Abu Dhabi - Sharikat Mubasher: Codebase Technologies, a UAE-based provider of digital banking platforms and fintech solutions, signed a memorandum of understanding (MoU) with the global cybersecurity company Kaspersky to strengthen cybersecurity in digital banking and fintech solutions.

Under the agreement, both entities will 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 company announced in a press release today.

This collaboration aims 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.

Commenting on the partnership, Tamer Al Mauge, Managing Director for MENA at Codebase Technologies, said: “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.”

This collaboration will combine Codebase Technologies’ Digibanc™ digital banking platform, implementation expertise, and regional market presence with Kaspersky’s cybersecurity technologies.

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

Moreover, the MoU sets 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.