APAC CIO Outlook
  • Home
  • CXO Insights
  • CIO Views
  • News
  • Conferences
  • Newsletter
  • Whitepapers
  • About us
Apac
  • Admired Tech

    Agile

    AI Healthcare

    Artificial Intelligence

    Augmented Reality

    Aviation

    Big Data

    Blockchain

    Cloud

    Cryptocurrency

    Cyber Security

    Digital Transformation

    Drone

    HPC

    Infrared

    Internet of Things

    Networking

    PropTech

    Remote Work

    Scheduling Software

    Simulation

    Startup

    Storage

    Wireless

  • Banking

    E-Commerce

    Education

    FinTech

    Food and Beverages

    Healthcare

    Insurance

    Legal

    Manufacturing

    Pharma and Life Science

    Retail

    Travel and Hospitality

  • Atlassian

    CISCO

    Microsoft

    Oracle

    Salesforce

    SAP

    ServiceNow

  • Business Intelligence

    CEM

    Cloud-based Planning

    Cognitive

    Compliance

    Contact Center

    Contact Tracing

    Contactless Payments

    Content Management System

    Corporate Finance

    CRM

    Custom Software Development

    Data Center

    Enterprise Architecture

    Enterprise Communications

    Enterprise Contract Management

    ERP

    Field Service

    HR Technology

    IT Service Management

    Managed Services

    Procurement

    Product Management

    RegTech

    Revenue Management

    Sales Tech

Menu
    • FinTech
    • Augmented Reality
    • Agile
    • Cognitive
    • Cyber Security
    • Digital Transformation
    • Atlassian
    • E-Commerce
    • Managed Services
    • RegTech
    • CISCO
    • Blockchain
    • IoT
    • MORE
    #

    Apac CIO Outlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIO Outlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    • Home
    • FinTech
    • Vendor
    • Path Solutions
    Previous
    Next

    Path Solutions: The Go-To Software Solutions Provider in the Islamic Financial Services Sector

    Mohammed Kateeb,CEO, Path Solutions Mohammed Kateeb, CEO

    It is imperative for the financial services industry not only to take the aid of technology but also to stay in a continuous process of advancement. Even though the industry is in a very promising stage, it faces challenges pertaining to growth, standardization, lack of skilled resources, downsizing and lack of structured framework. Acknowledging the need for advanced software and overcoming the hurdles of the Islamic financial sector, Path Solutions provides the appropriate and robust technological solutions the industry needs for its continued growth. Briefing about the functioning of the industry, Mohammed Kateeb, Group Chairman & CEO, Path Solutions says, “We believe that for the industry to reach its full potential, it must first ensure substantial investments in industry-specific technologies in order to keep pace with an increasingly complex marketplace.” Providing advanced services to its clients in project management, risk management, consulting and outsourcing services, Path Solutions has made a strong market presence since its very inception.

    Initiated in 1992 solely as a software solutions provider in various parts of the Middle East and North Africa (MENA) region, Path Solutions entered the financial technology industry at a global scale few years later. Having performed an in-depth market analysis, the company figured out the gap in the sector and endeavored to fill it by providing cutting-edge Sharia-compliant software solutions with major focus on the needs of the Islamic finance sector.

    The features of Path Solutions’ wide range of services are unique to the company which acts in accordance with the Sharia law.


    Path Solutions offers a full suite of Islamic banking software solutions covering CSM, portfolio and asset management, trade finance, treasury, BI and risk management, regulatory reporting and Sukuk


    Complying with the law, it acts in full acquiescence with Sharia tenets, AAOIFI standards and IFSB guidelines. The company offers a full suite of Islamic banking software solutions covering CSM, portfolio and asset management, trade finance, treasury, BI and risk management, regulatory reporting and Sukuk, with the various Islamic modes of financing such as Murabahah, Musharakah, Mudarabah, Istisnaa, Ijarah, Wakalah, Salam and real estate.

    Apart from unvaryingly offering advanced and innovative solutions, Path Solutions constantly stays on its heels to keep up and stay ahead in a market riddled with competitors. Developing Sharia-compliant technologies has enabled the company to satisfy the growing demand for true Islamic banking products and services. Talking about the promising journey so far, Mohammed proudly states, “Path Solutions is the only AAOIFI-compliant banking software provider globally as attested by Deloitte. In addition to that, we are committed to continuous R&D and we have tremendous industry expertise since we have worked with over 100 Islamic financial institutions worldwide.”

    The multi-award winning company’s current prospect gets further strengthened, as it heads towards a brighter future with an objective to expand geographically and reinforce its technological offering. Mobility and cloud, already being among its priorities, the company has upgraded its BI, Risk Management and eChannels solutions. “We are upgrading and expanding our eChannels, so that our clients can offer the best digital services to their customers, run more efficient operations and gain insight into their businesses. In addition, we will continue to grow our line of Sharia-compliant software solutions, invest and launch next-generation banking applications, thus meeting clients and market expectations,” Mohammed concludes with confidence.
    Previous
    Next
    Share this Article: Tweet
    2015

    Path Solutions News

    Islamic finance tech giant Path Solutions crowned Best Islamic Technology Provider

    Path Solutions, the global Islamic software and services provider for banks and financial institutions, is proud to announce it has won the Best Islamic Technology Provider award in the IFN Service Providers Poll 2020. This is the 13th consecutive year that the company has won the prestigious accolade, demonstrating its powerful ability to deliver digital transformation solutions that drive business growth and innovation in a rapidly changing financial services sector.

    This is another huge achievement for us, commented Mohammed Kateeb, the Group Chairman & CEO of Path Solutions. The fact that we are the only company to have ever won IFN Best Islamic Technology Provider category over the past 13 years really illustrates our in-depth industry knowledge and our commitment to helping financial institutions become data-driven and empowering them to succeed in a fast-changing world. Our focus is on making a significant difference to our clients by providing a technology platform that is truly a launchpad for continual digital innovation.

    Kateeb added, This is an important moment for us to also thank our clients for their commitment to us and for providing us with the opportunity to assist them in their transformative journey, and to thank one more time IFNs team for their hard work during a lengthy and time-consuming due diligence process.

    Indeed, when looking at the rapid shifts that have taken place over the past several months due to COVID-19 with banks worldwide accelerating their digital adoption to meet new customer requirements; finding the right technology partner has arguably never been so critical for business longevity, said Vineeta Tan, Managing Editor, REDmoney.

    Therefore, if there is any immovable victor in this poll, it is Path Solutions. Being selected as the Best Islamic Technology Provider for the 13th year running, is a testament to the firms unquestionable dominance in the space, and a true reflection of the global Islamic financial services industry. The companys victory is backed by an impressive year comprising numerous high-profile new contracts particularly in the African region, leaving a formidable footprint in this fast-growing market.

    The year 2020 is also momentous for Path Solutions as it marked the start of its intelligent digital initiative roadmap with the unveiling of two new platforms; Path Digital and Path Intelligence, bolstering its open banking with core system upgrade.

    IFN received another strong showing in votes in 2020 and competition was tight throughout. It is also worth noting that the Technology category witnessed a stunning shakeup in second and third rankings this year with Silverlake Axis chosen second runner-up and HeiTech Padu third.

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    CIO Speaks

    • IT Service Delivery Models Evolving with Business

      Todd Larson, CIO, Sentinel Benefits & Financial Group

      E-Mortgage, The Next Big Thing is already here: Make it Bigger

      Nafees Ahmed, CIO, Indiabulls

      Technology and Business Conscience Collision

      Winston Benedict, CIO, Dentsu Aegis Network ANZ

      eMortgage, The Next Big Thing is Already Here: Make it Bigger

      Nafees Ahmed, CIO, Indiabulls

      The Right Technology And Reliable Partners; The Business Next Frontier

      Luke O'Brien, CIO, ISS Facility Services Australia & New Zealand

      Service Organisations Make Great Places To Work, And Deliver Better Value

      Matthew Perry, CIO, Orora Limited [ASX: ORA]

    • How Have Recent Advancements in Big Data Been Impacting Businesses?

      Marc Solomon, CIO, Bvn Architecture

      BI & Analytics in Aquaculture

      Matthew Leary, CIO, Tassal Operations

      BI and Analytics

      Gary Peel, CIO, SYNERGY (ASX:IS3)

      A Blend of Six Technologies to Enhance Teaching-Learning Processes

      John Hui, CIO, The Education University of Hong Kong

      Creating Integrated Workflows for an Evolving Company

      Mike Everly, CIO, D&H Distributing

      Modern Software Development Methodologies

      Kevin Glynn, VP and CIO, DSC Logistics

    Copyright © 2021 APAC CIOoutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    |  Sitemap |  Subscribe

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://fintech.apacciooutlook.com/vendor/path-solutions-the-goto-software-solutions-provider-in-the-islamic-financial-services-sector-cid-79-mid-7.html