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Home News Business

Red Hat and neoleap join hands to bring faster & innovative digital financial services to Saudi Arabia

Arshi Khan by Arshi Khan
February 4, 2025
Red Hat neoleap

Red Hat, Inc., a leader in open-source solutions provider, enters into a strategic partnership with Neoleap, a Saudi fintech company and a subsidiary of Alrajhi Bank, to develop a cutting-edge platform that swift the delivery of innovative digital solutions with security.

neoleap, headquartered in Riyadh, provides a digital wallet, POS systems, restaurant solutions, payment gateways, and card issuance services to empower businesses of all sizes to effectively manage their finances in a seamless and accessible manner.

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 efficiency is critical for delivering neoleap’s services to its target market with agility.

To step up its business agility and address various challenges, neoleap took part in an immersive Container Adoption Journey facilitated by Red Hat Consulting, which enclosed a planning, design, and implementation process tailored to specific challenges and objectives.

This initiative included a comprehensive gap analysis of existing DevOps practices, followed by the construction and ongoing refinement of new workflows. The modernization and migration of applications have been executed on Red Hat OpenShift, the leading hybrid cloud application platform powered by Kubernetes, commencing with use cases like the Payment Wallet and Unified Merchant Portal.

Feras Al AlShaikh, Regional Director, Kingdom of Saudi Arabia, Northern Gulf, and Levant, Red Hat: “We are pleased to support neoleap, which has innovation and customer experience front and center in its modernization journey. A platform-based approach is fast becoming the payments paradigm thanks to the flexibility afforded by hybrid cloud infrastructure, and neoleap is showing the way. Red Hat open hybrid cloud solutions are designed to enhance business agility, security, and scalability, which companies like neoleap require to stay competitive. Our collaboration with neoleap shows how the strategic application of modern technologies can drive significant improvements in speed and efficiency. We are excited to see neoleap continue to drive business value from its platform-based technology transformation.”

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Also Read: ACI Worldwide Collaborates with Red Hat for cloud-native Enterprise Payments Platform

Amro Almunajjed, Head of Applications of neoleap: “Our collaboration with Red Hat marks a pivotal moment in our digital transformation journey against the backdrop of a highly dynamic and competitive industry. By understanding our challenges and how technology can deliver business impact, Red Hat has helped us become more efficient and agile and significantly reduce deployment times so that we can get new and better experiences to customers faster.” 

Arshi Khan

Arshi Khan

Arshi Khan is an editor at CXOVoice.com and has over three years of experience in tech business writing. In her role, Arshi covers significant developments in the tech industry. She has contributed numerous articles covering key IT, technology, banking, finance, and cybersecurity sectors. She provides valuable insights into the latest industry trends and developments, establishing herself as a knowledgeable and dedicated editor in the field. She can be reached at [email protected]

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