Latest news with #FinastraEssence
Zawya
21-05-2025
- Business
- Zawya
CARITech and Finastra announce strategic partnership
Cairo, Egypt – CARITech, a leading digital transformation partner specializing in core banking modernization and implementation services, and Finastra, a global provider of financial services software applications, today announced a strategic partnership to strengthen the deployment of Finastra Essence for financial institutions across the Middle East and Africa. This collaboration combines CARITech's implementation expertise with Finastra's advanced technology to deliver streamlined and efficient core banking modernization. Through this partnership, CARITech will leverage its proven implementation methodology, CMMi Level 3-certified standards, and regional expertise to support financial institutions adopting Essence. CARITech's bilingual Arabic-English team will ensure seamless communication and excellent service for banks in the Middle East, enabling smooth transitions to modern core banking platforms. 'Partnering with Finastra represents a significant step forward for CARITech in our mission to deliver best-in-class core banking transformation services,' said Dr. Ismail Ali, CEO of CARITech. 'By combining our expertise with Finastra's innovative Essence solution, we can empower financial institutions to modernize their operations with confidence and efficiency.' Finastra Essence is a core banking solution that combines deep functionality and advanced technology to increase enterprise agility, reduce costs and improve operational efficiency. The partnership aims to deliver this advanced technology to help banks optimize their operations and enhance customer experiences. 'Our collaboration with CARITech reflects Finastra's commitment to ensuring financial institutions receive exceptional service when implementing Finastra Essence,' said Siobhan Byron, EVP Universal Banking at Finastra. 'CARITech's track record in core banking transformations and their deep understanding of regional needs make them an invaluable partner in helping banks achieve their transformation goals.' This partnership underscores both companies' shared commitment to innovation and customer success, enabling financial institutions to transition to modern core banking systems with minimal disruption and maximum benefit. About CARITech CARITech is a global leader in digital transformation for financial institutions, specializing in core banking modernization, system replacement, and seamless integration. With extensive experience across the Americas, Middle East, and Africa, we deliver end-to-end solutions that enhance efficiency and innovation. Our expertise in 24/7 support, advanced data management through our DATUM solution, and strict adherence to global standards ensure operational excellence. Backed by a proven track record and seasoned professionals, CARITech empowers banks to the evolving digital landscape with confidence. About Finastra Finastra is a global provider of financial services software applications across Lending, Payments, Treasury and Capital Markets, and Universal (retail and digital) Banking. Committed to unlocking the potential of people, businesses and communities everywhere, its vision is to accelerate the future of finance through technology and collaboration, and its pioneering approach is why it is trusted by ~8,100 financial institutions, including 45 of the world's top 50 banks. For more information, visit
Fintech News ME
21-05-2025
- 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.'
Zawya
21-05-2025
- 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. (
Daily News Egypt
21-05-2025
- 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.
Zawya
16-04-2025
- Business
- Zawya
Mediterranean Bank selects Finastra's core banking solution to transform customer experiences and drive sustainable growth in Libya
Dubai, United Arab Emirates – Finastra, a global provider of financial software applications, today announced that Mediterranean Bank, a provider of retail and corporate banking services in Libya, has selected its core banking solution, Finastra Essence, to deliver advanced digital banking services to its customers. The next-generation solution, which comprehensively covers conventional and Islamic banking requirements, will enable the bank to streamline core processes while offering personalized services and robust customer support. Once the implementation is complete, Mediterranean Bank will also benefit from increased agility to adapt quickly to new demands, drive ongoing innovation and rapidly bring new products to market. EVO Digital Solutions Co., a local fintech company and partner of Finastra, is supporting the project by providing specialized services to Mediterranean Bank under Finastra's supervision, including hands-on technical and operational support. With Evo's local expertise and Finastra's global delivery framework, the collaboration aims to provide Mediterranean Bank with a smooth transition to Essence. 'We are currently on a digital transformation journey to ensure we continue to deliver the best services to our customers through cutting-edge technology,' said Emad Alaakili, Chairman at Mediterranean Bank. 'By implementing Finastra's core banking solution, we are transforming our operations to drive greater efficiencies and provide our customers with the personalized banking services they expect. By increasing the robustness of our offering, this move also aligns with our goal to drive sustainable growth by balancing both profitability with social responsibility, and economic development with financial stability.' Finastra Essence is a cloud-first, next-generation core banking solution that combines deep functionality and advanced technology to increase enterprise agility, reduce costs and improve operational efficiency. Powered by an open, microservices architecture, Essence's rich, broad and deep banking functionality enables institutions to rapidly deploy market-leading products and services. The solution will provide Mediterranean Bank with a comprehensive suite of services, including core operations, teller, payments and signature verification. 'We are pleased to help Mediterranean Bank achieve its objectives around customer-centricity and increasing its market penetration in Libya,' said Siobhan Byron, EVP, Universal Banking at Finastra. 'Essence's modular architecture and a microservices approach will enable the bank to seamlessly innovate and scale as it grows. Ultimately, we're empowering Mediterranean Bank to reimagine banking and keep pace with change, as it seeks to bring modern, digital financial services to customers.' For further information please contact: Sofia Romano Head of PR, EMEA T: 07552865009 E: About Finastra Finastra is a global provider of financial services software applications across Lending, Payments, Treasury and Capital Markets, and Universal (retail and digital) Banking. Committed to unlocking the potential of people, businesses and communities everywhere, its vision is to accelerate the future of finance through technology and collaboration, and its pioneering approach is why it is trusted by ~8,100 financial institutions, including 45 of the world's top 50 banks. For more information, visit
