Kaspersky and Codebase Technologies sign MoU to strengthen cybersecurity in digital banking and fintech solutions

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 operating across the Middle East. The collaboration aims to explore opportunities for delivering integrated digital banking and fintech offerings enhanced with advanced cybersecurity capabilities to banks, financial institutions, fintech companies, and regulated entities across the region.

The partnership intends to combine Codebase Technologies’ Digibanc™ digital banking platform, implementation expertise, and regional market presence with Kaspersky’s cybersecurity technologies. The collaboration focuses on enhancing the security, resilience, and compliance of digital banking and fintech environments used by banks, financial institutions, fintech companies, and regulated entities.

By aligning their respective capabilities, the parties aim to support organizations in addressing cybersecurity risks associated with digital financial services, including protection of critical systems, fraud prevention and protection of sensitive data, and customer operations in increasingly complex threat environments.

Rashed Al-Momani, General Manager at Kaspersky Middle East, commented on the partnership: “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.”

Tamer Al Mauge, Managing Director - MENA at Codebase Technologies, commented: “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.”

The MoU establishes a framework for collaboration, enabling Kaspersky and Codebase Technologies to combine their expertise to better protect financial institutions and their customers from evolving cyber threats.