Codebase Technologies has partnered with Saudi Business Machines (SBM) to drive innovation in the financial sector in Saudi Arabia and MENA region, providing ready-to-market digital enablement solutions.

Nehul Goradia, Director – Channel and Alliances at Codebase Technologies, commented on the partnership, “We are proud to enter into this strategic partnership with a partner of such high standing as Saudi Business Machines. Through the partnership, we hope to increase our footprint in the growing KSA market and help SBM create significant impact for their customers in terms of value generation through digital capabilities.”

Codebase Technologies’ Managing Director – MENA, Tamer Al Mauge, added “Our extensive experience in successfully delivering innovation for some of the Middle East and North Africa’s biggest financial brands, as well as our award-winning Digibanc fintech platform, will complement Saudi Business Machines’ regional expertise and market insight to offer clients a better and faster way to enhance their digital services, launch innovative experiences, and empower them with a platform from which they can innovate with confidence.”

Leveraging the partnership with Codebase Technologies, Saudi Business Machines will provide digital banking services to banks, fintechs, and other corporates, leveraging Codebase Technologies’ award-winning Digibanc platform to meet the enhanced needs of local financial institutions. Through the partnership, NeoBanks, Challenger Banks, Islamic Banks, and Microfinance Banks will gain access to a suite of solutions that will accelerate their time-to-market for digital services and enhance their speed of innovation. The solutions include; next-generation omnichannel banking, digital core banking, open banking and API integration, instant lending, BNLP, omnichannel orchestration engine, peer-to-peer (P2P) payments, super apps, and many more.

Saudi Business Machines’ Vice President – Business Technology Solutions, Fadhel Al-Shaikh, added, “At SBM, it is our vision to maximize our clients’ value through their transformation. To serve the needs of the dynamic and growing market in KSA, we wanted to partner with a like-minded company that would help us deliver client value quickly without sacrificing quality. Codebase Technologies is the ideal partner to help us deliver something truly unique and sought after in the local and regional markets.”