Karachi, Pakistan (September, 2023) – Dubai Islamic Bank Pakistan, one of the country’s leading financial institutions, revealed its enhanced, cutting-edge digital onboarding services for resident and non-resident Pakistanis. Codebase Technologies, Dubai Islamic Bank Pakistan’s longstanding technology partner, accelerated the proposition’s time to market by leveraging the flexibility of the Digibanc platform. This platform was used by both teams in 2021 to launch the country’s first digital onboarding service for Roshan Digital Accounts.
Junaid Ahmed, CEO at Dubai Islamic Bank Pakistan, commented on the partnership, “Dubai Islamic Bank Pakistan is moving to the forefront of digital banking, and Codebase Technologies has been a trusted technology partner on our journey. With this new stage of our transformation complete, DIB Digital addresses the needs of both domestic and overseas Pakistanis, giving them an easy way to open new accounts.”
The upgraded solution enhances Dubai Islamic Bank Pakistan’s customer acquisition and operational efficiency by digitizing the account opening process. It provides hyper-personalized digital onboarding journeys for new Domestic and Roshan Digital customers through the DIB Digital mobile app. The newly launched solution addresses customers’ evolving needs for digital services built around their lifestyles, strengthening Dubai Islamic Bank Pakistan’s position as a leader in the industry.
Dubai Islamic Bank Pakistan’s digital banking services are designed to provide customers with a seamless and secure banking experience while adhering to the principles of Islamic finance.
Raheel Iqbal, Managing Partner at Codebase Technologies, stated, “This is our second project with the team at Dubai Islamic Bank Pakistan, and we’re pleased that the team has once again placed their trust in us. The evolution of Dubai Islamic Bank Pakistan’s digital onboarding solution demonstrates the extensive flexibility of our Digibanc platform and the significant impact it can have on the innovating power of any financial institution. This project presents a great opportunity for us to disrupt Pakistan’s financial industry, support the government’s digitization agenda, and contribute to driving financial inclusion and access.”
About Dubai Islamic Bank Pakistan
Dubai Islamic Bank Pakistan Limited (DIBPL) is a wholly-owned subsidiary of Dubai Islamic Bank UAE (DIB). DIBPL aspires to be the leading Islamic Bank in the industry through branch expansion, introduction of innovative & comprehensive products, effective compliance and cost control measures, induction of qualified Islamic banking professionals, implementation of state-of-the-art banking system, maintaining complete transparency and high ethical standards in its dealings with customers.
In today’s fast-paced world, Dubai Islamic Bank Pakistan Limited (DIBPL) recognizes the importance of offering banking solutions that match the speed and convenience of modern life. Leveraging cutting-edge technology, DIBPL’s digital banking services are designed to provide customers with a seamless and secure banking experience while adhering to the principles of Islamic finance.
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About Codebase Technologies
Codebase Technologies is one of the world’s fastest-growing open API banking solution fintechs. With a vision to “disrupt the way technology is utilized for a greater purpose,” the company engineers impactful digital financial experiences for conventional and Islamic banks, fintechs, neobanks, lenders, and startups.
Codebase Technologies has launched several digital, challenger, and neobank financial propositions worldwide with a proven success rate and unparalleled speed to market, exponentially growing as a digital banking technology pioneer in the global banking industry.
The company’s award-winning DigibancTM fintech platform is a cloud-enabled, API-driven, and highly adaptable digital banking platform allowing institutions to deliver inclusive digital financial experiences. The platform’s open architecture embraces a diverse ecosystem of partners and vendors, driving collaborative experiences across the financial services landscape. Built on a component-based, micro-services architecture, DigibancTM provides a robust and agile environment to launch new financial products and services at speed and scale.
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For Codebase Technologies
Branding and Communications Lead
Tel: +973 33 555 911