Two fintech firms from opposite ends of the world are joining forces to create a digital banking solution for young Saudi’s; Moven, one of earliest digital challengers in banking in the U.S. and STC Pay, a Saudi based digital wallet app allows users to make purchases, pay bills and transfer money; “Moven has 10 years under its belt developing front-end architecture for challenger banks,” Moven Founder and CEO Brett King said to American Banker. “The modern-day challenger bank is not just about the core system and front end, but it has artificial intelligence capabilities and data science layers.”; STC Pay hopes the partnership can help it to expand the reach of its app to all smartphones in the region; “One of the pillars of our strategies is to be customer-centric,” said Ahmed Alenazi, CEO of STC Pay. American Banker
