertise in modernizing platforms for leading financial institutions in the region, Bidaya Finance is aiming to leverage on a robust and proven localization, including regulatory accelerators like the Saudi Model Bank. This collaboration is designed to ensure that Bidaya Finance’s digital transformation journey is comprehensive and aligned with its vision and mission. This collaborative effort between Bidaya Finance, Temenos and Systems Limited is poised to revolutionize the financial landscape, empowering Bidaya Finance to offer personalized and efficient financial services while driving growth and innovation in the industry.

“Today, we mark a significant milestone in our digital transformation journey and fulfilling our mission for providing innovative and reliable financing solutions, aiming to elevate thecustomer experience standards and establish ourselves as one of the leaders in the digital financing realm. Together, we are paving the way for a new era of innovation and unparalleled financial solutions.”

Mahmod bin Salim Dahduli, CEO, Bidaya Finance

“We are proud that Bidaya Finance has put its trust in Temenos and our partner Systems Limited to deliver this strategic front-to-back digital transformation. The implementation gives Bidaya access to the leading banking capabilities of Temenos and the latest cloud-native platform to elevate the customer experience and take its business forward with higher efficiency and agility. This latest collaboration further seals Temenos’ market-leading position as the choice of banking platform for the financial institutions in KSA.”

Lee Allcorn, Managing Director – Middle East and Africa, Temenos

“We are thrilled to collaborate with Bidaya Finance on their digital transformation journey. Kingdom of Saudi Arabia stands as a pivotal market for us with the growing wave of consumer and business interest in digitization. As a global SystemIntegrator and a premier implementation partner of Temenos in the Kingdom, Systems Limited is dedicated to providing tailored offerings that add significant value to our clients. By leveragingour expertise of Digital Infrastructure, Security and Regulatoryaccelerators, such as the Saudi Model Bank, we will ensure rapid platform deployment, guaranteeing a seamless delivery experience for financial institutions like Bidaya Finance.”