Interswitch Teams Up With Codebase Technologies to Accelerate Digital Banking Transformation Across Africa
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Interswitch Teams Up With Codebase Technologies to Accelerate Digital Banking Transformation Across Africa

By CIOReview | Tuesday, September 21, 2021

Interswitch Group and Codebase Technologies, together, will accelerate the digital banking transformation across the African continent.

FREMONT, CA: Interswitch Group has teamed up with Codebase Technologies (CBT), a leading global open API banking solution provider, to help the African continent speed its digital banking transformation.

Interswitch’s Divisional CEO for Digital Infrastructure & Managed Services, Jonah Adams, commented, “Africa is at the forefront of digitization, with the fintech market across the continent rapidly evolving. There is also an increasing consumer demand for new, more accessible products and services, and for Interswitch, continuing to innovate and enhance our product propositions is critical. We are excited to partner with Codebase Technologies, bringing with them next-generation technological capabilities and expertise, as we continue our mission to increase access to financial services and drive financial inclusion across Africa.”

Digibanc™ SaaS, hosted by Interswitch, will provide full front-to-back SaaS capabilities to financial institutions in West and East Africa via a speedy and cost-effective deployment approach, providing actual economies of scale. Interswitch will benefit from working with the Codebase Technologies team to expand its present digital offering while also leveraging Interswitch's brand recognition to expand the reach and visibility of Digibanc™ SaaS in Africa.

Codebase Technologies' Commercial Director and Africa MD, Paul Nilsen, stated, “We look forward to working with Interswitch Group and launching this new, cutting-edge technology that will redefine user-centric, financially inclusive financial services and help spur innovation, economic growth, and increased access. This partnership will capitalize on the Interswitch Group’s in-depth knowledge of the current needs and direction of financial institutions across the continent, as well as the progress they have made in the banking and financial services space.”

Codebase Technologies' award-winning DigibancTM SaaS platform is the perfect complement to Interswitch's existing payments and digital banking offering, with a shared vision of assisting Africa's financial institutions and customers in making the transition to digital banking. This partnership will broaden access to financial services for Africans, driving greater financial inclusion across the continent.