Contributing to a More Innovative and Advanced Financial System in Line with Vision 2030
SNB Launches "NEO" Digital Banking with an Unprecedented Digital Experience During Fintech 24
Saeed Mohammed Alghamdi: We aim to provide the best technology, and "NEO" is a digital experience that aligns with our strategic goals.
Dr. Saleh Alfuraih: Our experience will reshape the future of digital banking services.
Riyadh – 03 September 2024
Saudi National Bank (SNB), the largest financial institution in Saudi Arabia, has announced the launch of "NEO" Digital Banking, featuring an unprecedented digital banking experience, as part of its strategy to enhance digital transformation as one of the strategic priorities of Vision 2030.
With the launch of its unique NEO experience, the largest bank in the Kingdom aims to offer a wide range of essential and innovative banking services, including a variety of new products designed to improve and enhance the customer experience, thereby supporting service quality and strengthening the position of the Saudi digital banking experience both locally and globally.
Moment of Launching NEO Digital Banking in the Presence of SAMA Governor, Chairman of SNB, and CEO of NEO at SNB Pavilion during Fintech 24
Saeed Mohammed Alghamdi, Chairman of Saudi National Bank, stated: "The launch of the digital “NEO” experience aligns with our strategic objectives to provide the best electronic services and our role in developing the banking system through the latest technologies that enhance the banking experience, ensuring access to the best financial products and services, and providing banking solutions that meet and even exceed our customers' expectations.
This is in line with the digital transformation initiatives aimed at achieving the ambitious goals of Vision 2030, which seeks to develop an advanced financial market for a prosperous economy and an ambitious nation by increasing the share of digital financial transactions to enhance the Kingdom's global leadership."
Mr. Saeed Alghamdi and Mr. Tareq Al-Sadhan during the launch of NEO Digital Banking at SNB Pavilion during Fintech 24
Dr. Saleh Alfuraih, CEO of "NEO", said: "The “NEO” experience will reflect our daily efforts in developing and offering new products and integrated digital banking services that are Shariah-compliant, utilizing the best and latest global technologies, helping to achieve a more innovative and advanced financial system and shaping the future of the banking landscape in the market.
It is not just a new advanced digital banking platform; it is a unique experience that redefines the concept of banking innovation and provides an exceptional, efficient, and secure experience for our customers."
It is noteworthy that NEO is designed to provide a unique banking experience that meets and exceeds customers' daily needs, including advanced services such as easy account opening, executing financial transfers and payments, issuing multi-currency "Mada" cards, along with an innovative loyalty program that enables customers to collect points and redeem them for valuable benefits.
It also includes personal expense management, saving, currency exchange, financing services, and an e-commerce store offering gifts, entertainment, electronic games, and various options.
SNB confirmed that NEO is now available on official mobile app stores, and customers can download the "NEO" app from Apple Store and Google Play to start their distinguished digital banking experience.