Several honors and awards were recently bestowed on Path Solutions including the latest Best Islamic Technology Provider 2021 award from Islamic Finance news (IFN). For the first time in history, an Islamic banking software provider receives the most awards ever for its contribution to the growth of the Islamic financial services industry.
The banking and financial landscape has been inundated with technology over the last decade, with Fintech, Insurtech and Regtech being just some of the new applications within finance. In Oman, Fintech is yet to ¬find its feet despite several digital transformation drives initiated by the government.
Abdo Chalhoub, EVP EPMO and ICT Professional Services at Path Solutions, delivered the official COBIT 2019 Foundation course under the ESA Executive Education Program
Qatar-based Bait Al-Mashura announced the launch of its first webinar, which is part of a series of professional webinars scheduled between September & November 2021 in cooperation with Path Solutions, the leader in Islamic financial technology.
Path Solutions’ EVP EPMO & ICT PS, Abdo Chalhoub conducted a webinar on 6-8 September on ‘IT Governance in the Age of COVID-19 & Beyond’ that discussed the issues related to maintaining business continuity and best practices during and post COVID-19
The newly established financing company in Saudi Arabia, Positive Facilities Co. Ltd. (“Ejabiah”), has signed an agreement on the 26th of August with Path Solutions for the implementation of its interest-free core banking platform.
Practically, Islamic fintech has become the fastest growing segment of financial technology. But when we consider how this compares to global fintech, Islamic fintech only accounted for 0.7% of global fintech transactions last year.
The newly formed interest-free Hijra Bank S.C. in Ethiopia has gone live successfully on iMAL Islamic core banking platform on September 4th, 2021, only one month after signing with Path Solutions, the only AAOIFI-certified financial technology firm.
While fintech provides a number of exciting opportunities, banks are also grappling with the challenges it brings. On Wednesday September 1st, the fintech community had the opportunity to hear several experts in the area deep diving into the pros and cons of the vibrant fintech ecosystem at the Fintech Board Webinar.
Against the backdrop of a very difficult year for all, Path Solutions has been honored with the ‘Best Islamic Technology Provider’ award at the Triple A Islamic Finance Awards 2021 organized by The Asset Publishing and Research Ltd.
After receiving the green light from the National Bank of Ethiopia (NBE), Hijra Bank, the second fully-fledged interest-free bank in the country has engaged in a highly competitive bidding and selection process which resulted in the selection and signing of an agreement with Path Solutions for the implementation of its AAOIFI-certified core banking platform.
Azentio Software (“Azentio”), a Singapore-headquartered software products business owned by funds advised by Apax, is pleased to announce the signing of a binding agreement to acquire certain software assets from Path Solutions