The Impact of Digital Banking Innovations on Supply Chain Integration in the E-Commerce Sector in Saudi Arabia: A Qualitative Approach

The enhancement of technology and the commitment to e-commerce under Saudi Arabia Vision 2030 drive progress in this realm. Thanks to digital banking innovations - fintech, blockchain and open banking solutions in particular that enable greater transparency, efficiency and security of supply chain integration - the industry experience rapid growth. In this paper, we investigate some examples of these innovations that are emerging in supply chain management and discuss whether they can benefit small or medium-sized enterprise (ISMEs). Drawing from industry background data collected and fresh research, we show in this report how these technologies have enabled the big leaguers inside large corporations to way more effectively extend their supply chain while smaller businesses continue to get curb stomped. The paper also considers the regulatory space; most notably the Saudi Arabian Monetary Authority and its open banking objectives. In this regard, we propose policy recommendations and future research areas in order to address these challenges better so that the adoption of digital banking technologies is extended.

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