KAMCO adopts latest technology from Path Solutions

10 March 2014

Multi-award winning Islamic banking software provider, Path Solutions today announces the successful completion of its solution upgrade at KAMCO (KIPCO Asset Management Co.), a premier investment company based in Kuwait.

KAMCO’s main activities reside in Asset Management and Investment Banking. The Asset Management Division concentrates on providing its clients with customized portfolio management, access to IPOs, local and international fund management with risk adjusted return maximization, mitigating risks, and maintaining capital appreciation for individual and institutional clients. Its Investments Division specializes in providing its clients with unique investment opportunities, financial and advisory services, supported by investment research which tracks the latest directions and trends across local and regional economies and capital markets.

The newest technology acquired from Path Solutions will allow the simplicity and flexibility KAMCO needs to achieve optimal efficiencies and long-term benefits. Additional features include 100% automation of the processes, enhanced permissions processing, workflow graphics and increasing productivity and control of production environments.

“We’re strong supporters of Path Solutions, mainly due to their professional systems and up-to-date technology which have strongly contributed to the enhancement of KAMCO’s operational activities”, confirmed KAMCO’s Chief Executive Officer, Mr. Faisal Sarkhou. He continued, “Considering the many years in which we have utilized the Path system, our team is very familiar and comfortable with the solution and finds it easy to upgrade and maintain”.

KAMCO’s Chief Support Officer, Mr. Mahmoud Idris, added, “The aim behind this fast system upgrade is to gain critical time-to-market. Countless number of tasks are easily and quickly automated enabling configuration without programming capabilities, delivering innovation and value with reduced complexity for every user”.

The modular architecture of Path Solutions’ latest investment software allows the fast roll out of features and functions. Its sophisticated operational tools enable centralized control with pro-active real-time monitoring, data transformation, job scheduling, batch processing and automated reporting, with a drag-and-drop environment that substantially reduces the total cost of automation lifecycle.

“This successful deployment will empower KAMCO to meet the needs of a growing customer base with faster product roll-out and exemplary customer service”, commented Mr. Mohammed Kateeb, Path Solutions’ Group Chairman & CEO. “We’re delighted to know that KAMCO is celebrating a perfect year end closing with a new business platform and a robust and feature-rich technology infrastructure, allowing it to scale up to meet its future growth”.

KAMCO believes that this landmark upgrade will help bring a fresh burst of innovation in technology tools and corresponding practices.

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