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

Raqmiyat, a systems integrator and provider of digital transformation solutions, has joined forces with Codebase Technologies (CBT), a global open API banking fintech. Raqmiyat will serve as a regional business partner and authorized reseller of Codebase Technologies’ solutions, accelerating digital banking transformation in the UAE and KSA.

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.”

Raqmiyat will provide digital banking services to banks, fintech, and other corporates that use Codebase Technologies’ cutting-edge Digibanc platform to meet the market’s and customers’ evolving needs by leveraging the partnership with Codebase Technologies. Customers will then have access to a wide range of innovative banking and payment products tailored to their specific needs. Next Generation Omnichannel Banking Solutions, Core Banking, Open Banking, Smart Rules, BNLP, Omni Channel Orchestration Engine, Social Pay, Super App, and many more are included in the solutions for NeoBanks, Challenger Banks, Islamic Banks, and Micro Finance Banks.

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.”

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.”