STC Business Signs MoU with Ateon to unleash FinTech Blockchain innovation

The kingdoms’ ICT leader Saudi Telecom Company (STC) represented by the Enterprise Business Unit, signed a memorandum of understanding with Ateon (An Alhamrani Group FinTech Company), as part of its ongoing efforts to utilize the latest technologies to drive the innovation in the FinTech sector.

Riyadh S. Muawad, Vice President of Key Accounts at STC Business signed the memorandum with Mansoor AlGhamdi, Vice Chairman at Alhamrani Group on behalf of the Group’s CEO. Riyadh clarified that “Fully aligned with the Kingdom’s Vison 2030, we are always open to adopt and accelerate cutting-edge technologies and specifically Blockchain is one of the key transformational technology which is going to disrupt the status quo and transformed all businesses and governments”.

Saud A. AlSheraihi, General Manager of Business Development at STC Business added “The emerging technologies continuously disrupt the way that we do business, we believe that Blockchain technology has the key to address many challenges that different sectors have, where financial sector ranks among the top. Partnering with Ateon, a local Blockchain solutions provider and systems integrator, unlocks the potential to provide innovative solutions tailored for the market”.