Seen Tarbi for Financial Technology is permitted by the Saudi Central Bank to test its innovative services under the Regulatory Sandbox environment.

Letter of Guarantee

FinTech requests customer’s bank to issue a Letter of Guarantee and makes it available to the beneficiary business on behalf of the business customer
Letter of Guarantee

Benfites

Use X^2 service to request my bank to issue a Letter of Guarantee and make it available to the requesting beneficiary business , so that the process is automated and I don’t have to manually present it to the beneficiary myself

Enhancing the depth and breadth of the financial services and products offered

Enhancing the depth and breadth of the financial services and products offered

Minimizes the risk of disputes and frauds and improves the flexibility and efficiency in handling of LGs

Minimizes the risk of disputes and frauds and improves the flexibility and efficiency in handling of LGs