Al Rajhi Bank Signs an MoU to Implement ‘Electronic Signatures’

19 November 2018

Al Rajhi Bank recently signed a memorandum of understanding with the specialized companies at Ministry of Communication and Information Technology. This step was taken in cooperation with the National Center for Digital Certification, to provide the ‘Electronic Signature’ service. The new service allows customers in adding signatures to the documents electronically, without any need to print or having the customers to sign in person.

The memo was signed at the Ministry headquarter in Riyadh last Sunday, in presence of Deputy Minister of Communications and Information Technology, Haitham Al Ohali and Director of Digital Banking at Al Rajhi Bank, Turki Al Dhafian among other representatives from National Center for Digital Certification.

The new service has been introduced to find an electronic alternative for manual signatures, while ensuring that documentation and transaction proof isn’t compromised. The electronic signatures can be used in all banking transactions where customers are required to manually sign the documents.

After the implementation of this service, customers can request for any new service conveniently through electronic mediums. They will be able to sign the documents electronically without a need to visit the branch in person, or without having a bank representative to visit the customers while providing financial or other services.

To avail and enjoy this new feature, customers are required to register at the National Center for Digital Certification, MCIT through Al Rajhi Bank. This will enable customers to experience the new electronic signature service through Bank’s website, without any need to visit the Center.

Saudi Arabia has always shown a keen interest in implementing electronic systems, as it issued electronic transactions system in 1428 AH. This also proved to be a great support in the implementation of electronic signatures in all kinds of e-transactions.

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