IBS Sales League Table 2014 recognizes Path Solutions as the world’s premier provider of Sharia-compliant core banking systems
Path Solutions , a global leader in Islamic banking software solutions and services, today announced that it has maintained its 1st place position in the IBS Islamic Core Banking Systems Sales League Table 2014, with Swiss-based Temenos and Lebanon-based BML Istisharat securing second and third positions in the list. The list which combines new name wins during the previous year was published by IBS Journal on June 3rd, 2014.
Furthermore, IBS stated in a recent article entitled “Analysis: IBS Islamic Sales League Table 2014” that “When it comes to Islamic core banking systems to underpin the sector, there is one mainstream specialist Path Solutions “.
The IBS Islamic Core Banking Systems Sales League Table is an international ranking of Sharia-compliant core banking systems sales that comprises over 30 of the major banking system suppliers including pure Islamic vendors. It evaluates their strengths, weaknesses, various systems and verifies their user lists to form an unbiased picture of the merits of each supplier and its new name wins.
“This marks Path Solutions ‘ fifth appearance as No. 1 Best Selling Islamic Software Provider Worldwide on IBS’s prestigious list”, said Rosie Kmeid, VP Global Corporate Communications & Marketing at Path Solutions . “We go above and beyond to fully identify and meet the changing needs of our clients and to continually innovate our service offerings. During 2013, Path Solutions signed 10 new name wins for the provision of its leading Islamic core banking systems. Today, we are present in 33 countries, three continents, and we have a client base of over 100 clients that are forward-thinking Islamic banks, Islamic financial institutions or Islamic subsidiaries to whom our Sharia-compliant solutions are driving immediate results”, she concluded.
Path Solutions ‘ references include the following Islamic banks: Sterling Bank, Nigeria; Burj Bank Limited, Pakistan; Bank Sohar, Oman; National Bank of Kenya, Kenya; Banque Al Muamelat Assahiha (BMS), Mauritania; Financial Investment Bank (FIBA), Sudan and Bank Muscat – Meethaq, Oman.
Founded in 1992 and building on over 20 years of experience, Path Solutions is well positioned to be the trusted IT partner of forward-thinking Islamic banks willing to capitalize on best-of-breed technologies. The company goes a step beyond traditional software vendors by delivering Islamic solutions designed to mitigate Sharia risk, optimize output and minimize costs, and which can be easily extended to support geographical and business expansion.
Path Solutions has been on something of a winning streak, earning numerous industry accolades for its Islamic banking software solutions and services in 2014 including recognitions by World Finance Magazine, Global Banking & Finance Review, and winner for the 2014 Beacon of ICT (BoICT) Awards in the ‘Islamic Banking Application of the Year’ category.
Originally published on www.zawya.com