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Investment Banking & Fund Management

Path Solutions is a leader provider of Portfolio and Fund Management proven software solutions to the global investment banking industry covering Islamic Investment Banks, Investment Managers, Mutual Funds, Pension Funds and Brokers.

Our solutions are able to meet most of the requirements for the following departments:
· Asset Management
· Investment & Treasury
· Brokerage
· Operations
· Financial Controls
· Custodian
· Internal Audit Department.

The system allows complete order, request management and investment transactions processing for financial institutions, clients and managed funds portfolios in a highly parameterized and user-friendly mode. For fund management operations, the system operates in a central mode whereby the fund books and the managing company’s books are automatically affected by any approved transaction.

The system also enables Real Estate and Private Equity placements processing and allows setting and managing Special Purpose Vehicle (SPV). It fully handles the related workflow including investment management and automatic investment and divestment transactions processing. Through a single data entry process, the system allows the user to maintain at a MACRO level the structure and thereon the system automatically processes all subsequent transactions and reporting.

The investment banking operations are supported with:
• Assets and Trade management including margin trading, collateral management and custodian management
• Sukuk operations
• Fund management including certificates management, back office settlement, NAV calculation, cash and share dividends processing, in addition to various other investments related transactions
• Corporate actions management
• Initial Public Offering Management
• Private Equity placements processing
• Reuters and Bloomberg connection and on-line update of securities pricing.

> Trade Finance Operations

With the changing market dynamics that are unfolding in the Trade Finance area, financial institutions are increasingly recognizing the need to better understand and gain visibility on how companies can take advantage of new tools and technology to manage risk, streamline business processes and reduce the costs associated with trade. Considering the new demand in the Trade Finance space, they look to IT solution vendors to provide a suitable solution enabling them to evaluate and assume risk besides intermediating pre and post-shipment financing products.

While Trade Finance constitutes a major part of retail and corporate banking operations, Islamic Trade Finance requires implementing the Sharia rules and regulations in the financing of trading activities in an Islamic financial institution.

The Trade Finance coverage is one of the building blocks for banking operations and our offering caters for:
• Inward & Outward Letters of Credit
• Letters of Guarantee Inward
• Outward Bills for Collection
The system caters for processing Islamic Trade Finance operations covering:
• Murabaha L/C
• Musharaka L/C
• Wakala
• Kafala (L/Gs).

Path Solutions’ Value Proposition:
Trade Finance is one of the focused micro-vertical practices within Path Solutions. We have a dedicated Trade Finance team which consists of SMEs from the financial services industry.

Our value proposition to clients includes:
· One stop solution for innovative and better integrated Trade Finance solutions
· Years of experience in providing Trade Finance solutions to leading banks
· Continuous investment in R&D as part of the Trade Finance product development
· Continuous training and knowledge transfer among employees in Trade Finance.

> Core Banking & General Ledger Management

The financial services industry is undergoing significant changes with mergers and acquisitions, consolidation, expansion, shifting customer preferences, emerging non-traditional competition and a continuously evolving complex regulatory environment.

With change coming this rapidly, financial institutions looking to gear themselves for tomorrow must quickly embrace the new world order and accelerate growth to stay one step ahead of the competition. Technology becomes a key differentiating factor for simplifying banking to create sustainable business growth, hence the need to modernize banking operations.

Path Solutions’ iMAL Islamic Core banking system is a comprehensive Sharia-compliant, agile, scalable, modular yet integrated business solution, addressing all the core needs of Islamic financial institutions, in easy-to configure modules. Our solution provides all the building blocks of business functionality enabling users to configure products and processes flexibly in order to adapt to a dynamic environment with growing regulations. With a 360 degree single source view into customer accounts, Islamic financial institutions can empower customers with relevant business information presented at the right time through the right channel.

The iMAL Core banking coverage includes:
· General ledger and budgets management ; Accounting & Nostro Vostro Accounts Management
· Periodic financial accounting closures
· Financial statements reporting
· Transfer pricing functionality
· Islamic Profit calculation.
The solution also enables multi-company, multi-currency, and multi-time zone operations.

> Risk Management & Compliance Solutions

Risk Management and compliance are increasingly becoming critical areas in banking operations. Due diligence, regulatory compliance, and AML are proven to be important to the success and longetivity of any business and particularly for financial institutions’ sustainability and safeguarding of their assets.

Top management and regulators are in strong demand for quality and speed of risk reporting which could provide insight and supports decision making. Financial institutions’ objective is to reduce risk exposure and losses and to comply fully with industry regulations, as well as anticipate and identify emerging threats and opportunities.
Path Solutions offers a comprehensive range of AML, risk and compliance management solutions with effective risk processes, control, reporting and analysis tools to achieve exceptional performance and long term value.

iMAL
*RiskManagement offering empowers financial institutions to provide the right information, in consistent manner, at the right time to the right decision makers. This information is presented in different ways including a range of dashboards enabling viewing and comparing data with full traceability of data sources via drill-downs available at multiple levels.

Covering the three categories of risk: Credit, market, and operational risks, and Basel compliance allowing the computation of the capital adequacy ratio and the measurement of credit, market, and operational risks according to the various approaches including the Standardized approach.

The solution provides a rapid return on investment through ready-to-use model parameterization with pre-configured risk management approaches, business templates, standard risk management dashboards/reports and views aligned to the iMAL Core banking ledger structures and parameters.

The iMAL
*RiskManagement offering consists of different analysis dashboards that facilitate the identification of risks and challenges faced by financial institutions. Multiple dashboards are included representing qualitative and quantitative data that help financial institutions assess multiple risks pertaining to customers, employees, and branches. In addition, it calculates meaningful ratios related to every financial institution reflecting different business areas and types of risks. The risk analysis provides a holistic, structured view of threats and risks, making it easier for financial institutions to take action against these risks, therefore minimizing or completely eliminating them.

The solution is scalable and highly parameterized providing maximum transparency, effectiveness in operations, security of data and dashboards. It also caters for operational risk including incident management and data collection.

Extended coverage includes: Enabled set up of parameters for the system to combine information and produce Central Banks and Risk Management department reports; Reports presented in tabular forms, graphical presentations and heat maps.

> Business Intelligence & Executive Dashboards

Data is one of the most important assets of financial institutions; It provides the basis for exposures, positions and decision making. Core banking systems hold a wealth of business information and data very critical for decision making, identifying - then extracting - this information from the systems is a challenge.

Path Solutions’ iMAL
*BusinessIntelligence offering is intuitive, easy to use and provides data in complete and smart dashboards. This highly parameterized and flexible solution enables financial institutions to combine information and build up dashboards that are necessary for collecting and analyzing data.

The solution helps financial institutions to create the intelligence required to reduce costs, manage risks and proactively respond to the changes and needs of the market by taking informed decisions with timely, data-driven answers to all their business queries.

The application stores data in warehouses, operational databases, and ERP systems which are then transformed, after analysis, to comprehensive dashboards and reports. iMAL*BusinessIntelligence delivers the insight needed to make strategic planning, improves operational efficiencies and optimizes business processes.

iMAL
*XDashboards, a new addition to our reporting solutions, targets specifically the executives of financial institutions. The solution gives executives full control over managing operations and exposures at every level of the organization in an easy and efficient way. The module provides intuitive tools to enhance user experience with beautiful, effective, rich data visualizations and graphical dashboard and reporting tools.

Using iMAL
*XDashboards, executives can oversee total aggregated and enterprise wide information across the different divisions, and can drill down from the high level aggregated data into deal level analysis. Future functionalities will make dashboards available on smart phones and tablets.

> Corporate & Regulatory Reporting

Many organizations are resource-strained by the need to prove ongoing compliance to critical government regulations. Aligning internal security processes with regulations and providing reports to management and auditors are known to be time-consuming and costly exercises.

Path Solutions provides financial institutions with a tool to address the increasingly complex regulatory landscape. The solution automates compliance management for corporate policies, government regulations, and industry standards, and offers a full list of reports that map vulnerability and configuration audits to specific mandates.

The financial accounting reporting tool of Path Solutions allows accountants and financial controllers to design financial reports based on pre-defined templates and empowers users to design new reports and modify existing ones.

The system features include among others scheduling of reports, archiving of reports, automatic emailing and faxing of reports to both users and customers.

In short, our reporting tool allows the following:
· Creating reports based on templates covering all financial and regulatory reports including ALM reports, balance sheets, profit and loss, and budget related reports and regulatory reports
· MIS.

> System Interfaces & Integration Solutions

Interface and integration are central to most organizations. But doing this can be time-consuming and challenging. A well designed and fully integrated system should be seamless and transparent to users. Data must be cleansed prior to entering another system. Multiple data manipulation, transformation and load techniques are typically employed. Timing issues are addressed as either integrated systems (systems that interact dynamically) or interfaced systems (systems that pass data on a periodic basis).

Path Solutions brings a brand new way to do interoperability and integration. The iMAL suite includes a full range of system interfaces and integration solutions that enable easy and seamless openness and integration with third party systems for banking operations (such as SWIFT Alliance, Reuters, Bloomberg, centralized regulatory credit bureaus and settlement agencies) and for banking services (such as alerts and ATM, exchange rates board), and any other third party system using the Integration Manager tool. The results are competently conceived and designed interfaces, properly developed to be both effective and efficient.

> Branch Automation

As financial institutions increasingly focus on customer satisfaction and loyalty, they are once again investing in their branches. Leading ones are transitioning from a product-centric business model to a customer-centric business model. As a result, they seek branch technology to optimize customer interactions. By deploying rich applications on a unified platform, branch personnel can leverage information from all channels to build lifetime customer relationships, provide consistent personalized service, and ultimately increase sales to drive revenue.

Path Solutions’ iMAL empowers the front office operations of financial institutions by providing front office delivery channel and branch automation for all the institution’s products and services, empowering them to offer all services and products on the counter.

The system covers the following main areas:
• Standard Retail operations, such as deposits, withdrawals, checkbook requests and others in a client-centric way
• Complete requests’ management, offering Retail and Private banking customers all products on the counter such as:
- Restricted Investments
- Letters of Credit
- Letters of Guarantee
- Bills for Collection
- Financial Facilities
- Funds & Securities, Investment & Divestment Orders.
• Anti-Money Laundering control at the reporting and transaction levels
• Cross-selling engine and automatic real time triggering of alerts
• Multilingual interface
• Automatic cheque clearing
• Signature verification
• Imaging & archiving
• Automatic alerts triggering and sent to target the customer directly or to assist and empower the teller, CSR and private banker to cross-sell with other customers.

> Islamic Retail & Corporate Financing

In a global economy marked by continuous change, managing emerging challenges becomes crucial. To be in a position to meet the challenges ahead, an integrated Islamic banking software package based on established industry standards as promoted by independent Sharia bodies and which automates all banking work is needed to support Islamic financial institutions’ continuing success.

The system’s capability should cover all operational requirements of the institution with regard to Islamic Retail, Wholesale, Treasury and Corporate Banking for front, middle and back offices.

Path Solutions’ iMAL is the only award-winning Islamic banking solution which incorporates a set of modularized applications enabling Islamic financial institutions to deploy and control a flexible range of multi-channel, ground-breaking Islamic banking services for their customers, while bringing the advantages of SOA based, J2EE enterprise architecture to the Islamic financial services industry.

iMAL Islamic Banking & Investment System enables Islamic financial institutions to offer a competitive range of Islamic financing products with total ethical confidence, with full operations’ automation starting from the facility request up to the end of the process, with powerful collection tracking and follow up. Modules within the Islamic system allow the efficient recording, tracking and managing of financing transactions funded by the clients’ restricted investment accounts and/or directly by the financial institution and for both Retail and Corporate financing operations:
• Facility and limits management including full automation of the pre-approval process , credit scoring, credit lines’ full management and collateral management
• Processing of multiple Islamic financing products (Murabaha, Ijara {operating & financing}, Mudaraba, Reverse Murabaha, Musharaka, Istisnaa, Salam, Project Financing ); Murabaha LC Financing and other products
• Processing including all Sharia-related rules and regulations and different steps in a transaction processing and issuance of standard contracts
• Full Collection management from the first late payment and default up to legal cases.

Integrating seamlessly with any existing Core banking system, the solution delivers real-time Islamic banking services across the Islamic financial institution’s deposits financing, treasury and investment operations, with built-in Sharia-compliant workflows.

With iMAL, Islamic financial institutions are empowered to achieve:
• Faster time to market
• Exact fit to business requirements
• Operational cost efficiencies
• Phased migration and implementation
• Employment of various delivery channels.



In a global economy marked by continuous change, managing emerging challenges becomes crucial. To be in a position to meet the challenges ahead, an integrated Islamic banking software package based on established industry standards as promoted by independent Sharia bodies and which automates all banking work is needed to support Islamic financial institutions’ continuing success.

The system’s capability should cover all operational requirements of the institution with regard to Islamic Retail, Wholesale, Treasury and Corporate Banking for front, middle and back offices.

Path Solutions’ iMAL is the only award-winning Islamic banking solution which incorporates a set of modularized applications enabling Islamic financial institutions to deploy and control a flexible range of multi-channel, ground-breaking Islamic banking services for their customers, while bringing the advantages of SOA based, J2EE enterprise architecture to the Islamic financial services industry.

iMAL Islamic Banking & Investment System enables Islamic financial institutions to offer a competitive range of Islamic financing products with total ethical confidence, with full operations’ automation starting from the facility request up to the end of the process, with powerful collection tracking and follow up. Modules within the Islamic system allow the efficient recording, tracking and managing of financing transactions funded by the clients’ restricted investment accounts and/or directly by the financial institution and for both Retail and Corporate financing operations:
• Facility and limits management including full automation of the pre-approval process , credit scoring, credit lines’ full management and collateral management
• Processing of multiple Islamic financing products (Murabaha, Ijara {operating & financing}, Mudaraba, Reverse Murabaha, Musharaka, Istisnaa, Salam, Project Financing ); Murabaha LC Financing and other products
• Processing including all Sharia-related rules and regulations and different steps in a transaction processing and issuance of standard contracts
• Full Collection management from the first late payment and default up to legal cases.

Integrating seamlessly with any existing Core banking system, the solution delivers real-time Islamic banking services across the Islamic financial institution’s deposits financing, treasury and investment operations, with built-in Sharia-compliant workflows.

With iMAL, Islamic financial institutions are empowered to achieve:
• Faster time to market
• Exact fit to business requirements
• Operational cost efficiencies
• Phased migration and implementation
• Employment of various delivery channels.

 







 

         
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