Jeel and zypl.ai are joining forces to advance AI solutions in Saudi Arabia's FinTech sector.

Jeel, the digital innovation division of Riyad Bank, and zypl.ai, a pioneer in synthetic data and AI-driven risk analytics, have signed a memorandum of understanding. The partnership aims to implement advanced solutions in data, artificial intelligence, and payments to accelerate the integration of the digital ecosystem and elevate the Kingdom’s most customer-centric financial platform to a new level.

At the core of the collaboration is zypl’s flagship zGAN technology, which creates confidential synthetic datasets capable of stress-testing financial models under extreme conditions. Combined with AI-powered risk scoring engines, zGAN will enable Jeel to:

— improve the accuracy of credit decisions and product personalization

— accelerate model development while strictly adhering to data protection requirements
— gain deeper insights into customer behavior to deliver truly personalized experiences.

George Harak, CEO of Jeel
We are building strategic partnerships to bring world-class technologies to Saudi Arabia and support the goals of Vision 2030. The collaboration with zypl.ai and the use of zGAN will enhance fraud prevention, accelerate credit scoring, and ensure regulatory compliance. Real-world sandbox projects will help shape AI-based risk management practices and bring Jeel closer to becoming the leading AI-powered digital banking platform in the Kingdom, providing FinTech companies with a secure environment for innovation.

Jeel and zypl.ai are also launching a program to implement real-time fraud detection and credit scoring models directly into Jeel’s payment channels and digital services. The initiative aims to:

— reduce the number of false positives and operational costs

— speed up transaction authorization and significantly lower processing costs— provide accurate, real-time credit decisions to underserved customers.

Source: Instagram