UK-based fintech firm NayaOne has launched Saudi Arabia’s first fully locally hosted Vendor Delivery Infrastructure (VDI) platform, in partnership with AstroLabs. The move enables financial institutions to develop and launch digital products more rapidly, aligning with Vision 2030’s goals to modernize and diversify the financial sector. Supported by the UK’s Department for Business and Trade, the platform offers access to synthetic data and secure test environments, helping institutions reduce proof-of-concept time from months to days. Several Saudi banks and fintechs are already using the platform for testing in areas such as embedded finance, AI, SME lending, and cybersecurity.
Commenting on the launch, NayaOne Founder and CEO, Karan Jain, said, “Hosting our platform inside the Kingdom removes data-sovereignty friction and lets institutions move from idea to execution in weeks.” On NayaOne’s expansion, Alex Nicholls, Director of Expansion at AstroLabs, said the move would help develop new products for a fast-changing market and support financial inclusion. He added that the Riyadh hub would enable stronger partnerships with financial institutions and fintechs, boosting innovation in Saudi Arabia’s financial sector.
