SAMA Holds First Digital Transformation Committee Meeting with Banking Sector Financial Institutions
Summary
SAMA's Digital Transformation Committee held its first quarterly meeting in Riyadh with representatives of licensed financial institutions in the banking sector. The meeting discussed data-sharing frameworks, technical integration, and joint digital channels. Deputy Governor Abdullah I. Alsaleh chaired the meeting, which supports Saudi Vision 2030 objectives for digital transformation in the financial sector.
What changed
SAMA's Digital Transformation Committee convened its first quarterly meeting at the central bank's Riyadh headquarters. The committee, chaired by Deputy Governor Abdullah I. Alsaleh, brought together representatives from licensed banking sector financial institutions to discuss joint digital initiatives including data-sharing frameworks, technical integration, and digital channel improvements.
For financial institutions in the banking sector, this meeting signals SAMA's commitment to advancing digital transformation under Saudi Vision 2030. Institutions should monitor for forthcoming guidelines and requirements related to the digital initiatives discussed, particularly regarding data-sharing frameworks and technical integration standards that may emerge from this committee's work.
What to do next
- Monitor for updates on digital transformation initiatives
Archived snapshot
Apr 12, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
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The Saudi Central Bank (SAMA), represented by the Digital Transformation Committee (DTC), held the first quarterly meeting on digital transformation at its headquarters in Riyadh. The meeting was chaired by the Deputy Governor for Digital Transformation, Mr. Abdullah I. Alsaleh, and was attended by representatives of licensed financial institutions in the banking sector.
This event comes against the backdrop of DTC formation by SAMA, which aims to promote integration and coordination of digital initiatives between SAMA and financial institutions, and to accelerate digital transformation in the financial sector.
The meeting discussed several joint digital initiatives, primarily the development of data-sharing frameworks, the enhancement of technical integration and the improvement of joint digital channels.
Alsaleh emphasized that this meeting is part of SAMA's efforts to advance digital transformation in the financial sector in line with the objectives of Saudi Vision 2030, with the aim of fostering more efficient financial services, improving user experience and promoting innovation in the financial sector.
It is worth noting that the DTC was established to advance SAMA's initiatives related to digital transformation and technical integration between SAMA and financial institutions. The committee is tasked with overseeing the regulation and development of such initiatives, promoting digital integration, and streamlining digital services that improve user experience while supporting sustainable, inclusive growth.
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