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 SIMAH Signs Agreement With Ateon To Implement FinTech Solutions
2/10/2020

   Saudi Credit Bureau (SIMAH) has entered into an agreement with Alhamrani Universal Company through its FinTech arm, Ateon to set up the FinTech solution for its B-2-C consumers. With the launch of the new solution, consumers will have the option to seamlessly and securely access SIMAH's B-2-C mobile Apps using biometrics, without the need to enter conventional login methods.

Present at the signing ceremony were Mr. Swaied Alzahrani, CEO, Saudi Credit Bureau (SIMAH); Mr. Tariq Abdat, CEO of Alhamrani Universal, and other key members of the management from both organizations.

Mr. Swaied Alzahrani said on the occasion that the agreement aims at supporting the development of the FinTech industry, raising growth of Fintech entrepreneurship and enhancing SMEs in Saudi Arabia in line with Saudi  Vision 2030. "Our strategic relationship with Ateon comes to ease and provide more customized tools for individual consume, contribute to diversifying  the local economy, and creating new solutions throughout our robust database as the pioneer credit bureau with more than 15 year in the market and 342 members who provide all positive and negative information"  added Alzahrani.

Alhamrani Universal's CEO, Mr. Tariq Abdat also expressed his views on the occasion. "We are excited and honored to be SIMAH's solution providing partner for the strategic project. SIMAH enjoys a strategic position as one of the most trusted providers for secure information exchange to the financial , banking and  non-banking financial sector in the Kingdom; therefore, we hope to leverage this milestone as an advantage and work even closer with SIMAH to offer innovative and scalable solutions to building a long-term and mutually beneficial business relationship", he said.