Alinma Bank launches its first digital branch

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Time: February 11, 2019  

The new digital branch is located on Prince Mohammed bin Abdulaziz Street (Tahliyyah) in Riyadh.

Alinma Bank has launched the first of what will be a full network of digital branches across the Kingdom. This move comes as part of Alinma’s ongoing effort to provide convenient, self-service banking solutions to its partners (customers). The new digital branch is located on Prince Mohammed bin Abdul Aziz Street (Tahliyyah) in Riyadh.

Alinma Bank CEO Abdulmohsen Al-Fares said: “We are pleased to be able to provide our partners with convenient, secure, around-the-clock digital banking services, even on weekends and holidays. Partners can open current accounts, issue and print ATM cards, update ID information, authenticate their digital signatures for their digital accounts, and much more, in a self-service environment that fully meets partners’ needs.”

He added: “Alinma’s new digital branch also features interactive teller machines (ITMs), small denomination ATMs and cash deposit machines for corporate partners. The digital branch is designed according to the latest banking and technical standards to facilitate the movement of the partner within the digital branch and to fulfill their needs in a timely manner.”

Alinma Bank has one of the most advanced technical infrastructures in Saudi Arabia, which was recognized in 2018 by Cambridge IFA, a leading international financial advisory firm, which named Alinma the “Most Innovative Islamic Retail Bank in the World.”

This article was first published in Arab News

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