aiNTEL and Itqan X Launch eKYC and AML Screening in Saudi Arabia with SIMAH's Qarar

Washington D.C., USA, September 8th, 2026, FinanceWire

aiNTEL powered by InGrav, the AI-powered risk and decision intelligence platform, today announced a national eKYC and AML screening deployment in Saudi Arabia, delivered through a partnership between Itqan X, aiNTEL's exclusive partner, and Qarar, a subsidiary of SIMAH. The rollout combines regional compliance expertise with institutional depth to deliver one of the most comprehensive AI-driven compliance deployments at a national level to date.

Itqan X is the specialist delivery force behind the deployment, focused on AI-powered compliance infrastructure across the Kingdom. Its deep understanding of KSA's regulatory landscape and institutional relationships makes it the bridge between world-class technology and real-world adoption, translating global AI capability into locally compliant, enterprise-ready solutions.

SIMAH brings the institutional backbone the deployment is built on, providing KSA's financial sector with the data infrastructure, credit risk frameworks, and decision technology that underpin how Saudi institutions assess and manage customer risk.

"Saudi Arabia's financial sector is moving fast, and compliance infrastructure has to move with it," said Hani Almogarthey, Founder of Itqan.

"What this deployment represents is not just a technology rollout but a fundamental shift in how financial institutions in the Kingdom identify, assess, and monitor risk. By combining Itqan X's knowledge of the KSA compliance environment with SIMAH's institutional depth and aiNTEL's AI intelligence platform, we have built something the market has not had before: a unified, living compliance infrastructure that updates in real time. This is the standard the region's financial sector has been waiting for."

As Itqan’s CEO Bandar Abed expressed: "This partnership reflects our commitment to contributing to the development of a safer, smarter, and more trusted financial ecosystem. For us, technology is not merely a tool for verification; it is a means of building trust and protecting the economy."

aiNTEL's InGrav AI Platform is powered by Agentic AI to continuously capture, process, and analyze data, identifying relevant risks and emerging patterns. InGrav combines risk intelligence with enriched profiles, providing a deeper and more contextual understanding of individuals and entities than providers relying on risk data alone.

At the core of InGrav is a proprietary data lake curated over 26 years of global risk and intelligence data, used to automate anomaly detection, uncover hidden relationships, and perform advanced network mapping, enabling organizations to identify connections and risks.

eKYC and AML screening in the region has historically been fragmented across siloed systems, manual processes, and static watchlists unable to keep pace with evolving financial crime networks. This deployment replaces that patchwork with a unified intelligence layer that builds entity-level risk profiles that update continuously, replacing point-in-time checks with ongoing, dynamic monitoring.

About aiNTEL

aiNTEL is an AI-powered risk and decision intelligence company that helps compliance, risk, and investigations teams make faster, better-informed decisions. 

About Itqan X

Itqan X is aiNTEL's exclusive KSA partner, specialising in the delivery of AI-powered compliance infrastructure for financial institutions. The firm provides locally compliant, enterprise-ready solutions that translate global AI capability into practical adoption across KSA.

About SIMAH

SIMAH, the Saudi Credit Bureau, is the Kingdom of Saudi Arabia's leading credit information company, providing credit information, analytics, and decision-support solutions to financial institutions and other authorized entities.

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