Sadeq Al-Thawab, Executive Director of D360 Bank, is an accomplished banking executive leading the charge in revolutionizing the industry. With a customer-centric approach, D360 Bank has emerged as a prominent player in digital banking, offering innovative solutions and seamless experiences. The founders of D360 Bank also positioned it as a leader known for its state-of-the-art technology, transparency, and user-friendly services.
Sadeq also shares exciting updates about D360 Bank’s participation in the SEAMLESS event, showcasing its industry presence. Additionally, he highlights D360 Bank’s collaboration with Thunes, further enhancing its commitment to delivering accessible and transparent financial services. Sadeq Al-Thawab and D360 Bank reshape the banking landscape, delivering exceptional experiences tailored to the evolving needs of their customers. Learn more through our interview below.
The Beginnings & Saudi Arabia 2030 Vision
We first wanted to understand more about Sadeq, so we asked, “Tell us something about you, your early life, and your education.”
He said, “I studied from the prestigious Columbia University in Digital Business, and University of Berkeley Haas in “Chief Technology Officer” during the last 5 years. I got my Bachelor of Science in Marketing from King Fahd University. I have over 21 years of banking experience with knowledge and experience in heading consumer asset business, product development, Segment management, Sales Management, with focus on P&L ownership in Auto Lease, Mortgage, Personal Loans and Cards. Lately, I join the founding team in D360 heading banking products since 2020. It has been a great work, working with great leadership from D360 and Derayah Financials.”
Our focus was also to understand where D360 stands in terms of the Saudi Arabia Vision 2030. So, we asked, “Tell us about the business and its presence in the GCC. Saudi Arabia Vision 2030 – how is D360 Bank aligned with the vision.”
“D360 Bank draws on the collective expertise of a team of local and international experts to design a polished banking experience based on in-depth research with focus on customers. We strive to make financial products accessible and affordable to everyone.
We have invested in people, technology and we built a bank to offer customers the best experience and best product.
As part of vision 2030, we enable access to seamless and affordable digital products and experiences to all, we democratize premium banking and enable more customers to have access to premium banking with affordable and flexible pricing.
The bank aims to eliminate the gap that tends to exist between traditional banks and their individual, entrepreneurial, and SME clientele. The bank leverages state-of-the-art technology and cutting-edge innovation to extend its services to financially underserved segments, contributing to the Vision 2030’s economic growth targets.” replied Sadeq Al-Thawab.
A Digital Revolution With Digital Banking Establishment
All of it made us curious about the beginning of D360. Thus, our next question was, “What is D360 Bank all about? When did D360 Bank come into existence?”
With that, Sadeq says, “We are a new digital bank established in 2022, with our HQ in Saudi Arabia, aiming to provide seamless banking solutions to the wider local market, including the youth and SMEs. D360 Bank is one of Saudi Arabia’s first digital banks, opening its doors to the country, with the aim of changing the way people approach banking. Our focus is simple, to simplify banking for its customers, making it easier and more accessible by creating an online banking platform using state-of-the-art technology. No hidden charges, with access to best banking pricing transparently.”
D360 In The FinTech Space
With the ever-evolving world of technology, more and more businesses are focusing on adaptation to digitalization. Since D360 is a revolutionary digital bank, we also wanted to know, “Where does D360 Bank fit into the FinTech space?”
He continues, “We look at fintechs as business partners where we aim to be the bank of choice for fintech that enables them to access banking infrastructure seamlessly.
In this fast-paced environment, where we have entered an era of digital revolution, D360 Bank is the future of banking in Saudi Arabia. With our innovative and customer-centric approach, D360 Bank has created a banking experience that can suit everyone’s needs. Our aim is not only to simplify banking but to ensure that our customers enjoy the highest levels of convenience, accessibility, and transparency. We have thoroughly simplified banking processes by offering an array of services that includes electronic transfers, bill payments, and cardless deposits. All transactions can be carried out with the utmost security, using advanced encryption and verification methods.”
The SEAMLESS Event & Partnership With Thunes
“You are attending the SEAMLESS event. Tell us a little more about why you chose this specific event in Dubai.”
“This is a special day for us – where we sign a partnership with Thunes, a B2B company that powers payments for the world’s fastest-growing businesses – from Giga Economy giants such as Uber and Deliveroo and Southeast Asia’s super-app Grab to global Fintech leaders such as PayPal and Remitly. “D360 has been purposefully designed to cater to the needs of digitally savvy Saudi residents and SMEs that seek better service and user experience. By leveraging Thunes’ robust and proven payments infrastructure and D360’s innovative digital approach, we aim to address the challenges of slow and complex cross-border transactions, which typically come with high friction and high costs. Together, we will establish an accessible, transparent, and user-friendly payment experience for our valued customers.” said Sadeq Al-Thawab.
Upon hearing about the partnership, our next question was, “What is the future looking like for D360 Bank and its partnership with Thunes?”
“The signing ceremony marks a significant step towards addressing gaps in the market that have been overlooked by the traditional banking sector. Both organizations are driven by the customer-centric approach, providing accessibility, transparency, and simplicity to their clients. Thunes has been operating in 130 countries, offering its services in 80 different currencies, while D360 Bank has produced an innovative banking solution that allows its customers to make payments anywhere in the world with 0% withdrawal or handling fees.” Sadeq concluded.
Connect with Sadeq Al-Thawab on LinkedIn.
Find D360 on LinkedIn or visit https://www.d360.com/