Codebase Technologies introduces Digibanc Digital Roshan solution

By Edil Corneille

Codebase Technologies introduced its FinTech offering – Digibanc™ Digital Roshan to empower conventional and Islamic banks in Pakistan to manage seamless, consistent, and engaging customer journeys across multiple customer touch-points and drive their digital transformations.

The comprehensive digital solution aims to help banks to support overseas Pakistani customers to open their Roshan Digital Accounts effortlessly among other functions.

An initiative by the Government of Pakistan, Roshan Digital Accounts are aimed at assisting millions of overseas Pakistanis in undertaking fund transfers, bill payments, and investment activities.

Raheel Iqbal, Managing Partner & Global Product Head at Codebase Technologies said, “Factors such as disruptive internet and smartphone penetration in the country, consumer preferences for social media and growing e-commerce are driving digital payments and processes in Pakistan. The government of Pakistan is also putting in place strong regulatory frameworks and laws for digital financial services, pushing the growth of fintech-led initiatives. Roshan Digital Accounts is the latest initiative by the Pakistani government and at Codebase Technologies, we aim to be the partner of choice with our new offering Digibanc™, as financial institutions embrace digital innovation.”

Pakistani banks can now accelerate their KYC processes remotely and digitally to help customer open accounts within minutes. With the ability to go to market in less than 45 days, banks can leverage the solution and help customers enjoy additional benefits such as digital onboarding and account services, instant access to investments, real-time 24/7 access to account services and personalized offers to expand a larger and loyal customer base. It will also enable financial institutions to reduce costs and gain higher profitability. With a highly modular, scalable, and robust open technology architecture, Digibanc™ delivers enterprise grade security.

Digibanc™ – Digital Roshan Solutions operate with and alongside any legacy core banking system, leveraging on an open architecture and modern API-driven based solution, thereby allowing banks increased flexibility and scalability.