Path Solutions Tops IBS Islamic Banking Sales League

By Chike Onwuegbuchi
Path Solutions, a global banking software provider, was announced by IBS Intelligence as the leader in the Islamic financial services sector in IBS Islamic (Banking)Sales League Table (SLT) 2020.
For the eighth year in a row, Path Solutions was recognized the undisputed leader in Islamic Banking with more new Islamic deals signed in 2019 than any of its industry peers. The company is part of the iconic IBSI Leadership Club 2020 for back office systems, topping the Islamic Banking category since 2017.
Separately, Path Solutions was recognized as the World’s 4th Universal Banking System Provider for the fifth consecutive year in IBS Global SLT. The dual recognition demonstrates Path Solutions’ cementing leadership position across the breadth of the financial services space.
In IBS SLT 2020, Path Solutions featured in four other categories: the Compliance, Digital Banking & Channels, Risk Management, and the Lending category, making it one of the preferred software vendors in these segments and expanding its solution footprint globally.
The annual IBS SLT is the global barometer for sales performance of Universal Banking, Islamic Banking, Wholesale Banking, Retail Banking, Private Banking, Lending, Digital Banking, CRM, Payments, Compliance & Risk Management, Investment & Fund Management-related technology market.
Mohammed Kateeb, Group Chairman & CEO of Path Solutions, commented: “These recognitions attest to our continued vigorous commitment and rigorous execution, seeing the pace and scale in the adoption of our flagship iMAL platform.”
“Being recognized as the leader in Islamic SLT for the eighth year running, demonstrates our company’s overall ability to meet the continuously emerging complex client requirements, emphasizing the breadth and depth of our suite of solutions, as well as our ability to accelerate time to market for products and services,”he said.
This year’s ISLT saw close competition between top players, where Path Solutions emerged as the winner for its iMAL platform.
Courtesy: Commsweek