Dubai, UAE – Codebase and Capital Investments have been honored as Segment Winners for Wealth Management at the IBS Intelligence Digital Banking Awards 2024. This prestigious award follows their successful collaboration on the launch and ongoing development of Capital Investments, the first fully-digital onboarding platform for investment and brokerage customers in Jordan. This innovative solution is powered by Codebase's award-winning Digibanc platform, setting a new standard for digital financial services in the region.

While receiving the accolade, Bashar Amad, Chief Executive Officer for Capital Investments, stated, “We are incredibly proud to be recognized by the IBS Intelligence for our efforts in transforming the wealth management industry in the region. Together, we have been able to create a digital wealth management experience that delivers convenience and a delightful experience with tons of intuitive functionalities that have been lacking in the Jordanian banking space for a long time. This award speaks to the strength of our partnership with Codebase and the commitment of our teams to customer centricity, innovation, and excellence.”

The IBS Intelligence Digital Banking Awards, now in the fourth edition, celebrate the most groundbreaking and impactful technology projects implemented by traditional banks, neobanks, and challenger banks globally. This year, IBS Intelligence evaluated over 60 implementations from various regions, customer segments, and the projects that have significantly impacted the banking sector. Capital Investments emerged as the winner in the wealth management segment, highlighting their leadership and innovation in this field.

“Capital Investments has, for the longest time, demonstrated a strong commitment to customer experience, and supporting them in building a digital onboarding solution was indeed a natural progression of our shared vision,” said Tamer Al Mauge, Managing Director for Codebase in the MENA region. “The partnership was successful thanks to Capital Investments’ deep market knowledge of the wealth management sector in Jordan, complemented by our team’s extensive experience in designing and implementing similar propositions supported by our proprietary fintech and banking platform, Digibanc,” added Tamer.

Building the solution involved a series of developments built in different milestones following a modular approach, leveraging the Digibanc platform. Their collaboration started with building a fully digital onboarding solution and subsequently, a series of integrations such as integration with the Central Financial Risks (CRIF) credit scoring system, International Bank Account Number (IBAN) Validation, Apple Pay, Virtual Prepaid Cards, credit cards, Custom UI for Private Banking Customers, ability to scan and pay bills, and sub-accounts, just to mention a few. Their ongoing collaboration is focused on continually improving and expanding the solution to meet the evolving needs of customers in the wealth management sector, ensuring a competitive edge in the digital banking landscape.

“Congratulations to Codebase and Capital Investments for this accolade from IBS Intelligence. This project stood out to our judges for its innovative approach in digitizing Capital Investments’ onboarding process, providing customers with seamless access to wealth management solutions. This accolade reflects both companies dedication to innovation and customer-centricity, setting a new standard for excellence in the industry,” remarked Nikhil Gokhale, Director – Research & Digital Properties at IBS Intelligence.