Path Solutions is proud to announce that its Islamic core banking platform, iMAL has received the GoodAccreditation standard for the eighth consecutive year. This accreditation is awarded to companies based on customer satisfaction across a number of system and service criteria.
iMAL modular and extensible platform runs on open APIs using modern architecture, open-source components and protocols, meaning its clients can implement only the services they want, while spanning several digital solutions for fintech-age banking including mobility solutions, contactless payments, AI-powered compliance solutions and big data analytics.
The company’s new age initiatives – digital & social banking, mobility, business analytics, risk management & compliance and cloud-ready solutions cater to the evolving need for speed, reach and predictability.
According to Path Solutions’ Group Chairman & CEO, Mohammed Kateeb, “It is a privilege to receive the GoodAccreditation Standard eight years running. This is one of the top recognitions in the industry, coming from a leading specialist in the financial sector. As a fintech digital solutions provider for over 130 Islamic financial institutions across 39 countries, our entire business revolves around delivering a unique set of services that help our clients benefit from the latest technology advances ensuring business agility, continuity, data integrity, availability and compliance. This eight consecutive annual GoodAccreditation Standard is a clear sign from the industry that we are heading in the right direction, bringing even more value to our clients through our expanded offerings”.
Stephen Pinner, Goodacre UK’s Managing Director, commented, “IT is a vital component for the regulated financial industry without which it could not provide the level of service now essential to meet customer and regulatory demands. The companies behind these advances rarely receive the credit they deserve for supporting one of the most important sectors of the economy. Path Solutions is to be congratulated for again receiving formal accreditation”.
The GoodAccredited Standard is awarded by Goodacre UK, the leading specialist business and technology consultancy working exclusively with system suppliers and regulated companies within the investment services sector. Every year, Goodacre UK conducts a review of all systems and services provided to the regulated markets. The review is carried out by a team of very experienced practitioners and supported by direct input from the users themselves. Those suppliers whose platform meets the requisite criteria are awarded the GoodAccreditation standard.
As a recipient of the accreditation, Path Solutions will now automatically become a nominee for the Systems in the City Awards 2018. Winners will be announced at a presentation lunch on Thursday 12th July at Merchant Taylors’ Hall in London.