In an exciting development for the digital financial services sector, Red Hat, the leading provider of open-source solutions, has joined forces with neoleap, a prominent digital financial services company under Alrajhi Bank in Saudi Arabia. This partnership is set to revolutionize the market by creating a modern platform designed to bring innovative digital payment solutions with enhanced security features. neoleap aims to leverage Red Hat OpenShift to significantly improve business agility and facilitate faster service deployment.
neoleap’s Mission and Challenges
Headquartered in Riyadh, neoleap is committed to providing a wide range of digital solutions, including digital wallets, point-of-sale payment acceptance, restaurant solutions, payment gateways, and card issuance. Their overarching mission is to empower businesses of any size to manage their finances more conveniently and efficiently. In an industry characterized by rapid technological advancements and shifting customer expectations, staying competitive and relevant is a constant challenge.
To meet these challenges, neoleap must continuously enhance time to market, service quality, and compliance with stringent security standards like PCI-DSS. However, their existing monolithic development process and limited infrastructure availability hindered their ability to swiftly improve and deploy new services. Recognizing the need for a more dynamic and modern application platform, neoleap sought out Red Hat’s expertise to enhance their business agility and keep pace with the ever-evolving payments industry landscape.
The Transformation Process
Red Hat Consulting played a crucial role in neoleap’s transformation through an immersive Container Adoption Journey, which entailed planning, designing, and implementing a custom-tailored platform for neoleap’s specific objectives. The journey began with a comprehensive gap analysis of neoleap’s existing DevOps processes, identifying areas where improvements could be made. The subsequent phases focused on building and optimizing new processes that are better aligned with neoleap’s goals and operational needs.
As part of the transformation, neoleap commenced the modernization and migration of its applications to Red Hat OpenShift. The initial use cases for this migration included the Payment Wallet and Unified Merchant Portal applications. By integrating Red Hat AMQ and Red Hat OpenShift Platform Plus, including advanced components such as Red Hat Advanced Cluster Security, Red Hat Advanced Cluster Management, and Red Hat Quay, neoleap streamlined its software development lifecycle. This integration enabled significant reductions in application deployment times, shrinking from days to mere minutes, thereby allowing neoleap to deliver its services to the market more quickly and efficiently.
Future Aspirations and Strategic Importance
Looking ahead, neoleap is keen on further enhancing its technology operations through increased automation. They are considering Red Hat Ansible Automation Platform as a cornerstone for building an enterprise-wide automation strategy. Additionally, neoleap has plans to expand its DevSecOps practices, aiming to create a more robust failover mechanism for improved disaster recovery capabilities, all supported by Red Hat’s extensive technology portfolio and expertise.
The collaboration between Red Hat and neoleap signifies a remarkable leap in neoleap’s modernization journey. Feras Al AlShaikh, Regional Director of Red Hat, highlighted that this partnership epitomizes the fusion of neoleap’s forward-thinking approach with Red Hat’s hybrid cloud solutions. This synergy is expected to greatly enhance business agility, security, and scalability. Amro Almunajjed, Head of Applications at neoleap, also observed that their partnership with Red Hat has resulted in significant improvements in efficiency, agility, and deployment times, ultimately leading to better customer experiences delivered swiftly and effectively.
The Strategic Impact on Digital Transformation
In a groundbreaking move for the digital financial services industry, Red Hat, a leader in open-source solutions, has partnered with neoleap, an influential digital financial services company affiliated with Alrajhi Bank in Saudi Arabia. The collaboration is poised to transform the market with a state-of-the-art platform aimed at delivering innovative digital payment solutions enhanced by robust security features. By adopting Red Hat OpenShift, neoleap plans to significantly boost business agility, enabling faster deployment of services and a more dynamic response to market demands. This strategic alliance underscores the importance of leveraging advanced open-source technologies to stay competitive in the rapidly evolving financial landscape. With the integration of Red Hat’s cutting-edge solutions, neoleap is set to pioneer a new era of efficiency and reliability in digital payments. This collaboration is expected to not only enhance the customer experience but also set a new benchmark in the digital financial services sector, driving forward the digital transformation agenda in the region.