Raqmiyat, a systems integrator and digital transformation solutions provider, has entered into a partnership with open API banking fintech Codebase Technologies to expedite the transformation of digital banking in the UAE and Kingdom of Saudi Arabia (KSA).
As a part of the partnership, Raqmiyat will serve as the regional business partner and licenced reseller of Codebase Technologies’ solutions.
Raqmiyat will offer digital banking services to banks, fintech, and other corporations that employ Codebase Technologies’ Digibanc platform. This will enable the financial institutions to offer an array of banking and payment products to their customers.
The solutions include an extensive technology stack such as core banking, open banking, next generation omnichannel banking solutions, smart rules, omni channel orchestration engine, social pay and super app among others for challenger banks, neobanks, micro finance banks and islamic banks.
Raqmiyat Digital Banking assistant vice president Danish Siddiqui said: “The Future of banking, financial services and insurance (BFSI) is managing, aggregating, and utilising 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 Sales acting general manager and vice president Bahaa 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.”
