Page 13 - Red Hat PR REPORT - FEBRUARY 2025

Press Release

Red Hat and neoleap Collaboration Paves Way for Application
Modernisation and Enhanced Customer Experience in Digital
Financial Services

Red Hat helped streamline neoleap’s technology operations and improve delivery for faster
innovation

February 04, 2025 – Red Hat, Inc., the world's leading provider of open-source solutions, today
announced it has collaborated with leading digital financial services company neoleap, a subsidiary
of Alrajhi Bank, one of the largest banks in Saudi Arabia, to create a new platform to bring
innovative digital solutions to market faster and with enhanced security features.

Headquartered in Riyadh, neoleap is a Saudi fintech company that provides a suite of digital
solutions for business needs. From the digital wallet to accepting payments through point of sales,
restaurant solutions, payment gateway, and card issuing, neoleap’s mission is to enable businesses
of any scale to conveniently manage their finances anytime and anywhere with a fingertip.

Staying ahead of competition and disruptors in the payments industry demands continuous
improvement in time to market, quality of service and compliance with regulation and security
standards such as PCI-DSS. Facing a monolithic development process, infrastructure availability
and team availability challenges, neoleap looked for a modern application platform that could
enable it to step up its business agility.

neoleap took part in an immersive Container Adoption Journey led by Red Hat Consulting on the
planning, design and implementation of a new platform, tailored to neoleap’s unique challenges
and objectives. This included a gap analysis of neoleap’s existing DevOps processes followed by
the build and ongoing monitoring and optimisation of new processes. Applications are being
modernized and migrated onto Red Hat OpenShift, the industry’s leading hybrid cloud application
platform powered by Kubernetes, with initial use cases including Payment Wallet and Unified
Merchant Portal applications.

Combining the capabilities of Red Hat AMQ and Red Hat OpenShift Platform Plus, which includes
Red Hat Advanced Cluster Security, Red Hat Advanced Cluster Management and Red Hat Quay,
with modern CI/CD processes, neoleap is able to streamline software development, with
application deployment time reduced from days to minutes. This plays a role in delivering
neoleap's services faster to its target market.

As neoleap looks to the future, it aims to enhance its technology operations through increased
automation and is considering adopting Red Hat Ansible Automation Platform as a cornerstone
for its enterprise-wide automation strategy. Additionally, neoleap plans to expand its DevSecOps
practices across the organization and develop a robust failover mechanism to strengthen its disaster
recovery strategy, all with the support of Red Hat.