Saudi Finance Company (SFC), a leading provider of individual and SME financing in the Kingdom, and Nucleus Software, a global leader in financing and transaction banking solutions, have jointly received the “Excellence in Digital Consumer Transformation” Award at the 30th edition of Finnovex Saudi Arabia 2025. The award recognizes the success of a decade-long partnership that began in 2014, built on Nucleus Software’s flagship FinnOne™ platform. Together, SFC and Nucleus have redefined consumer financing across auto, personal, and SME segments with digital-first, Shariah-compliant solutions that enhance speed, inclusivity, and customer trust.
Key milestones in the transformation journey include the complete digitization of the loan lifecycle, resulting in faster and more efficient service delivery. The introduction of Shariah-compliant financing ensures full alignment with Saudi Central Bank (SAMA) regulations, while automated fund disbursals have been streamlined through integration with the ZATCA API.
The organization has also launched inclusive financial products such as Guarantor, Housewife, Buy-Out, and Top-Up loans, aimed at expanding access to credit. Additionally, flexible short-term financing options with tailored repayment plans have been introduced to better meet the diverse needs of customers.
Bander Al-Samman, CEO of Saudi Finance Company, said “For over ten years, our collaboration with Nucleus Software has been at the heart of our strategy to redefine consumer finance in the Kingdom. By uniting our market expertise with FinnOne™, we have built a Shariah-compliant, digital-first, customer-centric ecosystem. Loan approvals that once took days now take minutes, and we’ve introduced flexible programs to reach wider customer segments. This award celebrates innovation, collaboration, and the positive impact on people’s lives.”
Parag Bhise, CEO & Executive Director of Nucleus Software, added “SFC has been one of our most trusted and visionary partners. Together, we’ve delivered faster, more inclusive, and ethically compliant financing powered by FinnOne™. This recognition reflects the transformative journey we’ve shared, and we remain committed to shaping the next phase of digital financial services in the Kingdom.”
The award underscores how long-term collaboration, advanced technology, and a customer-first approach can reshape financial services. With their enduring partnership, Saudi Finance Company and Nucleus Software continue to set benchmarks for digital innovation and financial inclusion in the region.
Established in 1990, Saudi Finance Company is a pioneer in Shariah-compliant consumer and SME financing in the Kingdom of Saudi Arabia. With a strong focus on innovation, compliance, and customer-centricity, SFC plays a key role in advancing financial inclusion and supporting the Kingdom’s economic transformation.
Nucleus Software is a global software product company delivering innovative fintech solutions to over 200 banks and financial institutions across 50 countries. Its platforms support retail lending, corporate and SME finance, Islamic finance, automotive finance, mobile and internet banking, and transaction banking. Nucleus Software’s systems process more than $15 trillion in transactions annually and manage loan portfolios worth over $1.2 trillion worldwide.
