Riyad Bank's Jeel signs MoU with zypl.ai to enhance digital banking with AI
Riyadh, Saudi Arabia / Dubai, United Arab Emirates - 15 July 2025
Jeel, the digital innovation arm of Riyad Bank, and zypl.ai, a pioneer in synthetic data generation and AI-powered risk analytics, today announced the signing of a comprehensive Memorandum of Understanding (MoU). The agreement establishes a collaborative framework to leverage next-generation data, artificial intelligence, and payment technologies that will accelerate deep integration of the digital ecosystem in the Kingdom's most advanced, customer-centric digital financial platform.
Turning data into competitive advantage
Central to the collaboration is zypl.ai's proprietary zGAN technology - an "outlier-aware" synthetic-data generator that creates privacy-preserving datasets able to stress-test financial models under extreme market conditions. When combined with zypl.ai's suite of AI risk-scoring engines, zGAN will enable Jeel to:
- Elevate credit-decision accuracy across lending and product-personalisation workflows
- Accelerate model development while fully safeguarding sensitive customer information
- Unlock deeper behavioural insights for more intuitive, personalised customer experiences
George Harrak, CEO of Jeel, noted the partnership aligns with Vision 2030 financial objectives and will enhance fraud prevention, credit scoring, and compliance capabilities while advancing the Kingdom's AI readiness in banking.
Reinforcing payment infrastructure with real-time intelligence
Beyond analytics, Jeel and zypl.ai will launch a joint programme to embed real-time fraud-detection and credit-decisioning models directly into Jeel's payment rails and digital channels. Key objectives include:
- Reducing false-positive rates and operational overhead in fraud management
- Driving faster authorisation times and materially lowering transaction costs
- Extending accurate, instant credit decisions to underserved customer segments
Azizjon Azimi, CEO of zypl.ai, stated the mission centres on making "advanced AI and synthetic data practical tools for inclusive growth", positioning the partnership as advancing ethical, resilient financial technology.
