Kaspersky and Codebase Technologies are joining forces to address rising cybersecurity risks in digital banking, as financial institutions across the Middle East face increasing exposure to sophisticated cyber threats.
Global cybersecurity firm Kaspersky has signed a memorandum of understanding with Codebase Technologies, a UAE-based provider of digital banking platforms and fintech solutions, to explore collaboration opportunities aimed at strengthening cybersecurity within digital financial services across the Middle East.
The agreement focuses on evaluating how Kaspersky’s cybersecurity capabilities can be integrated with Codebase Technologies’ Digibanc™ digital banking platform and its broader fintech ecosystem. The initiative is intended to support banks, financial institutions, fintech firms, and regulated entities in building more secure and resilient digital banking environments.
Under the proposed collaboration, both companies will assess ways to combine Codebase’s digital banking implementation expertise and regional market presence with Kaspersky’s advanced cybersecurity technologies. The goal is to help financial institutions address growing cyber risks linked to digital banking platforms, protect sensitive customer data, and strengthen operational resilience in an increasingly complex threat landscape.
Digital financial services continue to expand rapidly across the region, bringing increased exposure to cyber threats and fraud risks. By aligning their capabilities, the two organisations aim to help institutions improve protection of critical banking infrastructure, enhance fraud detection capabilities, and support compliance with evolving regulatory requirements.
The partnership framework also allows the companies to explore opportunities for integrating advanced security capabilities directly into digital banking platforms, enabling financial institutions to adopt a more proactive approach to cybersecurity as part of their digital transformation strategies.
Through this collaboration, Kaspersky and Codebase Technologies aim to support financial institutions in developing secure digital banking environments that can better protect both banking operations and customer interactions as digital financial services continue to grow across the region.
Key takeaways
- The partnership focuses on strengthening cybersecurity in digital banking platforms
- Integration with Digibanc™ aims to deliver built-in security capabilities
- Financial institutions will benefit from enhanced fraud detection and data protection
- The collaboration supports regulatory compliance in evolving threat environments
- Proactive cybersecurity is becoming central to digital banking transformation
Photo by Dan Nelson on Unsplash
