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ARTICLE · 29 MAY 2025

Saudi Arabia Tech Report: Financial Services Insights

As financial services organizations contend with evolving risks and demands in a cost-pressured environment, companies with a competitive edge in the sector are those who can deploy...

Saudi ArabiaFinance and Banking

Executive summary

As financial services organizations contend with evolving risks and demands in a cost-pressured environment, companies with a competitive edge in the sector are those who can deploy digital transformation tactics to bring enterprise-wide value. But are financial services firms ready to unlock unprecedented growth through digital innovation? As the sector faces mounting pressures, the answer to this question could determine their future success. This report is intended for CEOs, CIOs, CTOs, and senior executives in the financial services sector who are looking to harness technology to help fuel operational efficiency and growth.

Persistently high inflation, geopolitical pressures, regulatory challenges, and slow global economic growth are combining to challenge businesses across financial services. Interest rate volatility is dampening consumer spend and asset performance, while compliance and operational costs are steadily increasing,

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