STC Bank named Kingdom's ‘best digital bank'
STC Bank started off as a wallet in 2018 and serviced 14 million users before it launched as a full-fledged bank earlier this year. It saw 2 million users shift from its earlier wallet version to its banking version in just three months, witnessing unmatched customer loyalty.
STC Bank's broader mission since its incorporation has been to build a banking experience that is not only digital and efficient, but also rooted in the behaviors, needs and expectations of Saudi society, and it is through such innovations that it continues to shape the future of financial interaction in Saudi Arabia for a large number of the Kingdom's tech-savvy and young population.
Today, users across Saudi Arabia are used to the ease that STC Bank has brought about with it and the solutions innovated by the bank continue to see its popularity rise among corporate and retail banking customers across various segments of Saudi society.
The Best in Business awards saw its inaugural edition last year in Dubai before it moved to Riyadh this year. Organized by Inc. Arabia Magazine, a platform that is highly regarded by more than 150 million of its readers who are founders and entrepreneurs across the GCC, the awards highlight and recognize the most successful companies in each field.
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