Ovanti Limited has partnered with Codebase Technologies to integrate proven open API banking infrastructure into its Super App, accelerating its entry into AI-driven digital asset banking.
- Strategic partnership with Codebase Technologies for banking infrastructure
- Integration of Digibanc™ platform to accelerate Agentic Digital Asset Bank
- Datamorph to layer AI and Web3 capabilities atop traditional banking tech
- Partnership enables access to global payment networks Visa and Mastercard
- First phase of Super App expansion with further fintech integrations planned
Ovanti Taps Institutional-Grade Banking Backbone
Ovanti Limited (ASX:OVT) has taken a significant stride in its fintech evolution by partnering with Codebase Technologies, a global player in open API banking infrastructure. This alliance will see Ovanti integrate Codebase’s Digibanc™ platform into its Super App ecosystem, a move designed to fast-track the rollout of its Agentic Digital Asset Bank. The decision to leverage an established platform rather than build core banking infrastructure from scratch reflects a pragmatic approach to speed and reliability.
Codebase’s Digibanc™ underpins digital banking operations for heavyweight institutions such as Kuwait Finance House, Dubai Islamic Bank, and Capital Bank Jordan. The platform also powers fully digital banks like Blink Bank and neo by Bank Audi, underscoring its credentials across the Middle East, Africa, and Asia. This partnership situates Ovanti within a robust financial ecosystem connected to major payment networks including Visa and Mastercard.
Datamorph to Drive AI and Digital Asset Innovation
Ovanti’s wholly owned subsidiary Datamorph will integrate with Digibanc™, layering advanced AI and Web3 smart contract capabilities atop the traditional banking framework. This positions Datamorph as an innovation engine, focusing on agentic AI financial agents and digital asset orchestration. The cloud-native, API-first architecture of Digibanc™ with over 650 banking-grade APIs offers modular scalability, allowing Ovanti to rapidly deploy sophisticated financial services without the delays of internal infrastructure development.
This technological synergy aligns with Ovanti’s broader ambition to create a financial platform that serves both retail and institutional clients, blending regulated banking infrastructure with emerging AI-driven and digital asset systems. It follows Ovanti’s recent capital raises aimed at fuelling AI-enhanced BNPL and Super App growth, highlighting a consistent strategic push into next-generation fintech solutions.
Super App Expansion and Future Integrations
The partnership marks the first phase of Ovanti’s expanded Super App rollout. The company has flagged further integrations targeting digital asset custody, liquidity providers, and cybersecurity infrastructure. These enhancements suggest a comprehensive approach to building a multi-faceted financial ecosystem that leverages both traditional and decentralized finance elements.
Chairman and CEO Daler Fayziev emphasised the critical importance of execution speed and infrastructure reliability in today’s fintech landscape, noting that Codebase’s proven track record with Tier 1 financial institutions and payment networks will accelerate Ovanti’s Super App strategy. This reflects a clear intent to differentiate through AI-driven finance and digital assets rather than solely competing on traditional banking services.
Ovanti’s recent $5.27 million placement to support AI integration and merchant network expansion ties neatly into this infrastructure partnership, providing the financial fuel necessary to capitalise on the capabilities unlocked by Codebase’s platform.
Bottom Line?
Ovanti’s integration of proven banking infrastructure with AI and digital assets sets a foundation for rapid fintech innovation, but execution timelines and regulatory hurdles remain key uncertainties.
Questions in the middle?
- How quickly will Ovanti translate this infrastructure partnership into live Super App features?
- What regulatory approvals will be required to operate the Agentic Digital Asset Bank across multiple jurisdictions?
- How will Ovanti balance traditional banking compliance with the novel risks of AI-driven and digital asset services?