Page 57 - Red Hat PR REPORT - FEBRUARY 2025

Red Hat and neoleap Collaboration Paves Way for

Application Modernisation and Enhanced

Customer Experience in Digital Financial Services.

Latest News / February 6, 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.

https://supplynetwork-africa.co.za/red-hat-and-neoleap-collaboration-paves-way-for-application-
modernisation-and-enhanced-customer-experience-in-digital-financial-services/