Riyadh — Mubasher: Al Moammar Information Systems (MIS) has partnered with QINV to provide Saudi financial institutions with an AI-native investment platform, targeting banks, wealth managers, family offices, and private banks across the Kingdom.
The companies will target financial institutions that collectively manage more than SAR 2 trillion in banking and wealth assets, as well as deposits held in current accounts that could potentially be directed toward investment products.
For retail and challenger banks, MIS and QINV deliver fully branded, white-label AI-backed investment products that can be deployed without replacing existing core banking systems. The solution is developed to enable financial institutions to introduce investment services more quickly than developing new core platforms.
As for wealth managers, family offices, and private banks, the platform provides tools to automate portfolio management, compliance, and client reporting. Its modular architecture allows institutions to adopt individual components based on their operational requirements, while hundreds of specialized AI agents support client-related processes.
The partnership supports the objectives of Saudi Arabia’s Vision 2030 Financial Sector Development Program by promoting technological innovation and broader access to financial services.
Abdullah Al Ghamdi, CEO of MIS, commented: “QINV brings a platform that is genuinely AI-native, not a legacy system with AI features added on. Together we can offer Saudi Arabia’s financial institutions a combination of credibility and capability that does not otherwise exist in this market.”
Max Schoppen, Co-CEO of QINV, said: “MIS’s network gives us something technology alone cannot: the in-market trust of the institutions we want to serve. Together we are bringing state-of-the-art technology to the Kingdom’s financial institutions, pushing them ahead of global challenger offerings, and opening sophisticated investing to every client segment.”
