Path Solutions, a leading Islamic financial solutions provider, announced today that it has been awarded the GoodAccreditation Standard for 2016 for its iMAL Enterprise Islamic Banking & Investment System.
The accreditation comes from Goodacre UK, a leading specialist business and technology consultancy firm working with FSA authorised companies. Goodacre UK is an accredited training provider of the Chartered Institute of Securities and Investment (CISI) Continuing Professional Development (CPD) Scheme.
“Path Solutions is very proud to continue to receive this accreditation year after year reflecting the experience gained from operating in the UK market for over ten years. Such recognition demonstrates our commitment and focus on developing and delivering highly innovative solutions to the global financial services industry that exceed traditional benchmarks”, said Mohammed Kateeb, Path Solutions’ Group Chairman & CEO.
To gain the accreditation, Path Solutions had to demonstrate the capabilities of its iMAL core banking system and also give a list of client referees; and to maintain presence in the list, IT vendors must go through this rigorous vetting process annually. An independent panel of judges recognized Path Solutions’ iMAL for the sixth year in a row for its capabilities in addressing the complexity of the financial services sector.
“The Goodacre UK Accreditation and Systems in the City Awards focus on the strengths and achievements of financial industry IT vendors. Path Solutions has done very well to gain this accreditation again this year, and as a consequence we will see their profile rise quickly in the industry”, commented Stephen Pinner, Managing Director, Goodacre UK.
As compliance regulations increase, financial institutions need to rely on core banking systems that offer real value to their bottom line through flexibility, mobility and compliance while empowering operational efficiency and enhancing customer experience.
Having achieved the GoodAccreditation Standard, Path Solutions is now a nominee for the Systems in the City Awards 2016. Award winners will be announced during an Award Ceremony that will be held at The Banking Hall in London on 6th July 2016. This event is sponsored by Allfunds Bank, Clearstream Banking, Equiniti, Iress, JHC Systems and Platform Securities.
The GoodAccreditation standard is awarded to those companies and solutions which meet high standards of quality as recommended by their users while complying with current legislative and regulatory requirements. The selected companies will gain a place on the Goodacre website which offers a unique source of reference for financial institutions researching computer services, core banking systems, data feeds and third party clearing systems: www.goodacreuk.com.