Nayaone, the supplier delivery infrastructure platform (VDI) confident by the main global banks and regulators, has launched the first platform fully housed in Saudites of the kingdom, marking its entry into the support of the Saudi Lady.
The deployment allows banks, insurers and fintechs to design, test and launch products in weeks, contributing directly to the 2030 Vision target of creating a digitally advanced inclusive and inclusive financial financial ecosystem.
With the support of the United Kingdom Business and Commerce (DBT), this launch provides Saudi institutions access to the local technological ecosystem, as well as the broader Nayaone ecosystem worldwide, rich synthetic data assets and a modular environment-or-or-or-or-O-O-O-O-O-CONPT-OROOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO-ERY DATA tests.
More recently, Nayaone was selected to provide infrastructure for a supercharged sand box by the Financial Behavior Authority (FCA), in collaboration with NVIDIA, to help financial institutions in the United Kingdom to safely experiment with A to accelerate.
This expansion marks a key moment in the collaboration of Fintech of Saudi UK-Saudi, joining British innovation with the impulse of the Saudi market. Based in the United Kingdom, Nayaone’s entry into the kingdom underlines its leadership role in the configuration of the future of Fintech innovation located in this high growth market.
Several Saudi and Fintechs banks are already live in the Nayaone Sandbox environment, testing solutions in areas such as integrated finance, cyber security, SME loans trips, cross -border remittances and adoption of AI.
Additional institutions are expected to join in the coming months, further strengthening the role of VDIS as the fundamental layer for the delivery of safe and repeatable suppliers the financial ecosystem.
“Albean our platform within the kingdom eliminates the friction of the data entertainment and allows institutions to go from idea to execution in week,” said Karan Jain, founder and CEO of Nayaone.
“We are funny to have emblematic clients, partners such as Astrolabs, the support of the KSA ecosystem and the breath of the United Kingdom government to increase our impact worldwide. In Nayaone, we hope to help in Ksher.
The United Kingdom Investment Minister, Baroness Gustafsson Cbe, said: “The United Kingdom is home to some of the best technological companies in the world, so I am delighted that Nayaone helps the final innovation in Ksa, reflecting the strength and financing in digital and financing. Be international from the beginning, working and depending on our associations with Saudi Arabia countries to support our economic growth.”
When commenting on the expansion of Nayaone, Alex Nicholls, director of Expansion of Astrolabs, said: “The expansion of Nayaone will accelerate a new subset of products that meet the demands of a quick movement market and support for support centers. Positioned to offer a greater impact by strengthening the closest point of view with leaders and innovative fes of finely in Saudech Of the finely finents in Saudech, whatever an innovation Catalos, the catalyzing catinate.
The Fintech market of Saudi Arabia has witnessed sustained growth in recent years thanks to a strategic combination of government initiatives, regulatory support and the growing appetite for financial services. As a result, Fintech is expected to reach a market value of $ 87 billion in 2029, compared to $ 64 billion in 2024.
With Saudi Arabia with the aim of establishing 525 Fintechs by 2030, Nayaone’s early entrance puts it in the center of this growth. As one of the first VDI platforms hosted in OFI, it is positioned to equip the next wave of Fintechs with the tools to build, try and launch faster.
