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Saudi Arabia Tourism Development Fund Launches Digital Lending Service with Temenos in Just 60 Days

Saudi Arabia Tourism Development Fund Launches Digital Lending Service with Temenos in Just 60 Days

Economy, Innovation
New digital service streamlines access to financing solutions from TDF to advance tourism projects in Saudi Arabia; Temenos (www.Temenos.com) cloud banking platform enabled rapid development and time-to-market; Powered by Temenos and implemented by NdcTech, the service offers digital customer onboarding and loan origination, providing a fast, frictionless customer experience. Temenos (SIX: TEMN), the banking software company, announced that Saudi Arabia’s Tourism Development Fund (TDF) has gone live with a digital lending service on Temenos in just 60 days. The new service provides investors and businesses in the tourism sector with rapid access to financing solutions from TDF. The SAR 15 billion (USD 4 billion) fund was established to enable private sector tourism investments and ...