Case Study: Strengthening Counter-Fraud Compliance for a Saudi Fintech

Client: JeelPay
Industry: Fintech / Buy Now Pay Later (BNPL)
Engagement: SAMA CFFR Assessment & Counter-Fraud Compliance

The Challenge

As a Saudi fintech operating within the regulated BNPL sector, JeelPay required an assessment of its counter-fraud environment against the Saudi Central Bank (SAMA) Counter-Fraud Fundamental Requirements (CFFR).

The objective was to evaluate existing controls, identify compliance gaps and support regulatory reporting and remediation planning.

SAUA's Approach

SAUA Consulting conducted a structured CFFR assessment, including:

  • Review of applicable CFFR requirements and controls.
  • Assessment of policies, procedures and supporting evidence.
  • Identification and risk assessment of compliance gaps.
  • Development of management actions and remediation recommendations.
  • Preparation of assessment reporting.
  • Counter-fraud maturity assessment.

The Outcome

The engagement provided JeelPay with a structured view of its counter-fraud compliance posture, areas requiring improvement and prioritized remediation actions.

It also strengthened management visibility over counter-fraud controls and supported JeelPay's readiness for its regulatory compliance requirements.

Key Areas

SAMA CFFR | Counter-Fraud | Fintech Compliance | Gap Assessment | Risk Management | Regulatory Reporting

SAUA Consulting supports fintechs and financial institutions with SAMA compliance assessments, CFFR, cybersecurity, governance, risk and regulatory readiness.

Client Testimonial

Infinitrs has been instrumental in helping UET Peshawar modernize our operations. Odoo has provided us with the tools and capabilities we need to manage our university more efficiently. We are extremely satisfied with the results and highly recommend Odoo and Infinitrs to other educational institutions.

Conclusion

By implementing Odoo, UET Peshawar was able to streamline its operations, improve financial management, and enhance decision-making. The ERP solution provided the university with the tools and capabilities needed to meet the challenges of a modern educational institution.

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