Open banking solutions introduced by SingleView

UMG Alholol Trading Company's "SingleView" actively participated in the "Seamless Middle East 2023" exhibition held on May 23-24 in Dubai, with a primary focus on showcasing its latest financial solutions in the realm of open banking. The company's objective is to fortify its standing as a leading financial technology entity in the Kingdom, with a commitment to enhancing the operational efficiency of businesses and institutions in managing their financial transactions through cutting-edge financial technologies. SingleView consistently engages in specialized fintech events to explore new markets both regionally and internationally, aiming to consolidate its position in open banking, fintech, and other transformative solutions for companies undergoing digitalization. In this edition, the company highlighted its most recent open banking solutions, including the capability to access real-time bank data. These services are designed to empower companies in sectors such as e-commerce, finance, accounting, travel and tourism, enabling them to make informed decisions and offer customized services based on real-time data.

Seamless Middle East, recognized as a premier event in the industry, serves as a platform for companies to stay abreast of the latest trends in payments, fintech, e-commerce, and retail solutions. Notably, SingleView recently secured approval from the Saudi Central Bank, also known as SAMA, to operate within the legislative experimental environment, aligning with the regulatory framework of open banking. This milestone positions the company among the pioneers with the technical permit, attained due to its preparedness to meet all regulatory and legislative requisites. SingleView's success is further underscored by its collaborations with international technology companies and service providers, contributing to its leadership in innovating open banking solutions.

Abdurhman Alarifi, CEO of SingleView, expressed gratitude to the supervisory teams of the open banking program and the legislative experimental environment at SAMA and Saudi Payments. He acknowledged their efforts in supporting the company's development and adherence to the regulatory framework, emphasizing the program's role in creating opportunities for SingleView and other fintech firms to enrich the Kingdom's financial sector with innovative services and solutions.