Kaspersky, a global cybersecurity company, has signed a Memorandum of Understanding with Codebase Technologies, a UAE-based provider of digital banking platforms and fintech solutions, to strengthen cybersecurity in digital banking and fintech offerings across the Middle East. The strategic collaboration aims to explore opportunities for delivering integrated digital banking and fintech solutions enhanced with advanced cybersecurity capabilities to banks, financial institutions, fintech companies, and regulated entities throughout the region.
Combining Expertise in Cybersecurity and Digital Banking
The partnership brings together Codebase Technologies’ award-winning Digibanc™ digital banking platform, implementation expertise, and strong regional market presence with Kaspersky’s industry-leading cybersecurity technologies. This collaboration focuses on enhancing the security, resilience, and compliance of digital banking and fintech environments used by financial institutions across the Middle East and North Africa region. By aligning their respective capabilities, both parties aim to support organizations in addressing cybersecurity risks associated with digital financial services, including protection of critical systems, fraud prevention, protection of sensitive data, and customer operations in increasingly complex threat environments.
“Financial institutions are operating in an increasingly complex threat landscape, where cybersecurity must be an integral part of digital banking platforms from the outset. Through this collaboration with Codebase Technologies, we aim to explore how our cybersecurity expertise can complement advanced digital banking solutions such as Digibanc™ to help organizations better protect their operations and customers.”
Rashed Al-Momani, General Manager at Kaspersky Middle East
Addressing Regulatory and Operational Requirements
The MoU establishes a comprehensive framework for collaboration, enabling both companies to combine their expertise to better protect financial institutions and their customers from evolving cyber threats. Codebase Technologies’ Digibanc™ platform is a cloud-native, API-first digital banking solution that delivers end-to-end capabilities across channels, core banking, lending, card issuance, and customer engagement, supported by a robust ecosystem of over 650 market-ready APIs. The integration with Kaspersky’s cybersecurity solutions will address regulatory, risk management, and operational requirements across target markets in the region.
“Cybersecurity is a critical pillar of modern digital banking and fintech services. By working with Kaspersky, we plan to assess opportunities to enhance our Digibanc™ platform with advanced security capabilities that address regulatory, risk management, and operational requirements across our target markets.”
Tamer Al Mauge, Managing Director – MENA at Codebase Technologies
Strengthening Financial Services Security
This strategic partnership represents a significant step forward in securing the digital financial services landscape across the Middle East. As financial institutions increasingly adopt digital banking platforms and fintech solutions, the need for integrated cybersecurity measures becomes paramount. Kaspersky’s deep threat intelligence and security expertise, combined with Codebase Technologies’ innovative digital banking solutions, will provide financial institutions with comprehensive protection against sophisticated and evolving cyber threats. The collaboration demonstrates both companies’ commitment to supporting the region’s financial sector in maintaining the highest standards of security and compliance while delivering innovative digital services to their customers.
