Evidence-based maturity assessment — what IS
Core payment infrastructure and settlement capabilities
Accounting, reporting, and financial management capabilities
Core banking products and regulatory-grade financial services
| Capability | Score | Weight | Status | Evidence Hint |
|---|---|---|---|---|
|
Payment Gateway Integration
Connect to payment processors (MADA, VISA, Mastercard, Apple Pay, STC Pay) with PCI-DSS compliance
|
0
1
2
3
4
5
|
15 | Missing | PCI-DSS certificate, gateway integration tests, processor agreements |
|
Multi-Currency Support
Handle SAR, USD, EUR with real-time FX rates and currency conversion at settlement
|
0
1
2
3
4
5
|
12 | Missing | FX rate provider integration, currency conversion tests, multi-currency ledger entries |
|
Settlement Processing
End-to-end settlement cycle: capture, clearing, and fund disbursement with T+0/T+1 targets
|
0
1
2
3
4
5
|
15 | Missing | Settlement reports, clearing house integration, fund transfer logs |
|
Reconciliation Engine
Automated 3-way reconciliation between orders, payments, and bank statements
|
0
1
2
3
4
5
|
12 | Missing | Reconciliation match rate reports, exception handling logs, automated vs manual ratio |
|
Transaction Monitoring
Real-time transaction surveillance with velocity checks, amount thresholds, and pattern detection
|
0
1
2
3
4
5
|
12 | Missing | Monitoring dashboard screenshots, alert rules config, detection rate metrics |
|
Compliance Screening
AML/KYC screening against SAMA watchlists, UN sanctions, and PEP databases
|
0
1
2
3
4
5
|
12 | Missing | Screening provider contract, hit rate analysis, false positive management |
|
Fraud Detection
ML-based fraud scoring with rule engine fallback, device fingerprinting, and behavioral analysis
|
0
1
2
3
4
5
|
12 | Missing | Fraud model accuracy metrics, rule engine config, chargeback rate |
|
Audit Trail
Immutable, append-only audit log for all financial transactions with tamper-evident hashing
|
0
1
2
3
4
5
|
10 | Missing | Audit log samples, retention policy, tamper detection mechanism |
| Capability | Score | Weight | Status | Evidence Hint |
|---|---|---|---|---|
|
General Ledger
Double-entry accounting ledger with chart of accounts, journal entries, and trial balance
|
0
1
2
3
4
5
|
20 | Missing | Chart of accounts structure, sample journal entries, trial balance report |
|
Accounts Receivable
Invoice generation, aging reports, collection workflows, and credit management
|
0
1
2
3
4
5
|
15 | Missing | Invoice templates, aging report samples, collection automation rules |
|
Accounts Payable
Vendor invoice processing, approval workflows, payment scheduling, and 3-way matching
|
0
1
2
3
4
5
|
15 | Missing | AP workflow config, vendor onboarding process, payment cycle metrics |
|
Financial Reporting
IFRS/SOCPA-compliant financial statements, management reports, and regulatory submissions
|
0
1
2
3
4
5
|
20 | Missing | Sample financial statements, SOCPA compliance checklist, report generation logs |
|
Tax Management
VAT calculation (15% KSA), ZATCA e-invoicing compliance, withholding tax, and tax return filing
|
0
1
2
3
4
5
|
15 | Missing | ZATCA integration certificate, e-invoice samples, VAT return filing confirmation |
|
Treasury Operations
Cash flow forecasting, bank account management, liquidity optimization, and fund transfers
|
0
1
2
3
4
5
|
15 | Missing | Cash flow forecast samples, bank connectivity setup, liquidity reports |
| Capability | Score | Weight | Status | Evidence Hint |
|---|---|---|---|---|
|
Core Banking System
Account management, customer onboarding, KYC/CDD, and core banking transaction processing
|
0
1
2
3
4
5
|
25 | Missing | Core banking platform selection, account structure design, KYC integration |
|
Lending Platform
Credit scoring, loan origination, disbursement, repayment scheduling, and collections
|
0
1
2
3
4
5
|
20 | Missing | Credit scoring model, loan product catalog, collections workflow |
|
Deposit Management
Savings accounts, term deposits, profit distribution (Islamic/conventional), and interest accrual
|
0
1
2
3
4
5
|
20 | Missing | Deposit product definitions, profit calculation engine, account lifecycle tests |
|
Card Issuance
Virtual and physical card issuance, card lifecycle management, and tokenization
|
0
1
2
3
4
5
|
15 | Missing | Card issuer processor agreement, card program design, tokenization provider |
|
Regulatory Reporting
SAMA regulatory returns, Basel III/IV compliance reports, and automated submission pipelines
|
0
1
2
3
4
5
|
20 | Missing | SAMA report templates, Basel compliance calculator, submission automation logs |