- Raqami Islamic Digital Bank in Pakistan has selected Codebase Technologies to power the launch of its Shariah-compliant digital banking services.
- The bank will utilize Codebase’s Digibanc platform as its new technology stack, including core banking, to overcome challenges posed by legacy technology solutions.
- Raqami received in-principle approval from the State Bank of Pakistan (SBP) to operate retail financial services, along with four other digital banks.
- The partnership aims to deliver efficient, tailored, and seamless Shariah-compliant digital finance solutions to a broader audience in Pakistan.
- The move comes as the SBP reports a significant increase in the number of Internet and mobile banking users in Pakistan, highlighting the growing demand for digital financial services.
- Codebase Technologies continues to expand its presence across the Middle East and Asia, with Raqami Islamic Digital Bank joining other institutions using its Digibanc platform.
Raqami Islamic Digital Bank in Pakistan partners Codebase Technologies for Digibanc platform
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