NEWS
Technology Mahindra to implement Oracle Fusion Cloud Applications Suite for Riyadh Air
Riyadh Air , Saudi Arabia ’ s new world-class airline has selected Oracle Fusion Cloud Applications Suite to efficiently manage its core business operations after a competitive bidding process . The services include digitalising finance , supply chain , and human capital management . The implementation will help Riyadh Air develop a modern , scalable , and secure business platform to enable data driven decision making , reduce costs , enhance employee engagement , and streamline procurement processes .
Riyadh Air has chosen Technology Mahindra as the implementation partner for this initiative , which will help Riyadh Air evolve as the world ’ s first digitally native airline . Technology Mahindra , is a provider of digital transformation , consulting , and business reengineering services and solutions .
Since it launched in March 2023 , Riyadh Air has signed several technology and engineering partnerships to enhance Riyadh Air ’ s offerings , services , and operational models , and set new standards in aviation sustainability and innovation . The airline now has major agreements with Lufthansa Systems , IBM Consulting , Accenture , Swiss AS , CAE , and Microsoft respectively .
Under this initiative , Riyadh Air will deploy Oracle Fusion Cloud Enterprise Resource
Planning , ERP , Oracle Fusion Cloud Human Capital Management , HCM , and Oracle Fusion Cloud Supply Chain & Manufacturing , SCM . Oracle Fusion Applications will enable Riyadh Air to take advantage of the cloud and break down organisational silos , standardise processes , and manage finance , supply chain , and HR data on a single integrated platform .
With quarterly update cycles , Oracle Fusion Applications provides access to continuous innovation so the airline can make faster and better decisions and outpace change .
Network International obtains licence from Saudi Central Bank to expand merchant business
Network International , the enabler of digital commerce across the Middle East and Africa , has announced that it has obtained a Major Payment Institution , Major PI licence from the Saudi Central Bank , SAMA that will strengthen the acquirer ’ s foothold in the Kingdom .
The procurement of the licence is a milestone that aligns with Network ’ s strategic objectives that include expanding capabilities to offer a comprehensive suite of payment acceptance solutions within the Saudi market which is the largest market in the region . The licence also enables Network to empower the expansion of their regional clients by offering an extensive range of payment solutions in this key business hub .
Network is positioned favourably to foster a dynamic and inclusive payments ecosystem in Saudi Arabia by building long-term
collaborative partnerships with merchants ,
Abdulaziz Al-Dahmash , Managing Director Saudi Arabia , Network International
businesses including SMEs , payment networks , banks and Fintechs across diverse sectors .
Tourism and residential mega development projects such as The Red Sea and Amaala as well as futuristic urban developments like NEOM are promising arenas for deployment of innovative payment solutions by Network .
Abdulaziz Al-Dahmash , Managing Director Saudi Arabia , Network International , said , “ We express our deep gratitude to the Saudi Central Bank , SAMA for their trust in providing Network International the opportunity to significantly contribute towards expanding the payments landscape in the Kingdom . Network ’ s robust acquiring solutions are designed to meet the unique needs of every business , from high-volume retailers to individual entrepreneurs and SMEs .
“ Government support further helps to foster an environment that is conducive to innovation in the financial services sector . We are proud to obtain this licence from the Saudi Central Bank , SAMA and excited to provide merchants and businesses with the solutions and expertise they need to thrive in the evolving digital landscape of Saudi Arabia .”
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