30-07-2025
Jeel and zypl.ai Partner to Advance AI-Driven Digital Banking in Saudi
Jeel, the digital innovation arm of Riyad Bank, has signed a MoU with Dubai-based a specialist in synthetic data generation and AI-powered risk analytics.
The agreement sets out a collaborative framework to support the adoption of advanced data technologies, AI, and payment solutions aimed at developing customer-centric digital financial platforms in Saudi Arabia.
Central to the partnership is proprietary zGAN technology, an 'outlier-aware' synthetic data generator that produces privacy-preserving datasets capable of stress-testing financial models under extreme market conditions.
Combined with suite of AI risk-scoring tools, the technology is expected to enhance credit decision-making, accelerate model development while safeguarding customer data, and generate deeper behavioural insights.
George Harrak, CEO of Jeel, said:
'Collaborations like this with provide access to advanced zGAN synthetic data and risk models, enhancing fraud prevention, accelerating credit scoring, and ensuring compliance. Working alongside will facilitate real-world sandbox implementations, increasing visibility within the Kingdom and shaping AI risk and compliance practices.'
In addition to analytics, Jeel and will work together to embed real-time fraud detection and credit decisioning models into Jeel's payment infrastructure and digital channels.
The initiative seeks to reduce false positives in fraud management, speed up payment authorisations, cut transaction costs, and provide faster, more accurate credit decisions to underserved customer segments.
Azizjon Azimi, Founder and CEO of commented:
'Jeel's commitment to seamless digital banking aligns perfectly with 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.'
