Open API banking fintech Codebase Technologies has joined forces with cloud-managed services provider Cloud4C to provide digital financial enterprises in the Middle East and North Africa (MENA) region with risk-proofed digital transformation journeys.

By combining the features of Codebase Technologies’ Digibanc fintech platform with cloud hosting from Cloud4C, the partnership will assist regional banks and financial services providers in expediting their time to market, enhancing user experiences, and lowering operational costs.

Cloud4C MEA regional director Rakesh Reddy said: “Codebase Technologies and Cloud4C jointly promise a powerful technology foundation for legacy financial institutions and modern neobanks, enabling them to transform their mission-critical operations, innovate faster with digital advancements, and deliver personalised experiences to customers anywhere and anytime with near zero downtimes.

“While Digibanc supplies an advanced business platform, Cloud4C extends end-to-end managed services for hyper-scale public, hybrid, and multi-cloud environments.”

As part of the collaboration, Codebase Technologies will join Cloud4C as a preferred independent software vendor (ISV) partner. Digibanc will be available to the clients of the latter as an advanced cloud banking solution.

Furthermore, Cloud4C will support Codebase Technologies and offer cloud hosting for the fintech firms or direct clients running Digibanc, now and in the future.

Digibanc can be made available to customers on an individual or software-as-a-service (SaaS) basis, depending on their requirements, said Codebase Technologies.

Codebase Technologies channel and alliances director Nehul Goradia said: “We are excited to join forces with Cloud4C to support our clients by offering them a comprehensive banking technology stack through Digibanc, powered by a high-availability, fully secure and compliant cloud.

“While many institutions have embarked on digital transformation journeys, we foresee that the pace of change will continue to increase, and we are happy to bring an all-in-one solution with Cloud4C to market that will truly empower our clients.”

In August 2022, Raqmiyat, a systems integrator and digital transformation solutions provider, partnered with Codebase Technologies to expedite the transformation of digital banking in the UAE and Saudi Arabia.