Saudi Telecom Co. (STC) has announced the establishment of an external advisory board.
The board is composed of senior executives across several industry sectors with significant experience and wide industry networks to support the execution of a key strategy which will transform the company into a leading digital player.
The members of STC’s advisory board include:
Christopher Rogers: He is the co-founder of Nextel Communications and formerly the senior vice president of M&A and investments at Sprint. He is currently a partner at Lumia Capital.
Roy Chestnutt: He is the executive vice president of corporate strategy for Verizon, a board member of GSMA, and chairman of Chief Strategy Officers Group (GSMA). He is also responsible for the development and implementation of Verizon’s overall corporate strategy, including business development, joint ventures, strategic investments, acquisitions and divestitures.
Matt Klainer: He is the senior director of communications products of global partnerships at Google. He leads partnerships for Google’s communications products, including RCS/Android Messages, Allo, Duo, Project Fi and emerging technologies like eSim.
Rolando Balsinde: He is the director emeritus of McKinsey & Co.
Abdullah Al-Abdalqader, chairman of the board of directors, STC, said: “The objective for the creation of this advisory board is to act as a sounding board, expand our expertise and increase our reach to other sectors and regions for potential opportunities for investment and partnerships across our target growth areas. This will help us strengthen and accelerate the execution of our strategy.”
He said: “The creation of the board is consistent with best international practices in telecoms and other industries, and is also a response to the significant and complex challenges that the telecommunications industry faces globally and regionally.”
He praised the Saudi leadership in this regard and said the board will help the company to become a leading global digital player and a key contributor toward the realization of Saudi Vision 2030.
STC announces establishment of its advisory board
STC announces establishment of its advisory board
STC Bank launches business portal for businesses, entrepreneurs and freelancers
STC Bank has launched a business portal as part of its strategy to provide integrated and Shariah-compliant digital banking services targeting multinationals, entrepreneurs and self-employed. The move reflects the bank’s commitment to enhancing and facilitating the banking experience through modern digital solutions.
The Business Portal is the first integrated digital experience that enables business customers to start their banking relationships and manage their entire business through a single digital platform, designed to meet the needs of various sectors, providing an easy and flexible banking journey characterized by simplicity and ease of use.
The portal provides a comprehensive dashboard that allows business owners to efficiently manage users, financial structuring and authorization matrix, where users can be added, assigned, and manage access to banking services flexibly within an advanced digital experience.
The Business Portal also includes a full range of banking services, most notably payments and remittances, beneficiary management, statement review and extraction, digital certificate issuance, as well as employee salary management, giving business owners full control over their financial operations through a unified and secure platform.
STC Bank allows registration and availing of business portal services through its website, while ensuring the highest levels of security using the latest cybersecurity and advanced financial technologies.
The launch of the upgraded Business Portal is part of STC Bank’s digital transformation journey toward building an integrated digital bank, which provides innovative banking solutions that contribute to supporting the growth of the business sector and enhancing the digital economy in the Kingdom.
