Path Solutions, the premier provider of Islamic banking software solutions and services, is pleased to announce that it has been awarded Corporate Vision’s 2016 Technology Innovator Award for ‘Best Islamic Core Banking System Provider’.
The 2016 Technology Innovator Awards highlight the businesses behind the most ground-breaking developments in technology. The prestigious awards process shines the spotlight on those pioneering IT firms that develop and implement cutting-edge technologies that will continue to enhance and fundamentally alter the business world for the better for many years to come.
Path Solutions invests around 25% of its revenues in research and development, significantly ahead of its industry peers, ensuring that its Islamic core banking system remains at the pinnacle of the Islamic financial services market. The company’s flagship core banking system iMAL enables Islamic financial institutions to optimize their operations and processes while remaining compliant, agile, flexible and responsive to business change.
Speaking about the recognition, Mohammed Kateeb, Group Chairman & CEO of Path Solutions said, “Being awarded the Technology Innovator Award 2016 reinforces our beliefs, strengthens our commitment and encourages us to continue our journey towards excellence. Since 1992, Path Solutions has never missed out at winning industry awards. The company’s performance also garnered great appreciation from top industry analysts. Among this year’s awards we note the Asset Triple A Islamic Finance Awards, the Beacon of ICT (BoICT) Awards and the IFFSA Awards in which we earned top position”.
The Technology Innovator Awards reflect and reward the many years of dedicated work and investment spent to develop and bring innovative solutions to the market. The award winners' magazine will be distributed to 170,000+ readers worldwide who are a mix of C-level executives from different corporate backgrounds.
The 2016 winners are soon to be announced on Corporate Vision’s awards page.
Path Solutions is a leading IT provider offering a broad, deep spectrum of Sharia-compliant integrated solutions and services to the Islamic financial marketplace.
Designed to meet the needs of modern Islamic banking, Path Solutions’ turnkey solutions are based on an open, flexible architecture and an established deployment methodology. They have been tested and implemented at some of the world’s most sophisticated Islamic banks, Islamic banking windows as well as conventional banks converting into Islamic banking operations.
Path Solutions provides a unique blend of proven expertise with advanced technologies, allowing its clients to achieve significant operational efficiencies, maintain a competitive edge and build on their leadership position.
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