Ryalize, a fintech platform based in Singapore with offices in Bahrain, has announced the appointment of Bahraini businessman and serial entrepreneur Suhail Algosaibi as its chairman.
The platform offers financial institutions a suite of services to better serve their corporate clients, including an earned wage access solution that allows employees access to their earned, but unpaid salary before payday.
This means that employees can choose to be paid more frequently during the month, reducing their financial stress and resulting in an overall increase in employee commitment and loyalty towards their employers.
The appointment builds on the company’s momentum after the signing of an agreement between Ryalize and Khaleeji Commercial Bank (KHCB) to make its services available to the bank’s corporate clients in Bahrain.
Mr Algosaibi commented: “I am delighted to have been asked to chair the board of Ryalize, which I consider to be an innovative and revolutionary fintech run by dynamic founders. I am excited to be leading the company into the future and helping it expand in the GCC and MENA region. I believe that within a few short years Ryalize will become a partner of choice for financial institutions that will positively impact millions of lives.”
Also commenting, Ryalize co-founder and chief executive Khalid Alshakrani said, “As one of the first such service providers of its kind in the GCC and Mena region, Ryalize aims to helps banks become more agile, relevant, and competitive in a rapidly evolving financial landscape.”
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