Saudi Arabia will simplify financial transactions after launching digital identity verification services in the Kingdom.
The Ministry of Interior has taken a significant step toward digital transformation by launching the first phase of digital identity services for the financial sector, which are integrated in the ministry’s Absher electronic platform.
The service aims to streamline financial transactions and increase security.
Saudi digital identity verification
By connecting financial institutions to the government’s platform, individuals can verify their identities electronically and conduct various financial transactions with ease.
This not only improves the user experience but also strengthens data protection and fraud-prevention measures.
Under the patronage of Minister of Interior Prince Abdulaziz bin Saud bin Naif bin Abdulaziz, Assistant Minister of Interior for Technology Affairs Prince Bandar bin Abdullah bin Mishari launched the new service yesterday at the 24 Fintech conference in Riyadh.
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