Oxford Business Group examines Saudi e-banking security in forthcoming report

The global publishing firm Oxford Business Group (OBG) will soon release “The Report: Saudi Arabia 2015,” detailing the kingdom’s economy with a particular emphasis on how technology is impacting Saudi Arabia’s banking sector.

Banking in Saudi Arabia is in flux as increasingly tech-savvy customers turn to their electronic devices to access their banking services. Consequently, the report will look at how alternative banking channels are emerging in Saudi Arabia, fueled by new e-banking legislation and heavy investment in mobile broadband coverage from both public and private sectors.

OBG’s analysis contains a look at the challenges Saudi banks face in developing Internet and mobile infrastructure, especially in terms of online security.

For the report’s section on banking, OBG has partnered with Saudi Hollandi Bank to produce the report’s chapter on Saudi Arabia’s banking industry.

Saudi Hollandi’s Managing Director Bernd van Linder said e-banking is becoming increasingly important, which puts security concerns high on the agenda.

“Banks are aware of the importance of having the right defensive measures in place against cyber threats to ensure consumer confidence is maintained,” van Linder said. “Our research with Oxford Business Group will look in detail at the strategies banks are adopting to address this issue, alongside the benefits that alternative banking platforms offer both bankers and their customers.”

The Report: Saudi Arabia 2015 will be made available through OBG.