Kaspersky and Codebase Technologies collaborate to secure digital banking and fintech

• Kaspersky and Codebase Technologies signed a memorandum of understanding on January 21, 2025.
• The collaboration focuses on enhancing cybersecurity in digital banking and financial technology environments.
• The partnership explores integrating the Digibanc™ platform with Kaspersky’s cybersecurity technologies.
• The collaboration targets banks, financial institutions, fintech companies, and regulated entities in the Middle East.

Kaspersky and Codebase Technologies signed a memorandum of understanding to enhance cybersecurity capabilities for digital banking and financial technology services across the Middle East, according to a joint announcement on January 21, 2025.

This collaboration aims to explore opportunities to deliver integrated digital banking services and fintech solutions supported by advanced cybersecurity capabilities, for the benefit of banks, financial institutions, fintech companies, and regulated entities operating in the region.

Under the agreement, the two parties intend to integrate Codebase Technologies’ Digibanc™ digital banking platform and its strong regional presence with Kaspersky’s cybersecurity technologies. The collaboration focuses on enhancing the security, resilience, and compliance of digital banking and financial technology environments used by financial institutions and regulated entities.

By integrating their technical capabilities, the two parties seek to support institutions in addressing cybersecurity risks associated with digital financial services, including protecting critical systems, preventing fraud, safeguarding sensitive data, and securing customer operations in increasingly complex threat environments.

Rashed Al Momani, General Manager – Middle East at Kaspersky, said that financial institutions operate in an environment characterized by escalating threats, where cybersecurity must be a core element of digital banking platforms from their earliest stages. He added that this collaboration with Codebase Technologies aims to explore how Kaspersky’s cybersecurity expertise can be integrated with advanced digital banking solutions such as Digibanc™ to help institutions better protect their operations and customers.

For his part, Tamer Al Mauge, Managing Director for the MENA region at Codebase Technologies, said that cybersecurity is a fundamental pillar of modern digital banking and fintech services. He added that working with Kaspersky enables the evaluation of opportunities to enhance the Digibanc™ platform with advanced security capabilities that meet regulatory requirements, risk management needs, and operational requirements in the target markets.

The MOU establishes a framework for cooperation that enables the two companies to integrate their expertise to better protect financial institutions and their customers from advanced cyber threats.