Codebase Technologies MD for MENA, Tamer Al Mauge, added.

We are thrilled to partner with Al Amthal, a major player in Islamic financing in KSA, to revolutionize their lending business. Our Digibanc platform's omnichannel and digital onboarding components, coupled with instant credit decisioning and loan disbursement capabilities, will not only enhance Al Amthal's market position, but also offer their customers an exceptional digital experience.

Codebase Technologies will leverage the omnichannel component of their Digibanc fintech and banking platform to provide Al Amthal customers with seamless digital experiences accessible through web and mobile channels. To ensure compliance and security, Digibanc's API integration layer will be used to seamlessly integrate with external agencies like SIMAH, Nafath, and Yakeen.

"Al Amthal Financing aims to position itself as one of the leading Islamic financial institutions in the region and engaging Codebase Technologies and Raqmiyat will accelerate the organization's long-term digital transformation strategy, enabling the lender to stay ahead of the curve in the rapidly evolving digital financial landscape," commented Acting General Manager and Vice President of Sales at Raqmiyat, Bahaa Eddine Al Indary.

Al Amthal is taking a leap forward in digital finance by deploying the solution on a cloud infrastructure. This move positions the organization as an early adopter of cloud banking...