Fortek, a burgeoning Ghanaian financial platform services provider, announced a strategic partnership with Codebase Technologies, one of the fastest-growing open API banking solutions providers in the world. The two companies share a vision of accelerating digitization to stimulate entrepreneurship in Africa and grow the economy by addressing the increasing demand for affordable, accessible, and transparent digital financial services in the region.
Fortek was born out of the desire to inspire development and financial inclusion by enabling incumbent financial institutions, fintechs and other corporations to bring new financial solutions to the market. Through this partnership, Fortek will leverage Codebase Technologies’ Digibanc SaaS platform to augment its existing services and empower new fintechs, banks, and start-ups with faster and more cost-effective speed to market for launching digital products and services. Digibanc SaaS, hosted by Fortek will allow new financial services brands to launch innovative services and enter the African market quicker as well as compete with more affordable state-of-the-art technology, helping to drive innovation across Ghana and the Continent, thereby fostering greater financial inclusion for over 1.4 billion Africans.
Felix Quarcoe, Managing Director – Fortek, commented on the partnership, “Our goal since day one has been to drive financial inclusion and development to cater for Africa’s growing economy and fill in the gaps that traditional institutions have ignored for so long. We are creating a solution that will help anyone, anywhere, anytime, and partnering with a like-minded technology partner like Codebase Technologies confirms that we’re heading in the right direction. This Partnership will allow us to push the digital banking landscape further, meeting the current and future needs of our customers. We are confident the team will help us address the very real and relevant concerns of Ghanaian customers.”
Codebase Technologies’ Digibanc SaaS platform offers a full range of digital banking and fintech components in a legacy and core-agnostic, cloud-native deployment model. The platform includes ready-made components that can be highly customized to launch any fintech proposition ranging from digital onboarding, omnichannel, and instant lending to regulatory reporting, payments, BNPL and more. Built using APIs and ready-to-market fintech components, the new platform, hosted by Fortek will allow subscribers the flexibility to scale and adapt as customer’s expectations change, adding, removing and customizing all aspects of an offering or service, on the fly. Working with Codebase will ultimately enable Fortek to offer an extensive range of innovative banking, financial and payment products that meet the existing and future needs of its customers.
Codebase Technologies’ Commercial Director and Africa MD, Paul Nilsen, added: “If today’s fintechs, neobanks, challengers, and corporates want to address customer pain points effectively, they must conform to their demands, not the other way round. Modernizing their offerings and harnessing the power of today’s technologies like the cloud and APIs to improve customer experience and innovate will be the backbone of success. Seeing Fortek couple their already strong offering with our Digibanc SaaS platform is really encouraging, and together we see a phenomenal transformation coming and a great future of economic growth and financial inclusion in Ghana, and Africa.”
About Codebase Technologies
Codebase Technologies is one of the world’s fastest-growing open API banking solutions 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 start-ups.
Codebase Technologies has launched several digital, challenger, and neobanks and financial propositions worldwide with a proven success rate and unparalleled speed to market, growing exponentially 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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About Fortek Financial Hub Limited
Fortek Financial Hub Limited is Financial Platform Services Provider focused on enabling incumbent financial institutions, fintechs and other corporations to bring new financial solutions to market.
Fortek is subsidiary of Arch Holdings Company Limited, a wholly owned Ghanaian company headquartered in Ghana and operating in the petroleum, energy, telecommunications and food processing industries.
Fortek’s overarching drive is to evolve the digital banking landscape by enabling financial institutions and fintechs to bring new payment solutions to the market. We are therefore open to either develop tailor made solutions or integrate any of our Banking-as-a-Service solutions with the existing apps of financial institutions, fintechs and other corporations.
Our approach is to put the customer first in all we do. This means providing cost effective but key and relevant solutions that are flexible and simple for our customers to use. To do this we connect our customers to an ecosystem of key integrations with other key stakeholders within the financial services and allied services sector to make the overall experience of our customers simpler, quicker and easier.