Latest news with #STCBank
Zawya
2 days ago
- Business
- Zawya
STC Bank launches 'Smart Finance' product
Riyadh, Saudi Arabia: STC Bank has launched its first financing product, "Smart Finance" a fully electronic, Sharia compliant product, available within minutes and with a maximum limit of SAR 50,000. The new financing product aims to meet the financial needs of the bank's customers and support individuals by offering quick financing solutions, flexible terms, and simple steps. These products are designed to enable beneficiaries to support their living conditions or invest in projects that enhance their income and economic stability. The maximum financing limit is SAR 50,000, with a minimum financing limit of SAR 3,001. The maximum repayment period is 24 months, adjustable to 36 months, with immediate approval and the option to postpone one installment during the financing period. It is worth noting that STC Bank aims to provide banking services and financial solutions that comply with Sharia principles while ensuring the highest levels of security and customer protection using advanced financial technologies.
Arab News
13-07-2025
- Business
- Arab News
STC Bank launches new savings product ‘Numu+'
STC Bank has launched a unique savings product — 'Numu+' — which will encourage customers to save through an innovative concept. It includes valuable rewards and gifts, such as luxury cars, cash, and electronic devices, offered by the bank as an incentive to grow their personal savings. 'Numu+' was primarily designed as an account that enables customers to save through a unique experience via the bank's app. The product is in line with Vision 2030, specifically the Financial Sector Development Program, and the goal of raising the savings rate across the Kingdom from six to 10 percent. It also continues STC Bank's efforts to introduce innovative digital products that enhance the financial solvency of various customer segments. STC Bank's continued growth is driven by its customer-centric digital financial services platform, which allows individual users to open a bank account with an IBAN number. This allows customers to enjoy a host of benefits, including the 'Numu+' savings service, instant local and international transfers at competitive rates via mobile numbers, card services, an online store, expense monitoring and financial planning features, and other daily financial transactions, all of which have become easier than ever before.
Zawya
13-07-2025
- Business
- Zawya
STC Bank launches "Numu+" savings product
STC Bank has launched the unique savings product "Numu+", which aims to encourage customers to save through an innovative concept. Customers can benefit from valuable additional rewards and gifts, including luxury cars, cash, and electronic devices, offered by the bank as an incentive to grow their personal savings. The "Numu+" savings product was primarily designed as an account that enables customers to save through a unique experience via the bank's app. This product is in line with the Vision 2030, specifically the Financial Sector Development Program, and the goal of raising the savings rate across the Kingdom from 6% to 10%. It also continues STC Bank's efforts to introduce innovative digital products that enhance the financial solvency of various customer segments. STC Bank's continued growth is driven by its customer centric digital financial services platform, which allows individual users to open a bank account with an IBAN number. This allows customers to enjoy a host of benefits, including the "Numu+" savings service, instant local and international transfers at competitive rates via mobile numbers, card services, an online store, expense monitoring and financial planning features, and other daily financial transactions, all of which have become easier than ever before.
Arab News
07-07-2025
- Business
- Arab News
STC Bank named Kingdom's ‘best digital bank'
STC Bank has been awarded the title of the 'Best Digital Bank in Saudi Arabia' at the second edition of the Best in Business Awards, organized by Inc. Arabia Magazine in Riyadh. 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.
Arab News
31-05-2025
- Business
- Arab News
STC Bank wins Temenos' ‘Fast Track Growth' award
STC Bank has been awarded the Fast Track Growth award at the annual Temenos Forward Awards in Madrid, Spain, in acknowledgment of its remarkable growth in users since its launch as a full-fledged digital bank just three months ago. STC Bank is one of the leading digital banks in the Kingdom. It began its journey as a digital wallet before transitioning into a fully licensed digital bank under the supervision of the Saudi Central Bank. The bank's rapid growth is attributed to its ease of use and innovative features, such as instant money transfers via mobile number, competitive rates on international remittances, bill payments, and more. Existing wallet users can seamlessly migrate to the bank's platform, while new customers can open a bank account in less than two minutes. Temenos, a global leader in banking software for more than 32 years, has been instrumental in supporting the banking sector through its core banking platform, Temenos Core. This platform empowers users with access to modern digital lending and deposit solutions. With Temenos Core, the bank has successfully launched a microservice and data-driven architecture and is expanding into innovative lending and digital deposit solutions, reinforcing its strategy of modular, data-driven offerings. This collaboration supports STC Bank's commitment to adopting advanced technology to redefine banking standards in the Kingdom and the broader GCC region.
