Codebase Technologies Partners with Capital Bank Group to Create New Regional Digital Bank


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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About Code Base Technologies

Codebase Technologies is a leading global provider of open API banking solutions, at the forefront of enabling banks and financial institutions (both conventional and Islamic), as well as the emerging Fintech ecosystem to demystify digital financial services.

We help organizations create and deliver innovative and intuitive experiences throughout the customer lifecycle. With a presence on 4 continents, Codebase Technologies with its award-winning suite of products, including the innovative Digibanc â„¢, a bank in a complete box, helps its customers unlock the true potential of the next generation of digital banking.

Codebase Technologies has launched multiple digital banks and financial offerings in UAE, Malaysia, Bahrain, UK and Africa regions with a proven success rate and unmatched speed to market. Growing at an exponential rate, Codebase Technologies has established itself as the pioneer of digital banking technology in the global banking industry.

For more information, please visit the Codebase Technologies website: www.codebtech.com

About the Capital Bank Group

Capital Bank Group is considered to be one of the leading financial institutions operating in the Jordanian and regional markets, with assets of JOD 3.4 billion, while the total equity of its shareholders is around JOD 400 million.

The Capital Bank group includes; Capital Bank, which since its inception in 1995, has grown to become one of Jordan’s leading financial institutions, providing the Jordanian market with a comprehensive set of commercial and investment banking services and solutions tailored to the needs of individual and corporate clients.

In 2005, Capital Bank (Jordan) purchased majority shares of the National Bank of Iraq (61.85%), which enabled NBI to develop its products and services, strengthen its presence and improve the financial inclusion at the country level, to support export activities and to provide all services to Jordanian companies operating in Iraq. As for Capital Investments, it is a 100% subsidiary of Capital Bank created in 2006 and offers specialized investment banking services to its clients through its offices in Jordan and the United Arab Emirates / Dubai International Financial Center (DIFC).

Before the end of 2020, in order to carry out its expansion plans, the Capital Bank group acquired all the activities of the Lebanese Bank Audi in Jordan and Iraq, the number of branches of the Capital Bank thus reached 28, while branches of the National Bank of Iraq reached 18.

For more information, please visit the Capital Bank website: www.capitalbank.jo

© Press release 2021