Data Analytics for Businesses

Humaid Mudhaffr

Mr. Humaid Mudhaffr is Qarar’s CEO, taking over the leadership in July 2024.  He has long been an influential figure at Qarar, where he was one of the founding team members representing SIMAH during Qarar’s inception in 2013 and has been a valued member of the company’s Board of Directors.

As an MIS graduate and bringing over 25 years of experience in technology operations, enterprise management, and consumer and SME financing, Mr. Humaid is one of the pioneering executives at the first national credit bureau in Saudi Arabia, driving its operations and data management functions.

His successful career path has encompassed leadership roles at GLEIF, EMGN, Riyadh Capital Financing Fund II & III (active Board membership).  His most recent position was at SME Government Credit Guarantee “Kafalah”, where he was leading as Chief Business Development and Research and played a significant role during the pandemic year 2020 and beyond for developing an innovative and
diversified guaranteed schemes for SME sector in KSA.

Humaid is widely recognised as an inspiring public speaker and subject matter expert in the financial technology sector, having shared his knowledge and strategic views at numerous events and conferences in KSA, the UAE, and internationally. His professional experience, capabilities, and leadership style is inspired by the vision of Dr. Abdulrahman Albarrak, the renowned Saudi academic and former Chair and Member of Board of Directors for many public and private organizations.

Nicolaas Westhuizen

Nico van der Westhuizen is a seasoned Risk Management Practitioner and currently serves as the Chief Operations Officer at Qarar, having rejoined the company in August 2024. Qarar is a leader in data analytics, leveraging advanced data science, proven analytics techniques, and its Smart Suite of products to drive business success in the GCC region. Nico’s extensive experience spans global markets, including Africa, Europe, North America, the Nordics, and the Middle East, making him a well-rounded expert in decision management.

His career began with multiple credit risk specialization roles at Experian in South Africa and The Netherlands. He later led the Consulting and Analytics department for Experian-Scorex in Canada and took on P&L responsibility as the Decision Analytics Market Head for the Nordics & Baltics in Copenhagen. Before returning to South Africa, he served as Director of Experian’s Global Consulting Practice in the UK, where he contributed to the development and market positioning of Experian’s Decision Management solutions, including PowerCurve.

Beyond Experian, Nico held senior leadership roles in major international banks, driving transformation and regulatory programs. At Standard Bank of South Africa, he established an internal risk advisory group leading key initiatives such as Basel III compliance and customer collections. As the Risk Information Services Director at Barclays Africa, he spearheaded the bank’s BSBS 239 compliance efforts, engaged with regulators, and introduced Model Risk as a principal risk category.

Nico also played a pivotal role at FICO, where he led major client engagements, including a large-scale Collections & Recovery Transformation program for Absa, delivering over R1bn in benefits. His expertise in product development, customer engagement, and thought leadership strengthened FICO’s platform capabilities and market presence. With a Bachelor of Science degree in Mechanical Engineering and Mathematics from North-West University, South Africa, Nico continues to drive innovation and excellence in risk management and decision analytics.

Mohammed Alfaifi

Mohammed is a visionary leader with 17 years extensive experience in product development, solution architecture, and strategic transformation. As the Head of PMO, he drives the successful execution of projects, ensuring alignment with business objectives and fostering a data-driven decision-making culture.

His career began in product development and the design of solution architectural frameworks, where he played a crucial role in shaping scalable and innovative solutions. Building on this foundation, he transitioned into strategy development, focusing on revitalizing policies and enabling organizations to adopt data-driven decisioning capabilities.

A key milestone in his career was leading the Gulf Cooperation Council (GCC) Strategy 2021–2025, a multi-country initiative spanning six Gulf nations. Through this, he spearheaded efforts to enhance the capabilities of the Gulf’s commercial and industrial markets, ensuring alignment with both regional and global standards. Additionally, he contributed to Vision 2030, empowering stakeholders with a deep understanding of data-driven strategies to foster sustainable growth.

Currently, as Head of PMO Mohammed has established and scaled project governance frameworks, optimized business analysis processes, and led high-impact data projects. His leadership emphasizes efficiency, collaboration, and continuous improvement, ensuring successful project delivery and long-term organizational success.

Faris Alfrsani