Codebase Technologies, an open API banking solution provider, has partnered with Network International in Dubai to launch a Banking-as-a-Service (BaaS) solution for corporates, fintechs, and startups in the Levant region, aiming to improve financial inclusion and digital banking accessibility.
Facts
- Codebase Technologies has partnered with Network International to introduce a Banking-as-a-Service (BaaS) solution for businesses and startups in the Levant.
- The solution aims to address limited financial inclusion in the region by democratizing access to digital banking technologies and expanding banking and payment product availability.
- Initial features of the cloud-based solution include digital onboarding with Know Your Customer (KYC), card issuance, digital wallets, payments, micro banking, and digital insurance.
- Amjad Al-Sadeq, Network International’s regional managing director, sees the solution as a way to remove barriers to digital transformation, facilitating easier market entry for digitization and long-term product development.
- Codebase Technologies has a history of promoting digital banking services in the Levant, previously collaborating with Credit Libanais and Visa and participating in the launch of Capital Bank of Jordan’s mobile banking app.
