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Egypt's CARITech Partners with Finastra to Support Core Banking Modernisation in MENA
Egypt's CARITech Partners with Finastra to Support Core Banking Modernisation in MENA

Fintech News ME

time21-05-2025

  • Business
  • Fintech News ME

Egypt's CARITech Partners with Finastra to Support Core Banking Modernisation in MENA

CARITech, a digital transformation consultancy based in Egypt, has formed a strategic partnership with global financial software provider Finastra to support the adoption of the Finastra Essence core banking platform across the Middle East and Africa. The partnership combines CARITech's regional experience and implementation capabilities with Finastra's technology to facilitate core banking transformation for financial institutions. As part of the agreement, CARITech will use its Capability Maturity Model Integration (CMMI) Level 3-certified methodology to deliver structured and efficient deployments of Finastra Essence. With a bilingual Arabic and English team and a strong understanding of local banking environments, CARITech is positioned to offer tailored support to institutions transitioning to updated core banking systems. 'Partnering with Finastra represents a significant step forward in our mission to deliver best-in-class core banking transformation services,' said Ismail Ali, Chief Executive Officer of CARITech. 'Our regional insights and technical capabilities make us uniquely equipped to support financial institutions on their digital journeys.' Finastra Essence is a core banking platform that aims to enhance operational efficiency, reduce costs and improve customer service through its modular functionality and open technology. 'Our collaboration with CARITech reflects Finastra's commitment to ensuring financial institutions receive exceptional service when implementing Finastra Essence,' said Siobhan Byron, Executive Vice President of Universal Banking at Finastra. 'CARITech's strong track record and understanding of regional banking needs make them a valuable partner in enabling transformation at scale.'

CARITech, Finastra partner to drive core banking transformation in MENA
CARITech, Finastra partner to drive core banking transformation in MENA

Zawya

time21-05-2025

  • Business
  • Zawya

CARITech, Finastra partner to drive core banking transformation in MENA

Egypt - CARITech, a leading digital transformation consultancy specializing in core banking modernization, has announced a strategic partnership with Finastra, a global financial software provider, to accelerate the adoption of the Finastra Essence core banking platform across the Middle East and Africa. The collaboration leverages CARITech's regional expertise and implementation capabilities alongside Finastra's advanced technology to streamline digital transformation for financial institutions. Under the agreement, CARITech will apply its CMMI Level 3-certified methodology to support efficient, low-risk deployments of Finastra Essence. With a bilingual Arabic-English team and in-depth knowledge of local banking environments, CARITech is well-positioned to deliver tailored support, ensuring smooth transitions to modern core banking systems throughout the region. 'Partnering with Finastra represents a significant step forward in our mission to deliver best-in-class core banking transformation services,' said Ismail Ali, CEO of CARITech. 'Our regional insights and technical capabilities make us uniquely equipped to support financial institutions on their digital journeys.' Finastra Essence is a next-generation core banking solution designed to boost agility, reduce operational costs, and improve customer experience through deep functionality and open technology. 'Our collaboration with CARITech reflects Finastra's commitment to ensuring financial institutions receive exceptional service when implementing Finastra Essence,' said Siobhan Byron, EVP of Universal Banking at Finastra. 'CARITech's strong track record and understanding of regional banking needs make them a valuable partner in enabling transformation at scale.' This partnership underscores both companies' shared dedication to innovation, regional growth, and customer success, enabling banks in the Middle East and Africa to modernize their operations with minimal disruption and maximum value. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (

CARITech, Finastra partner to drive core banking transformation in MENA
CARITech, Finastra partner to drive core banking transformation in MENA

Daily News Egypt

time21-05-2025

  • Business
  • Daily News Egypt

CARITech, Finastra partner to drive core banking transformation in MENA

CARITech, a leading digital transformation consultancy specializing in core banking modernization, has announced a strategic partnership with Finastra, a global financial software provider, to accelerate the adoption of the Finastra Essence core banking platform across the Middle East and Africa. The collaboration leverages CARITech's regional expertise and implementation capabilities alongside Finastra's advanced technology to streamline digital transformation for financial institutions. Under the agreement, CARITech will apply its CMMI Level 3-certified methodology to support efficient, low-risk deployments of Finastra Essence. With a bilingual Arabic-English team and in-depth knowledge of local banking environments, CARITech is well-positioned to deliver tailored support, ensuring smooth transitions to modern core banking systems throughout the region. 'Partnering with Finastra represents a significant step forward in our mission to deliver best-in-class core banking transformation services,' said Ismail Ali, CEO of CARITech. 'Our regional insights and technical capabilities make us uniquely equipped to support financial institutions on their digital journeys.' Finastra Essence is a next-generation core banking solution designed to boost agility, reduce operational costs, and improve customer experience through deep functionality and open technology. 'Our collaboration with CARITech reflects Finastra's commitment to ensuring financial institutions receive exceptional service when implementing Finastra Essence,' said Siobhan Byron, EVP of Universal Banking at Finastra. 'CARITech's strong track record and understanding of regional banking needs make them a valuable partner in enabling transformation at scale.' This partnership underscores both companies' shared dedication to innovation, regional growth, and customer success, enabling banks in the Middle East and Africa to modernize their operations with minimal disruption and maximum value.

Five migrant workers held for theft of copper cables from KSEB
Five migrant workers held for theft of copper cables from KSEB

New Indian Express

time29-04-2025

  • New Indian Express

Five migrant workers held for theft of copper cables from KSEB

KOCHI: Five migrant workers were arrested in connection with the theft of copper cables from the KSEB substation at Pezakkappilly, on Monday. Samidul Haque, 31, Ismail Ali, 40, Abdul Kasim, 45, Ikramul Haque, 26, Iman Ali, 30, all natives of Assam, were apprehended by Muvattupuzha Police. The accused had been burning the plastic insulation off the stolen cables, melting the copper, and selling it in small quantities. Cables worth around Rs 10 lakh, including copper wiring from the solar panels and other installations, were stolen from the sub-station, said an officer with the Muvattupuzha Police. Following the directive of Ernakulam rural district police chief M Hemalatha, an investigation team was formed and the accused were apprehended, and the stolen materials were recovered from various scrap shops.

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