Digital financing in KSA: Bidaya teams up with Temenos Core and Systems Ltd

LAHORE: Bidaya Finance, to offer modern, scalable, and secure financing products and services has joined hands with Temenos Core and Digital Banking (Infinity) platform, to streamline its backend operations and drive digital transformation for a seamless customer front end journey.

This platform will also enable Bidaya Finance to facilitate digital loan origination journeys through various digital channels, enhancing accessibility and convenience for its customers. Furthermore, Systems Limited will be providing comprehensive support to Bidaya Finance by leading a complete infrastructure and third-parties’ systems implementation, leveraging on modern and scalable platforms such as Red Hat OpenShift.

Partnering with Systems Limited where they are a well-known name for their expertise in modernizing platforms for leading financial institutions in the region, Bidaya Finance is aiming to leverage on a robust and proven localization, including regulatory accelerators like the Saudi Model Bank. This collaboration is designed to ensure that Bidaya Finance's digital transformation journey is comprehensive and aligned with its vision and mission.

This collaborative effort between Bidaya Finance, Temenos and Systems Limited is poised to revolutionize the financial landscape, empowering Bidaya Finance to offer personalized and efficient financial services while driving growth and innovation in the industry.

“Today, we mark a significant milestone in our digital transformation journey and fulfilling our mission for providing innovative and reliable financing solutions, aiming to elevate the customer experience standards and establish ourselves as one of the leaders in the digital financing realm. Together, we are paving the way for a new era of innovation and unparalleled financial solutions,” said Mahmod bin Salim Dahduli, CEO, Bidaya Finance

“We are proud that Bidaya Finance has put its trust in Temenos and our partner Systems Limited to deliver this strategic front-to-back digital transformation.

The implementation gives Bidaya access to the leading banking capabilities of Temenos and the latest cloud-native platform to elevate the customer experience and take its business forward with higher efficiency and agility. This latest collaboration further seals Temenos’ market-leading position as the choice of banking platform for the financial institutions in KSA,” remarked Lee Allcorn, Managing Director – Middle East and Africa, Temenos.

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