The use of artificial intelligence technology by a prominent bank has resulted in a notable development in digital banking in Saudi Arabia by improving both operational efficiency and client experience.
The facility of Intelligence, a first-of-its-kind specialist facility for artificial intelligence technology and services in the Saudi banking industry, was officially opened on July 23 by Riyad Bank.
According to a statement from the financial institution, the center will enable the bank and its business sectors to take advantage of the most recent advancements in artificial intelligence and generate substantial benefits from sophisticated, proactive analytical insights, all while advancing the bank’s vision with the highest standards of quality and innovation.
This action is in accordance with the more general national objectives stated in Saudi Vision 2030, especially the Financial Sector Development Program, which collaborates with the Saudi Central Bank to offer more easily available financial services.
Through technological investments and the provision of a comprehensive array of financial goods and services, the program is dedicated to bolstering the stability and expansion of the banking industry and making it even more convenient.
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