His Excellency Dr. Fahd bin Abdullah Al-Mubarak, Governor of the Saudi Central Bank, commended the efforts of the Media and Banking Awareness Committee at \u201cSaudi Banks,\u201d which aim to disseminate and promote financial literacy among all members of society across various segments, and to raise financial literacy by introducing banking services and products, promoting the safe use of such transactions, and addressing issues and developments related to banking activities at the local and global levels.<\/p>\n\n\n\n
Al-Mubarak emphasized the Saudi Central Bank\u2019s commitment, in cooperation with the financial sectors, to raising the level of financial guidance and awareness among customers of the banking and financial sector operating in the Kingdom by utilizing various available communication channels, as part of its efforts to serve and protect customers\u201c interests, This is considered a strategic goal that the Central Bank seeks to achieve by ensuring that these sectors provide an advanced level of fair and secure service and by guaranteeing the widespread availability of financial services at all levels. It should be noted that the \u201dSAMA Cares\u201d initiative, launched by the Central Bank, and the awareness campaigns accompanying this initiative have\u2014praise be to God\u2014contributed to raising the level of financial awareness among the public. In this context, His Excellency the Governor urged all financial institutions to continue redoubling their efforts; to develop awareness and education programs for customers regarding financial fraud methods\u2014particularly emerging ones\u2014and to continuously assess the effectiveness and efficiency of these awareness tools, as well as to reinforce customers\u2019 awareness of the need to verify the legitimacy of their funds\u2019 sources, and that they are subject to accountability by the competent authorities in the event of suspicion regarding the sources of their funds, in addition to developing appropriate awareness-raising methods for each category or segment based on a database containing all details of financial fraud cases.<\/p>\n\n\n\n
It is worth noting that the Media and Banking Awareness Committee at \u201cSaudi Banks\u201d was recently restructured under the leadership of Mr. Tariq bin Abdulrahman Al-Sadhan, CEO of Riyad Bank (the committee\u2019s host bank), He has taken charge of overseeing the implementation of the committee\u2019s new strategic directions in line with the Kingdom\u2019s Vision 2030 and the Financial Sector Development Program, by focusing on several key areas, namely: banking awareness, financial inclusion, social responsibility, fintech, Islamic banking, and the adoption of a clear vision and mission under the slogan: \u201cAn Informed Society, a Responsible Generation.\u201d Since its restructuring, the Committee has organized several banking awareness lectures covering various topics presented by heads of product departments at Saudi banks, and has implemented several strategic initiatives and awareness campaigns aimed at enhancing banking awareness.<\/p>","protected":false},"excerpt":{"rendered":"
Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>His Excellency the Governor of the Saudi Central Bank, Dr. Fahad bin Abdullah Al Mubarak, appreciated the efforts exerted by the Banking Information and Awareness Committee in \u201cSaudi Banks\u201d, which aims to spread and promote financial culture among all members of society in all segments, and raise financial awareness by introducing banking services and products, the safe use of those transactions, as well as issues and developments related to banking activity ... 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