CARITech and Finastra Announce Strategic Partnership to Accelerate Core Banking Transformations in MENA

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.