{"id":54550,"date":"2022-08-05T10:58:06","date_gmt":"2022-08-05T07:58:06","guid":{"rendered":"http:\/\/www.indexeconomic.com\/?p=54550"},"modified":"2022-08-05T10:58:07","modified_gmt":"2022-08-05T07:58:07","slug":"wthaq-tabaduls-arm-to-securely-automate-bank-guarantees-in-saudi-arabia","status":"publish","type":"post","link":"https:\/\/indexeconomic.com\/?p=54550","title":{"rendered":"Wthaq: Tabadul\u2019s arm to securely automate bank guarantees in Saudi Arabia"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">The Saudi Electronic Info Exchange\nCompany (Tabadul) is inviting all Saudi banks and foreign banks operating in\nthe Kingdom to partner with it and join Wthaq, the digital financial services\nplatform endorsed by the Saudi Central Bank (SAMA). <\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">Wthaq is a state-of-the-art platform\nthat is distinguished at the local and regional levels for its outstanding\nservices. The platform automates all procedures of issuing and managing bank\nguarantees while unifying the standards involved in the process and ensuring\nhigh security to serve bank guarantee issuers and beneficiaries. The platform\nalso provides periodic statistical reports that contribute to enhancing the\ntransparency and reliability of the financial sector\u2019s data.<\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">Commenting on the initiative, Tabadul\nCEO Majed bin Faleh Al-Otaibi, said: Wthaq enables users to view, verify,\nissue, amend and cancel bank guarantees by linking beneficiaries to\nbanks in Saudi Arabia over an\nall-digital process. The platform complements our core function of providing logistic\nservices that contribute to the Kingdom\u2019s digital transformation and Saudi\nVision 2030\u2019s Financial Sector Development Program. Tabadul is committed to serving\nthe goals of the national vision and the universal sustainable development\ngoals by innovating solutions\nand striking strategic partnerships with government institutions and private enterprises\nto spur economic growth and drive the development of the financial sector and\ndigital transformation.\u201d<\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">Wthaq is one of Tabadul\u2019s flagship products\nthat offers several features, including payments management, profile management,\nuser management, bank guarantee services for the public and private sectors,\nand authorization management. Each feature covers a set of services, making Wthaq\na more comprehensive and effective platform and Tabadul\u2019s main arm for\ninnovating and delivering secure and reliable technical solutions for the financial\nsector through an integrated smart digital system that covers the bank\nguarantee journey from end to end.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Saudi Electronic Info Exchange Company (Tabadul) is inviting all Saudi banks and foreign banks operating in the Kingdom to partner with it and join Wthaq, the digital financial services platform endorsed by the Saudi Central Bank (SAMA). Wthaq is a state-of-the-art platform that is distinguished at the local and regional levels for its outstanding &hellip;<\/p>\n","protected":false},"author":2,"featured_media":54551,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[439],"tags":[],"class_list":["post-54550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Wthaq: Tabadul\u2019s arm to securely automate bank guarantees in Saudi Arabia - \u0635\u062d\u064a\u0641\u0629 \u0627\u0644\u0645\u0624\u0634\u0631 \u0627\u0644\u0625\u0642\u062a\u0635\u0627\u062f\u064a<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/indexeconomic.com\/?p=54550\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wthaq: Tabadul\u2019s arm to securely automate bank guarantees in Saudi Arabia - \u0635\u062d\u064a\u0641\u0629 \u0627\u0644\u0645\u0624\u0634\u0631 \u0627\u0644\u0625\u0642\u062a\u0635\u0627\u062f\u064a\" \/>\n<meta property=\"og:description\" content=\"The Saudi Electronic Info Exchange Company (Tabadul) is inviting all Saudi banks and foreign banks operating in the Kingdom to partner with it and join Wthaq, the digital financial services platform endorsed by the Saudi Central Bank (SAMA). 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