Capital Bank chooses Codebase to create a digital banking branch

Capital Bank Group selects Codebase Technologies to build and launch its first fully digital bank in Jordan and Iraq.

The Capital Bank group initiative will spearhead digital transformation in both countries, leveraging the combined mobile penetration rate of 88% of countries to transform the financial ecosystem; bring secure and widely accessible digital banking services to the wider market.

“Capital Bank Group Selects Codebase Technologies to Build and Launch Its First Fully Digital Bank in Jordan and Iraq.”

Powered by Codebase Technologies’ award-winning Digibanc ™ platform, the all-digital bank will provide Jordanian and Iraqi clients with next-generation banking services such as seamless integration, intuitive workflows, smartphone access and a wide range of innovative products and services. Digibanc ™ is an innovative ‘Bank-in-a-box’ solution that can be integrated with any financial institution’s existing core banking system and be customized to provide unique digital banking products and services.

Tamer Mauge, MENA Managing Director at Codebase Technologies, said: “We are proud to partner with Capital Bank Group and take another step forward by launching Iraq and Jordan’s first truly digital bank, aimed at both SMEs. and individuals. The opportunity we are embarking on will support the financial inclusion and literacy agenda while providing the banking sector in Jordan and Iraq with state-of-the-art technological infrastructure to pioneer digital financial innovation.

Zein Malhas, Chief Digital Officer of Capital Bank, said: “Technology has become the mainstay of our lives and our partnership with Codebase Technologies, which is the ideal partner to provide advanced technical services that reflect the commitment of Capital Bank Group to provide the best -notch and innovative solutions in the digital world. Capital Bank Group continues to develop its services in line with customer expectations and the Group’s conviction that innovation is the language of the future that offers customers, individuals or businesses, an exceptional digital banking experience without having to physically move around. agency ”.

Raheel Iqbal, Managing Partner at Codebase Technologies, commented on the partnership: “Codebase Technologies is committed to leveraging its expertise and global knowledge to deliver innovative digital financial products and services. We have a proven track record in multiple digital banking implementations across the region and we are passionate about supporting our partners to advance the financial inclusion and digital transformation agenda.

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