Jeel partners with Fintech Saudi to launch Sandbox platform for financial innovation
New initiative aims to accelerate fintech development and position Kingdom as global hub
RIYADH, Saudi Arabia (MNTV) — Jeel, a technology ecosystem provider powered by Riyad Bank, has partnered with Fintech Saudi to drive financial innovation by launching Jeel Sandbox, the Kingdom’s first dedicated technical platform for fintech experimentation and development.
The platform, according to Saudi Gazette, offers a secure, locally hosted environment where startups, innovators, and financial institutions can test new products, experiment with APIs, and prototype solutions using mock data — all without disrupting live banking systems.
The initiative is designed to lower barriers to entry, speed up innovation cycles, and help fintech ideas move from concept to market-ready products more efficiently.
Industry leaders said the Sandbox marks a significant step toward building a dynamic and future-ready financial ecosystem in Saudi Arabia.
Beyond serving as a testing ground, the platform will provide a full innovation lifecycle environment, supporting user acceptance testing and advanced services such as Banking-as-a-Service (BaaS) and Wallet-as-a-Service (WaaS).
“This launch represents a major milestone not only for Jeel but for the entire fintech community in Saudi Arabia,” said Mazen Pharaon, Vice Chairman of Jeel. “Jeel Sandbox is a catalyst for collaboration, innovation, and growth — building bridges between financial institutions, startups, and innovators who are shaping the future of finance.”
George Harrak, CEO of Jeel, added that the initiative will accelerate the development of fintech solutions, nurture homegrown talent, and attract international firms seeking to enter the Saudi market.
“By offering a compliance-first, ready-to-use infrastructure, the platform gives entrepreneurs confidence to innovate while ensuring safe collaboration with banks and regulators,” he noted.
Through this partnership, Jeel and Fintech Saudi reaffirmed their commitment to strengthening the Kingdom’s fintech ecosystem in line with Vision 2030, aiming to position Saudi Arabia as a leading global hub for financial technology and innovation.
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