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2/7/25, 2:23 PM Red Hat and neoleap Collaboration Paves Way for Application Modernisation - Middle East News 247
Red Hat and neoleap Collaboration Paves Way for
Application Modernisation
By News Desk 1 04/02/2025
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.
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