Riyadh Bank’s Jeel and Zypl.ai Ink MoU to Boost Digital Banking Using AI

Riyadh Bank’s Jeel and Zypl.ai Ink MoU to Boost Digital Banking Using AI Riyadh Bank’s Jeel and Zypl.ai Ink MoU to Boost Digital Banking Using AI

Jeel and zypl.ai have signed a major deal to boost Saudi Arabia’s fintech scene. The two are teaming up to integrate AI, synthetic data, and payment tech into Jeel’s digital banking platform, aiming to push the Kingdom’s financial ecosystem forward.

The heart of the collaboration is zypl’s zGAN technology. It generates synthetic datasets that protect customer privacy while stress-testing financial models under extreme market shifts. Combined with zypl’s AI risk engines, this tech will help Jeel:

  • Improve credit decisions and personalize products
  • Speed up model building without risking data leaks
  • Unlock deeper customer insights for better user experiences

Jeel’s CEO, George Harrak, explained the goal is to align with Saudi Vision 2030 by embedding world-class technology in local fintech.

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“We are dedicated to forging strategic partnerships that enhance the innovation ecosystem by integrating cutting-edge technologies from global leaders into Saudi Arabia’s market, aligning with Vision 2030 financial objectives. Collaborations like this with zypl.ai provide access to advanced zGAN synthetic data and risk models, enhancing fraud prevention, accelerating credit scoring, and ensuring compliance. Working alongside zypl.ai will facilitate real-world sandbox implementations, increasing visibility within the Kingdom and shaping AI risk and compliance practices. Through this collaboration, Jeel strengthens its ambition to become the Kingdom’s most advanced, AI-ready digital banking platform, while offering fintech’s access to a secure, high-speed innovation environment aligned with Saudi Arabia’s Vision 2030 financial sector development program.”

Beyond analytics, Jeel and zypl plan to embed real-time fraud detection and credit decisioning directly into Jeel’s payment rails. The goals here: cut false positives, speed up transaction approvals, lower costs, and expand credit access to underserved groups.

zypl CEO Azizjon Azimi underlined the shared mission to bring practical AI tools for inclusive growth.

“Our mission is to make advanced AI and synthetic data practical tools for inclusive growth. Jeel’s commitment to seamless digital banking aligns perfectly with zypl.ai’s vision of resilient, ethics-first AI. Together, we will equip Jeel with the intelligence needed to protect customers and power new products that match the Kingdom’s digital-economy ambitions.”

This partnership could reshape fintech infrastructure in Saudi Arabia, creating a high-tech, AI-powered digital banking platform aimed squarely at the future.

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