Raqmiyat partners with Codebase Technologies to enhance digital financial services in UAE & KSA

By Leandra Monteiro

Raqmiyat, a leading systems integrator, and digital transformation solutions provider has partnered with Codebase Technologies (CBT), a global open API banking FinTech. The partnership will accelerate digital banking transformation in UAE & KSA, with Raqmiyat serving as a regional business partner and authorized reseller of Codebase Technologies’ solutions.

Commenting on the partnership, Acting General Manager & Vice President of Sales at Raqmiyat, Bahaa Eddine Al Indary said, “We selected Codebase Technologies as our strategic partner because of our shared vision for digital for the future of digital services in the Region and their robust and cutting-edge Digibanc fintech and digital banking platform. The value they provide to banks and other financial institutions ensures we can effectively disrupt the market. This partnership will allow us to evolve the digital banking landscape, providing innovative experience for a seamless and consistent interaction between customers and their financial institutions.”

By leveraging the partnership with Codebase Technologies, Raqmiyat will provide digital banking services to banks, FinTech and other corporates that take advantage of Codebase Technologies’ Digibanc platform to meet the evolving needs of the market and customers. In turn, customers will gain access to an extensive range of innovative banking and payment products tailored to their lifestyles. The solutions encompass a comprehensive technology stack for NeoBanks, Challenger Banks, Islamic Banks, and Micro Finance Banks including Next Generation Omnichannel Banking Solutions, Core Banking, Open Banking, Smart Rules, BNPL, Omni Channel Orchestration Engine, Social Pay, Super App, and many more.

Danish Siddiqui, Assistant Vice President – Digital Banking, Raqmiyat said, “The Future of BFSI is managing, aggregating, and utilizing customer data to empower them based on their needs with the most intuitive service experience no matter how they bank. This partnership enables us to leverage a proven technology stack in achieving our customer’s current and future needs for scalability and agility.”

Tamer Al Mauge, Codebase Technologies’ Managing Director for MENA stated, “We’re very happy with our strategic partnership with Raqmiyat. The team share our vision and have a strong reputation in the Region. Together, we’re looking forward to creating real disruption in the market by empowering financial institutions with the tools they need to innovate at speed and scale.”