Saudi EXIM Bank was established in 2020 to promote the export of Saudi non-oil products and boost their competency across economic sectors in the global markets. Saudi EXIM Bank provides holistic financial services, catering specifically to the needs of businesses in KSA engaged in international trade. To drive operational and financial efficiency, Saudi EXIM Bank implemented Temenos core banking platform making it faster and easier for businesses to access trade finance, promoting job creation and economic growth in the Kingdom of Saudi Arabia (KSA).
Going live in just six months with Temenos’ modern and cloud-native, core banking platform and with the Temenos KSA Model Bank approach helped the bank meet its business and regulatory requirements in a timely and effective way. By implementing Temenos core banking platform, the bank can streamline its operations and automate processes increasing the bank’s operational efficiency.
“Our core banking system implementation with Temenos is a step forward for Saudi EXIM Bank to be better equipped for achieving the development goals of the Kingdom’s Vision 2030. It will enable faster transaction processing times, improved customer experience, and a more efficient use of resources. It will also help us to better manage risks, with improved data analytics and real-time monitoring capabilities. We are pleased that we have been able to go live in such a short time, aided by Temenos’ understanding of banking in Saudi Arabia and its pre-built banking processes.”H.E. Eng. Saad Bin Abdulaziz AlKhalb, CEO of Saudi EXIM Bank