Disruption as a catalyst for progress

Disruption has long been seen as a threat in business. In banking it has often meant risk, instability or crisis. But disruption can also be the most powerful accelerator of progress. Few places show this more clearly than Saudi Arabia, where financial services are transforming at extraordinary speed and influencing global change.

The Kingdom has already surpassed its target of 80% digital retail payments years ahead of schedule, indicating the tremendous commitment towards achieving the goals it has set. Fintech expansion is fuelling inclusion, while small and medium enterprises are powering growth and demanding financial services that match their ambition. With its leadership in Islamic finance, Saudi Arabia is positioned to shape the future of digital banking well beyond its borders.

At Mambu we believe disruption is not an occasional shock but the constant state of our industry. The question is not whether it will happen but how leaders respond. In Saudi Arabia we see alignment of leadership, technology and ambition turning disruption into opportunity.

A new model for transformation

Banks know the pressures well. Customers expect fast, personalised digital experiences. Legacy systems slow innovation. Fintechs bring speed but struggle to scale. Success lies in combining agility with compliance and ambition with trust.

Composable banking answers this need. With a composable, cloud-native platform, institutions can innovate quickly, scale securely and adapt to regulation with confidence. It enables services to launch in weeks, integrates seamlessly with national payment rails and fintechs, and embed Shari’ah principles into every digital journey.

This is precisely what we deliver at Mambu. We provide the core banking engine. The technological beating heart of a financial institution. Rather than offering a closed, monolithic system, we give our clients the freedom to build the bank they envision by integrating best-in-class components around our core. This approach dramatically reduces time to market, allowing new players to move from concept to a fully operational bank in a matter of months, something that’s almost unheard of in traditional banking.

What Saudi leaders are demanding

Our research with over 1,500 financial leaders, including over 300 from Saudi Arabia, shows that priorities in the Kingdom stand out. Buyers here are highly knowledgeable and well-informed, supported by significant investment in regulatory guidance and a deep understanding of the infrastructure.

Leaders place greater importance on open APIs and integration, on launching products faster to stay competitive, on delivering personalised and Shari’ah-compliant experiences, and on tailoring solutions to local needs rather than relying on off-the-shelf models. These priorities define what it means to be future-ready.

Real-world examples

We are already seeing this in practice. Vision Bank, a fully digital and Shari’ah-compliant bank regulated by the Saudi Central Bank (SAMA), is setting a new standard with its mobile-first experience for citizens and residents. Tameed, the Kingdom’s first Islamic fintech for purchase order financing, is closing the SME credit gap with a composable, API-first approach.

These partnerships represent milestones not only for the institutions involved, but for Saudi Arabia’s financial ecosystem. Being selected as the core platform for a regulated bank like Vision Bank demonstrates both our technological strength and our ability to meet one of the world’s most demanding regulatory and Shariah-compliance standards.

In the wider region, Wio Bank in the UAE achieved 177% year-on-year growth and profitability in its first full year by building a platform bank that integrates seamlessly with partners. These examples show how agility, compliance and trust can combine to deliver transformation at scale.

Building from within the Kingdom

Our commitment to Saudi Arabia runs deep. We are investing significantly in the Kingdom, allowing us to work even more closely with regulators, partners and clients. Building strong local partnerships is central to our strategy. We view our clients as long-term collaborators, not just customers.

This regional investment enables us to replicate the success of Vision Bank and Tameed and extend our support to more fintechs and banks across the Kingdom. By working side-by-side with financial institutions, we aim to empower the next generation of Shariah-compliant and digitally native banking experiences.

Looking ahead

Saudi Arabia’s transformation is one of the most inspiring stories in global finance today. With its young, digital-native population, its leadership in Islamic finance and the ambition of Vision 2030, it has the potential to set a global standard for digital banking. 

What makes the Kingdom stand out is not only the speed of change but the model it offers: one where disruption is embraced, culture and technology move together, and innovation becomes the competitive edge.

At Mambu we are proud to play a role in this journey. With 15 years of global experience and customers in over 65 countries, we know that when leadership, purpose and technology align, transformation is inevitable.

Saudi Arabia is demonstrating that disruption can indeed be an opportunity. The task now for all of us in financial services is to learn from this momentum and build institutions that are agile, resilient and above all, customer-ready.