SNB fosters innovation through two units. The first one is the digital innovations unit, which looks after digital and technological initiatives, linking internal and external stakeholders and partners. The second is the digital ventures unit that incubates innovation initiatives from external parties. SNB’s technological focus surrounds process digitization through AI data, the implementation of microservices, open APIs, and cloud base operations, and SNB comprises a full-fledged stand-alone neobank. The bank has also introduced a one-stop digital shop for clients, which has helped it achieve 83% in digital penetration, while digital transaction migration has reached 99%. In 2021, 92% of accounts were opened digitally. SNB organizes an annual “Ideathon” program to support innovative entrepreneurs. Besides these achievements, and in collaboration with Monsha’at, SNB has launched three Fintech accelerators, which have helped 30 startups, four of them environmentally focused.