Sedania Innovator Berhad Group has partnered with global open API banking solutions provider Codebase Technologies to expand the Group’s capacity for providing, digital-first banking and financial services for its client network while accelerating the UAE-based FinTech’s Southeast Asian expansion.
With a growing demand for digitally driven banking and financial products and services in Malaysia and Southeast Asia, organizations and institutions around the region are rapidly adopting new operating models to ensure that their customer bases are being served with the most, innovative propositions available. This partnership will enable Sedania Group to diversify its FinTech offerings using Codebase Technologies’ Digibanc™ platform and add more innovative capabilities to its existing Tawarruq platform.
Nisa Ismail, CEO at Sedania As Salam commented, “This partnership will position us ahead of the curve in delivering innovative digital banking solutions which meet the requirements of financial institutions. We will be able to leverage the groundbreaking, well-recognized technology from our partner, Codebase Technologies, which has been the critical driving force in the successful launches of digital banks, fintechs, and digital banking arms across the Middle East.”
Codebase Technologies is a global pioneer in the banking and financial solutions space, with projects and implementations in Islamic and conventional institutions, lenders, FinTechs, payment services companies, and other players across the BFSI. Over the last decade, Codebase Technologies has redefined the digital finance landscape by launching multiple digital banking propositions, with notable launches such as Zand – UAE’s first fully digital retail and corporate bank – and Blink – Jordan’s first digital-only neobank.
This partnership will accelerate the FinTech’s global expansion into the Southeast Asian market, with the Group serving as a key intermediary between its expansive network of high-tier, blue-chip clientele and Codebase Technologies.
Omar Mansur, Global Enterprise Lead at Codebase Technologies said, “We’re looking forward to an extremely fruitful partnership with Sedania as we work together to accelerate digitization in the region. The mutual synergies that we will be able to explore are limitless and will allow widened access to a diverse range of digital solutions for FI’s. The partnership will help us expand our footprint in Malaysia and the APAC Region, and we’re thankful for collaborating with a like-minded organization with whom we share a common vision.”