Universal Banking

Today’s business world is evolving faster than ever before. With changes in customer expectations and increasing competition, financial institutions are nowadays forced to adapt, be more efficient, receptive, and innovative.

To attract and retain customers, maximizing value becomes imperative. This means financial institutions should become more agile and able to respond to external threats. When financial institutions take a smart approach to create a more optimized IT environment, they are able to change dynamically based on changing customer preferences. This approach commands that they rethink their technology roadmap, so that it is designed to support customer expectations not just for the next year, but also for the next decade.

The new generation roadmap requires that financial institutions spend less time maintaining ineffective IT systems and more time innovating. Because of the flexibility and scalability of Path Solutions’ set of services, it can help them meet their business objectives without increasing costs. Unlike other core banking system providers, Path Solutions offers a wide range of universal banking solutions that are fully mature and developed.

iMAL is a comprehensive suite of software solutions designed to meet the needs of retail, corporate, and investment banking. The iMAL modules are highly parameterized and user friendly. The flexibility and parameterization built into the system add to its advantages. In addition, iMAL enables financial institutions to cater for new innovative financing and investment products with minimum set-up time and effort.

iMAL effectively empowers financial institutions to run their businesses in real time mode, ensuring the availability of information on a real time basis, and as such enabling right decision making, and both strong customer focus as well as superior operational control.

Path Solutions’ iMAL Universal Banking suite provides the following benefits:

– Higher operational efficiency:

  • Single integrated platform for all banking activities
  • Flexibility to meet change and growth requirements
  • Cost reduction by implementing STP
  • Optimized business performance

– Superior customer service:

  • 360° view of the customer
  • Greater business agility
  • Reduced time to market for new products

– Improved risk management:

  • Support for multiple levels of authorization
  • Complete audit trail on information
  • Advanced reporting capabilities
  • Reduced overall risk exposure

For more information on the iMAL Universal Banking suite, talk to our team of banking technology experts: