The Banque de Tunisie et des Emirates (BTE) and the Tunisian startup Kaoun have just announced the signing of a historic partnership, dated August 15, 2023, which marks the beginning of a new banking era for Tunisia.
With the approval of the Central Bank of Tunisia (BCT), this revolutionary alliance will ensure the deployment of the first Banking as a Service (BaaS) model within the Tunisian financial and banking system.
Thanks to this collaboration, BTE will implement its banking services via third-party distributors, specifically through Kaoun’s “Flouci” web and mobile application, as well as its own digital experiences that will take advantage of this new infrastructure. This innovative initiative is the result of Kaoun’s success in the regulatory sandbox of the Central Bank of Tunisia, following a joint experimentation phase with BTE.
In response to this digital evolution, BTE is proud to present its new branch, NEOBTE. Entirely virtual, NEOBTE will serve as an integral back office for these new digital banking experiences designed jointly by BTE and Kaoun. Thanks to this breakthrough, Tunisians, whether in Tunisia or abroad, will benefit from a 100% digital banking experience.
“We are at the dawn of a redefined banking future,” said Ms. Feriel Chabrak, Managing Director of BTE. With a year at the helm of BTE, Ms. Chabrak spearheaded this deal. “Our ambition is clear. We aspire to be the locomotive of Tunisia’s future, deeply digital economy. While ensuring an exceptional quality of service, we also want to be at the forefront of innovation and embrace a green future. “
Mr. Nebras Jemel, Manager of the startup Kaoun, added: “This partnership perfectly illustrates the potential of the Tunisian banking sector to not only catch up, but also surpass global standards. It is a bold step towards better financial inclusion for our country. country, demonstrating that Tunisia is ready to adopt innovative models to meet the needs of all its citizens.”
BTE and Kaoun have also agreed to exclusivity clauses concerning several services as part of their deployment on the Tunisian market.
With this agreement, BTE clearly signals its intention to be recognized among the country’s innovative banks. It thus confirms its commitment to best serve the aspirations and needs of its customers in the digital age.
