Codebase unveils Digibanc SaaS to fast track digital banking adoption

By Edil Corneille

Dubai-based Codebase Technologies, a digital banking solutions provider, announced today the launch of its Digital Banking as a Service platform – Digibanc™ SaaS. The platform creates access for more banks and customers to move into the digital age of banking.

Raheel Iqbal, Managing Partner & Global Product Head at Codebase Technologies enuncaited, “At Codebase Technologies, we are dedicated to develop and design innovative solutions that address market challenges. There is a definite demand and a significant opportunity for banks and financial firms to move their operations to a SaaS model built on cloud computing to enable operational efficiencies & bring better digital experiences to their customers. Digibanc™ SaaS, has been created to empower financial institutions in their digital drives and ensures complete Regulatory compliance. We are thrilled to join hands with MDP to enable Egyptian banks to completely unleash the potential of this solution and capitalize on its exclusive features. Going forward, we will be rolling out the platform to other parts of the Middle East & Africa region very soon.”

Right from onboarding to product agility, financial institutions are looking at evolving their banking platforms and enhancing the customer experience. Implementing platforms that meet long-term ambitions require organizations to evolve out of legacy architectures.

As part of the solution rollout, Codebase Technologies has partnered with Masria Digital Payments in launching MDP Neo for its North African customers. Powered by Digibanc™ SaaS, MDP Neo is an API-driven digital onboarding, KYC, and instant decision management solution for banks, FinTechs, and other non-banking financial institutions. The proposition will allow financial and non-financial institutions in Egypt to adopt digital banking at scale while driving lower operational and acquisition costs.

Ahmed Nafie, VP Sales and Marketing at MDP apprised, “The all-new ‘MDP Neo, Powered by Digibanc™ SaaS’ offering will allow our customers in Egypt to enjoy many benefits of a cloud-based SaaS solution, right from cost savings and business agility to security, scalability and integration and stress-free upgrades. Codebase Technologies is a pioneer for digital innovation within the banking sector and we are honored to be selected to take its cutting-edge platform to market. Digibanc SaaS is set to transform the way regional banks and financial institutions operate and we are excited to be a part of their digital journeys.”

Codebase Technologies plans to launch Digibanc™ SaaS across Africa, Middle East, and the Asia Pacific as part of its 2021 rollout roadmap.