Encouragement for Technical Integration with the General Organization for Social Insurance
| No: 46032390 | Date(g): 30/11/2024 | Date(h): 29/5/1446 | Status: In-Force |
Effective from 2024-11-30 - Nov 29 2024
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In reference to SAMA's receipt of a request from the General Organization for Social Insurance (GOSI) urging banks to establish technical integration with the organization in order to automate its services related to the request for a clearance letter in case the client wishes to transfer their pension to another bank account or requests the issuance of a bank commitment certificate to be submitted to the banks, which is part of the organization's efforts to improve the client experience.
Therefore, SAMA urges banks operating in the Kingdom to establish technical integration with GOSI in order to enable the automation of the aforementioned services. SAMA also emphasizes the importance of adhering to all relevant instructions and regulations in this regard, and conducting evaluations and risk assessments related to technological, cybersecurity, and data privacy aspects resulting from the technical integration process.