Digital development is one of the most important pillars of the future of the financial and banking sector, as customers increasingly move towards executing their financial transactions through electronic applications and smart solutions that provide a high level of efficiency and flexibility.

Financial Technology – FinTech has a real ability to change the structure of traditional financial services, as financial technology can make financial services faster, cheaper, more secure, transparent and accessible, especially for the large segment of the population that does not deal with the banking sector. In addition, the rapid development of financial technology services and emerging companies that provide innovative financial solutions that mimic what the banking sectors offer and simplify financial operations.

Technology has allowed the entry of a new group of players in the financial services sector, such as financial technology companies and major technology companies, which have proven their ability to bring about change in this sector. In order for banks and financial institutions to maintain their role in the age of technology, they have begun to cooperate with technology companies and reimagine their role and improve their experience with their customers by implementing financial technology services.