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Dubai-based global open API banking solution provider Codebase Technologies (CBT) has partnered with BankBI to help banks leverage real-time financial performance data.

BankBI focusses on automated financial, product, and customer-related performance management, data-driven insights, and benchmarking for conventional and Islamic banks, credit unions, and microfinance institutions.

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BankBI CEO Graham Goble said: “We are excited to partner with Codebase and their suite of digital banking solutions.

“With this integration, we can help Banks achieve results in days, not years, and enable the senior management in the Banks to make informed, daily, data-driven decisions to manage their financial performance and effectively unlock the power of their banking data.”

Codebase will augment its digital banking suite with improved performance management and data-driven insights, by integrating with BankBI.

The partnership will utilise BankBI’s business intelligence (BI) application for the augmentation.

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This will help banks transform how they use data to make strategic business decisions.

Codebase Technologies managing partner Raheel Iqbal said: “With this partnership, we are delivering on our mission to further demystify digital financial services.

“BankBI’s cloud-enabled solution will now be available pre-integrated with our award-winning Digibanc digital banking platform, for our existing and future customers.”

Recently, Backbase, an omnichannel banking solution provider in the Netherlands, decided to open its Global Development Centre (BDC) in India.

US-based enterprise risk and compliance solutions provider Behavox partnered with Red Box to enhance voice data analytics for financial institutions.

German banking group Commerzbank extended its partnership with Microsoft to migrate a major chunk of its applications in the cloud.