In a major boost to the Kingdom’s financial technology sector, Jeel, a leading technology ecosystem provider powered by Riyad Bank, has partnered with Fintech Saudi to launch the Jeel Sandbox. This pioneering platform is a secure, locally-hosted testing environment designed to accelerate the development, experimentation, and licensing journey for the nation’s fintech community. 🚀
A Secure Playground for Innovation
The Jeel Sandbox provides a critical piece of infrastructure for the ecosystem, allowing innovators, startups, and financial institutions to experiment safely. Within this environment, users can leverage APIs and mock data to rapidly prototype new financial solutions without any risk to live banking systems. This enables them to validate ideas at speed, significantly reducing the time and cost associated with bringing a new product to market.
Lowering Barriers and Accelerating Growth
A key objective of the sandbox is to democratize innovation within the fintech space. As highlighted by Jeel’s CEO, George Harrak, the platform offers tangible advantages by lowering barriers to entry for startups with ready-to-use infrastructure. It creates a compliance-first environment, giving entrepreneurs the confidence to experiment freely while accelerating innovation cycles from concept to market-ready products. 💡
From Sandbox to Full-Stack Service
The vision for the Jeel Sandbox extends far beyond a simple testing ground. It is set to become the gateway to Saudi Arabia’s financial innovation ecosystem, evolving into a full innovation lifecycle platform. The roadmap includes enabling User Acceptance Testing (UAT) and rolling out advanced services such as Banking-as-a-Service (BaaS) and Wallet-as-a-Service (WaaS), further embedding it as a core utility for the sector.
About Jeel
Jeel is a leading technology ecosystem provider and accelerator in Saudi Arabia, powered by Riyad Bank. It is focused on driving innovation and strengthening the national fintech ecosystem by building bridges between financial institutions, startups, and innovators who are shaping the future of finance in the Kingdom.
Source: Saudi Gazette
