Page 51 - Red Hat PR REPORT - FEBRUARY 2025

2/7/25, 2:23 PM Red Hat and neoleap Collaboration Paves Way for Application Modernisation and Enhanced Customer Experience in Digital Financi…
Red Hat and neoleap Collaboration

Paves Way for Application

Modernisation and Enhanced Customer

Experience in Digital Financial Services

February 4, 2025 10

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

Advertise here.

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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