back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

Banque Populaire de Mauritanie successfully goes live of Azentio’s iMAL version R14.5

By Leandra Monteiro

June 27, 2022

  • Azentio Software
  • Banque Populaire de Mauritanie
  • Digital Transformation
Share

Azentio, Banque Populaire de MauritanieAzentio Software, a Singapore-headquartered technology firm owned by funds advised by Apax Partners, announced that Banque Populaire de Mauritanie (BPM), one of the largest financial institutions (FIs) in Mauritania, has gone live with the R14.5 version of iMAL, Azentio’s Core Banking Platform, to meet the multiple technology requirements imperative for its planned business growth.

iMAL is the digital Islamic core banking platform, and the first and only suite certified by the Accounting & Auditing Organization for Islamic Financial Institutions (AAOIFI). Its new version will provide BPM with the ability to quickly respond to the changing market conditions and regulations, along with the efficiency to align with its future business plans.

The go-live makes BPM the first bank to use R14.5 version in Mauritania. But most importantly, the solution is expected to help meet BPM’s objective to offer the local market a broad range of interest-free products and services with faster time-to-market to deliver value to their customers, especially those firmly committed to Sharia and ethical values.

The bank has been running on iMAL since it began operations in 2012. Lately, the bank decided to upgrade to the latest release to meet its digital transformation’s vision to ensure better performance and scalability and fulfill its customers’ expectations of improved experiences across multiple channels.

With the R14.5 version, BPM gets a new multi-threading solution at different levels, delivering high volume processing capabilities with a profound level of parallel processing of records; an advanced solution burden-free, regardless of multiple connected channels or heavy processes; and the implementation of Service-Oriented Architecture (SOA)/web services to maximize agility, interoperability, and scalability of the system. With this step, the bank has progressed to SOA, facilitating the integration of channels and third-party systems, while getting the benefits of an advanced customization engine that will facilitate faster time-to-market of new products.

Limam Ebnou, CEO of BPM said, “Our bank has been using iMAL since we began operations in 2012, primarily because it is the only software built from the ground up in compliance with the Sharia law. Aware of the digital transformation challenges and the solution’s new advanced positioning in the sector, we are certain of taking our partnership with Azentio to even higher levels of success and innovations in Islamic financial services.”

Tony Kinnear, CEO of Azentio said, “After being a strategic partner of Banque Populaire de Mauritanie for over a decade, we are helping them today to launch trendsetting products and improve their customer service. We are excited to take this relationship further with the go-live of iMAL R14.5. iMAL’s latest version comes with a number of market-driven innovative features which fit perfectly with the core principles and moral values of Islamic banking.”

Previous Article

June 27, 2022

Xago launches XGB, enabling end-to-end British Pound transfers within minutes

Read More
Next Article

June 27, 2022

Cuentas to expand global operations in Mexico with Cuentas LatAm

Read More










IBSi Daily News Analysis

The Weekly Wrap

August 12, 2022

Azentio Software

The Weekly Wrap: all you need to know by Friday COB | August 12th

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

August 12, 2022

Synctera announced the appointment of Yvette Butler to its Board of Directors

Read More

August 12, 2022

Great Southern Bank drives digital transformation with Fiserv

Read More

August 12, 2022

ANZ New Zealand selects FIS’s modern banking platform

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
IBS Intelligence - Global Digital Banking Vendor & Landscape Report Q2 2022
Global Digital Banking Vendor & Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Treasury & Capital Markets Systems Report Q2 2022
Treasury and Capital Markets Systems Report 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022