nBanks signs strategic partnership with Saudi Arabia to boost the financial future of the Middle East

nBanks has just taken another step in its international expansion, this time heading to the Middle East. On September 24, 2025, in Lisbon, within the scope of the Portuguese Saudi Private Business Forum, the Portuguese fintech announced the signing of a strategic contract with Asasat Development and Real Estate Development Co., from Saudi Arabia, reinforcing its role as a global reference in Open Banking, Open Finance, and Financial AI.

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A historic milestone for Portugal and nBanks

With this partnership, nBanks becomes the first Portuguese fintech to play a central role in the Saudi financial ecosystem. The project is fully aligned with the ambitious Saudi Vision 2030, whose objective is to position the Kingdom as the reference financial hub in the Middle East.

nBanks' technology will serve millions of Saudi users, companies, and public entities, offering innovative financial management solutions that promote digital integration, innovation in the banking sector, and regional competitiveness.

The projections for this collaboration are significant: the economic impact is estimated to exceed one billion dollars in the next decade, placing Portuguese technology at the forefront of global financial digital transformation.

In addition to the economic and technological impact, this agreement also represents a strengthening of business relations between Portugal and Saudi Arabia, highlighting the innovation capacity of the national fintech in critical areas for the future of the global economy.

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                                               Report available on CNN Negócios broadcast - 13H12 - September 25, 2025