We are on a mission to explore how innovation is disrupting the financial sector. How? As a trailblazer in KSA and the region, JEEL serves as a catalyst for visionaries and game-changers by providing the perfect ecosystem and resources to fuel their ideas. Our digital squads and facilities nurture and propel innovative concepts through their internal and external tracks, making it easy for disruptive ideas to go from the drawing board to reality in no time.
Innovation to us is the driving force that propels humanity forward, pushing the boundaries of what's possible. It's the spark that ignites new ideas and the engine that turns them into reality. With it, we can constantly improve the way we live and work.
With increased competition from non-traditional entities such as fintech companies and others, as well as the changing needs of digitally-savvy customers, banks must adapt to the digital era by embracing this disruption through innovation.
JEEL is powered by Riyad Bank, one of the largest founding banks in Saudi Arabia. As such, our background in the financial industry spans from 1957 till today, with various awards as a testament to our expertise and excellence. We serve Riyad Bank's objective to be a digitally responsive and innovative bank, addressing today's disruption in the financial sector.
"JEEL aims to innovatively address the rapid technological advancements disrupting industries and societies made possible by embodying the latest financial technologies and solutions and nurturing a thriving ecosystem where the industry's talents can flourish.
"JEEL is the fuse that gives life to your ideas by offering different services from ideation to execution and scale-up, we have got you covered!
1- Digital Lab: Incubate and accelerate your idea while seeking possible collaborations and monetization.
2- Digital Studio: Learn to define your requirements, prototype, and get support to achieve your ideal UX/UI.
3- Digital Factory: Just like in a factory, this is where the goods are made. With our highly experienced resources and advanced tools, execute your idea and deliver your project.
4- Digital Platform: Integrate your project with the broader ecosystem through technologies like APIs, Open Banking, Baas, and others and create new offerings.
5- Digital Business: It is all about strategy. Make the best decisions for your company with our marketing, PR, and communications teams.
6- Digital Insights and Research: Get access to valuable information. Belong to a community of thought leaders providing in-depth know-how through research and white papers.
What are you waiting for?
Let's disrupt together. "
"Whether you are a fintech, a government entity, a smart city, or any other business, joining JEEL provides you with immense value:
1- Transforming your company into a digital-led organization capable of competing with leading fintech players
2- Partnership opportunities and integration with the broader fintech ecosystem
3- Access to an innovation framework for rapid experimentation and scale-up
4- Exposure to a new way of working and growing your overall digital maturity
5- Building the right foundation for you to be at the forefront of future disruption
What are you waiting for? Join the Tomorrow Movement."
"We are on a mission to explore how innovation is disrupting the financial sector. We need your creative brains. If you're a company working in any of the following areas, reach out to us:
1- Financial Institutions
2- Smart Cities
3- Government Projects
4- Fintech and startups
5-Universities and big institutions "
JEEL is a top-tier innovation hub powered by Riyad Bank, a well-respected bank in Saudi Arabia with a long history dating back to 1957. Our experience in the financial sector and award-winning operations are testaments to our success. JEEL is also licensed by the Saudi Central Bank, charged with supervising and safeguarding the soundness of the Saudi financial system.
JEEL is here for everyone. Beyond Fintech startups & entrepreneurs, we also welcome financial and governmental institutions, established corporations, smart cities, young innovators and tech enthusiasts, and anyone with a vision bright enough to integrate the Tomorrow Movement!
"Jeel is located in Riyadh- Laysen Valley, building # 15.
Visit us & let's join forces."
"We are ready to assist you in any kind of service you would like to work on with us! You can choose any designated service at your convenience and we will happily advise.
Meet The Tomorrow Movement and reach out!"
"Unfortunately, we do not offer direct funding for start-ups. However, as we work together, funding might be secured via clients through Riyadh Bank on a case-by-case basis.
We look forward to discussing this further."
"At JEEL, we are committed to providing you with the perfect environment to bring your ideas to fruition. Our digital teams and state-of-the-art labs are equipped to support you every step of the way, from ideation to execution and scale-up. We are here to help you turn your ideas into successful ventures and take them to the next level.
Get in touch!"
Our team provides advanced knowledge and capabilities to help you create a better tomorrow. From board directors with years of experience in the banking, business, and financial Saudi industries through Riyad Bank to ambitious team members with innovative leadership in our ranks, we have got you covered."
"We are currently in the process of creating our programs and we will be posting all about them on our website.
Keep an eye out for exciting changes!"
Open banking is a banking practice in which third-party financial service providers are given open access to customer banking, transaction, and other financial data from banks and non-bank financial organizations via application programming interfaces (APIs).
In the banking business, open banking is a driving force of innovation. Open banking, which relies on networks rather than centralized, can assist financial services consumers in safely sharing their financial data with other financial organizations.
Jeel is prepared to equip you with the necessary tools and environment to fully realize the benefits of Open Banking. You may construct your APIs here, as well as any financial or commercial platform, product, or service you can imagine.
FinTech (Financial Technology), is an innovative industry that leverages software to offer financial services. It usually involves companies, often start-ups, aiming to disrupt traditional financial institutions and their reliance on outdated technology with smart solutions.
The fintech industry in Saudi Arabia is in a state of growth and Jeel aims to catalyze this development. The government has implemented a number of initiatives to encourage its growth, including the launch of the Financial Innovation and Development Unit (FIDU) and the establishment of the Saudi Arabian Monetary Authority (SAMA) regulatory sandbox. The government also announced the issuance of new licenses for fintech companies, which will allow them to operate in the country.
Fintech is a broad term that encompasses a wide range of financial services and technologies. While it includes digital banking, it also encompasses other areas such as payments, lending, insurance, investment, and wealth management.
Fintech is widely developed in Saudi Arabia, with a range of tech startups and entrepreneurs bringing innovative solutions to the banking sector. Investment banking is also booming in the country, which makes way for endless opportunities. With Jeel by your side, you can access the right ecosystem and tools to build your ideas and thrive in the fintech industry.
What are the regulations and compliance in the fintech industry in KSA? Both SAMA (Saudi Central Bank) and the CMA (Capital Market Authority) have recently introduced rules that regulate the use of emerging financial technology in both the Saudi banking/finance and securities markets. The Regulatory Sandbox is a regulatory process that acts as a ‘safe space’ by SAMA open to (i) SAMA-licensed Innovators wishing to test a solution covered by its existing permissions (for example, banks and insurance companies), (ii) SAMA-licensed Innovators wishing to test a solution not covered by its existing permissions, (iii) non-licensed local FinTech firms or start-up companies, and (iv) non-licensed international FinTech firms. For more information on fintech regulations and compliance, head to https://www.sama.gov.sa/en-US/Laws/pages/financerulesandregulations.aspx OR explore the Regulatory Sandbox Framework on https://www.sama.gov.sa/en-US/Regulatory%20Sandbox/Documents/Regulatory_Sandbox_Framework_English-NOV2020.pdf
One of the vision 2030 themes is a thriving economy that includes investing for the future. Under this theme, the Financial Sector Development Program (FSDP) is motivating new emerging players, such as FinTech startups, to stimulate innovation and competition by 2030 in accordance with Vision 2030.
