← State of Embedded Finance 2026

Bahwan Cybertek Partner

Can a mid-market IT services integrator become the dominant delivery partner for Temenos core banking across South Asia while expanding its digital transformation footprint in the Gulf?

Founded1999
HQMuscat, Oman (with key offices in Dubai, Abu Dhabi, Riyadh, Doha)
IndustryVertical SaaS / Banking & Financial Services
The story

Founded in 1999 as an IT services and systems integrator focused on oil & gas, telecom, and government sectors across the Gulf and Asia. Over time, BCT deepened its banking and financial services vertical, culminating in a 2022 exclusive partnership with Temenos to become the sole sales and delivery partner for the Temenos core banking platform across India, Sri Lanka, Nepal, and Bhutan. The company now positions itself as a digital transformation enabler for banks and financial institutions rather than a direct financial services provider, operating as a channel partner and system integrator rather than building its own embedded finance stack.

Last 12 months
2022-09
Product timeline
1999
Bahwan CyberTek founded as a digital transformation and IT services company based in Oman.· pivot
2022
Signed exclusive 7-year strategic partnership with Temenos to market, implement, and support all Temenos banking platform products in India, Sri Lanka, Nepal, and Bhutan.· banking
2022
Became an OutSystems partner, expanding low-code digital transformation capabilities.· pivot
2024
Partnership with Allsec Technologies announced to offer HRMS, Business Expenses Management, and HR Compliance services in the Middle East and Africa.· pivot
The stack
Payroll
Allsec Technologies
Accounting gap: none