alrajhi bank strengthens global partnerships and drives financial innovation at Money 20/20

alrajhi bank participated as a founding partner at Money 20/20, held from September 15 to 17 at the Riyadh International Convention and Exhibition Center. During the event, the bank and its subsidiaries signed more than 26 agreements and memoranda of understanding with local and international partners, underscoring its leadership at the region’s largest fintech gathering.

Money 20/20 is the regional edition of the world’s leading fintech platform, bringing together more than 450 brands, 350 speakers, and 600 investors from across the globe. Its agenda focused on artificial intelligence, digital payments, financial regulation, and banking innovation, serving as a strategic platform for shaping the future of finance and building cross-border partnerships.

alrajhi bank’s participation reflects its commitment to the “Harmonize the Group” strategy, a comprehensive vision that redefines the bank’s role beyond traditional banking. This strategy integrates the strength of its trusted and widespread banking network with pioneering digital solutions, positioning the bank as a complete financial ecosystem that leverages innovation, artificial intelligence, and modern payment technologies.

The agreements signed during the event lay out a clear roadmap for products and services that touch customers’ daily lives and support business growth. Among the most notable is the Visa Direct agreement, which enables instant transfers to bank accounts in more than 30 countries. The bank also announced a partnership with Google Pay to expand digital wallet payment options, along with enhancements to the Travel Plus card through its collaboration with NIUM, offering new currencies and improved travel services. Partnerships with Nana app and Al Majed Oud further enrich customer experiences by enhancing rewards programs and providing added value in everyday transactions.

The active participation of subsidiaries such as Neoleap, Newtech, Darahem, and Emkan highlighted the bank’s integrated digital ecosystem and its capacity to deliver advanced financial and technological solutions under one umbrella. Al Rajhi Takaful also played a prominent role by signing agreements with the Saudi Commission for Health Specialties, HungerStation, Theeb Car Rental, Google Cloud, Takamol Holding, and Masdar.

 These agreements aim to create innovative and tailored insurance offerings, expand digital solutions, and support both individuals and businesses through advanced services.

Neoleap announced a series of strategic partnerships with Jisr, Takamol Holding, Elm, and Qsalary, focusing on the expansion of its digital financial services. The company also affirmed its commitment to empowering productive families through a collaboration with the Nine Tenths Program and strengthened its cooperation with Al Yusr to expand shared services and offer digital solutions that address customer needs.

Emkan Finance further reinforced its leadership in the fintech sector by introducing AI-driven solutions through a partnership with Groq and by accelerating product development through an agreement with GitLab. It also entered into partnerships with Elm, Al Tawuniya, SASCO, Apparel, and Petromin, expanding its strategic network and extending its reach in the local market.

Other significant initiatives included the launch of the “Drahim Business” platform, designed to enable SMEs to manage liquidity, expenses, and payments more efficiently, as well as a memorandum of understanding with AstroLabs to help international companies enter the Saudi market through integrated financial packages. The bank also signed an agreement with SingleView to develop advanced digital treasury solutions that support corporate liquidity management, along with an agreement with Luzan to introduce flexible “buy now, pay later” services tailored to customer needs.

The bank’s presence at Money 20/20 reinforced its role as a key enabler of digital transformation in the financial sector. Its partnerships and agreements are designed to advance financial inclusion, empower SMEs, and enhance cross-border payments in line with Saudi Arabia’s global economic vision.
This milestone participation confirmed alrajhi bank’s pivotal role in shaping the future of financial technology in the Kingdom and the region, reflecting its ongoing journey of transformation and innovation.