Gulf Bank goes live with Path Solutions’ Investment product

25 May 2011

Path Solutions, a leading provider of technology solutions to the global financial services industry announced today that Gulf Bank, one of the largest commercial banks in Kuwait has gone live in just three weeks with Path Solutions’ investment product for its fund administration and transfer agency operations.

Path Solutions’ groundbreaking technology allows fund administrators with operations in several countries to meet their registry and distribution requirements through its unique combination of multi-currency, multilingual, multi-entity and multi-instance functions. It enables financial institutions to design innovative products with either simple or complex fund structures and helps them stay ahead of the competition.

“Due to the quick implementation time and ease of use, Gulf Bank will profit from a high user adoption and quick ROI”, said Khaled Al Mutawa, General Manager – International Banking & Investments at Gulf Bank. “We particularly appreciate the efforts of the Path Solutions team in the flawless implementation of the project including installation, workshops, training and UAT. The initial hours of preplanning were key to the successful completion of the project”.

Gulf Bank is a Kuwait-based financial institution engaged in the provision of financial and investment services. The bank routinely surpasses its competition by focusing on one simple strategy, delivering superior customer satisfaction.

“Clients are looking towards using leading edge technologies with a very aggressive go live objective. Path Solutions provides enterprise-wide software solutions with rapid implementation cycles and shortened time to production”, commented Osama Ezzeldin Mohamed Touny, SVP at Path Solutions. “Our system will help Gulf Bank reduce overall operational costs and enhance its ability to design innovative financial products while maintaining extreme performance”.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development