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.”

Featured image credit: Edited by Fintech News Middle East, based on image by iuriimotov via Freepik