Path Solutions wins TOP position in two categories in the IBSI SLT 2021

By Leandra Monteiro

Path Solutions has won the TOP position in two categories in the IBSI Sales League Table 2021 (IBSI SLT); Islamic – Universal Banking | Core, Data Warehouse & Business Intelligence.

Path Solutions re-affirmed TOP position for twelve consecutive years in the IBSI Islamic Sales League Table 2021 with its AAOIFI-certified digital banking suite iMAL. The company has an established track record of product innovation. It is a recognised as a global leader in financial software solutions for Islamic and conventional financial institutions, and this is further proven by its extensive market reach and growing clientele base.

“Keeping an excellent winning record year after year at the IBSI SLT is a tremendous feat and clearly demonstrates the strength of our Islamic banking platform, our strong focus and deep understanding of the segment’s specificities, driven by a passion and commitment to add value to our clients. We are very proud as well for topping the Data Warehouse & Business Intelligence category highlighting clearly the success of our Path Intelligence initiative that we launched a year ago. During the pandemic and recent market volatility, our customer-centric solution has provided our clients with outstanding capabilities to help them transform into becoming analytically data-driven resulting in significant competitive advantages that assisted them to weather the storm”, commented Mohammed Kateeb, the Group Chairman & CEO of Path Solutions.

“Path Solutions strives to remain the first-choice Islamic software partner for financial institutions across the globe, and this year’s fantastic display of wins really reinforces that”, said Robin Amlôt, Managing Editor, IBS Intelligence. “We are especially pleased to see Path Solutions reaping the benefits by leading the power of automation and digitalization to create new Sharia-compliant solutions to address the current needs of the burgeoning Islamic banking segment”.

It is also worth mentioning that Path Solutions positioned as a Competitive Player in the IBSI LeaderBoard – Universal Banking | Core for CY 2020 Deals, featured in the SLT Leadership Club 2021 among category leaders, and ranked second in Islamic Retail Lending category.

Despite the 2nd wave of COVID-19 around the world, IBSI SLT 2021 witnessed consistent participation by vendors as 60 vendors submitted their nominations. Of the 2,073 deals evaluated, the qualified deals of SLT 2021 included 1,046 global deals (SLT 2020: 800+) and over 500 domestic deals (SLT 2020: 900+) across all SLT categories. New SLT categories introduced this year include Conversational Banking, Data Warehouse & Business Intelligence, and InsurTech. In recognition of the fast-growing Islamic banking segment, IBSI SLT is expanding its Islamic SLT which lists the suppliers catering to this segment.