Saudi Arabia’s Alhamrani Universal has deployed AI fraud prevention technology across its payment infrastructure through a partnership with INETCO and Stanchion Payments. The collaboration aims to address rising digital payment fraud across the Middle East.

The deployment, announced December 18, centers on INETCO’s BullzAI platform, which Alhamrani Universal will use to monitor self-service and digital payment channels. The company processes transactions through thousands of ATMs and point-of-sale terminals across Saudi Arabia and the broader region.

Key Takeaways

  • Alhamrani Universal partners with INETCO and Stanchion Payments to deploy fraud monitoring technology
  • System monitors payment transactions in real-time across ATMs and digital channels
  • Partnership supports Saudi Vision 2030 digital transformation objectives
  • Deployment responds to growing cyber threats in Middle East financial sector

Growing Fraud Risks Drive Security Investment

The partnership addresses increasing cyber threats in Middle East financial services. According to PwC’s 2025 Global Digital Trust Insights report for the region, 15% of surveyed organizations reported breaches costing over $100,000, while 13% experienced losses exceeding $1 million.

“INETCO BullzAI gives us real-time visibility across thousands of self-service and digital payment transactions,” said Mario Rouhana, Chief Operations Officer at Alhamrani Universal. The company describes the system as capable of revealing which financial institutions and merchants are active, transaction performance metrics, and suspicious behavior patterns.

Technical Capabilities and Compliance

The INETCO BullzAI platform provides transaction monitoring across Alhamrani Universal’s payment network. According to the company, the system includes behavioral analysis of users, terminals, and devices to detect unauthorized activity.

Key features include monitoring for unregistered terminals operating outside SAMA’s licensed ecosystem, machine learning-based threat detection, and transaction filtering. The platform is designed to identify multiple fraud types, including BIN attacks, account takeovers, and card-present and card-not-present fraud.

Regional Digital Payment Context

Alhamrani Universal operates as an ATM and payment solutions provider serving banks and merchants across the Middle East. The company positions its services as supporting Saudi Vision 2030’s digital transformation initiatives.

“As threat actors exploit new vulnerabilities, the financial, reputational and regulatory stakes are higher than ever,” said Steve Kirrage, CEO of Stanchion Payments, which facilitated the partnership as INETCO’s global partner.

What’s Next

INETCO currently operates fraud prevention systems in more than 30 countries. The company’s CEO, Bijan Sanii, noted that digital payment fraud in the Middle East ranges from online phishing to card-not-present schemes and account takeovers.

The deployment represents Alhamrani Universal’s approach to balancing payment accessibility with security requirements as Saudi Arabia expands its digital economy infrastructure. However, independent verification of the system’s effectiveness in production environments was not immediately available.