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The bank then chose Path Solutions' iMAL System after extensive and competitive vendor selection process that included other major global solutions' providers.
By deploying iMAL, FCB will provide premium Sharia compliant Retail, Commercial services and Investment banking solutions to meet the diverse needs of its clientele.
Hassan Muhammud, Head of Business Technology & Project Manager at FCB said:
"It was important to select a partner that shares our bank's grand vision on Islamic finance. Indeed, Path Solutions understood our business model, are adaptive and flexible in perceiving Kenya's dynamic financial requirements - with special attention to Shariah principles and compliance". And he added: "We are proud to have chosen the right technology solution not only to cater for our current business requirements but also to support us in the fast dynamic growing Islamic finance industry. Last but not least, we thank Allah for this achievement as we usher a new era in Kenyan banking with the birth of FCB. Verily, this success is an enormous blessing to everyone in the East African region."
Commenting on the Go Live, Raida Hafez, Path Solutions' Project Director said: "The whole implementation process went extremely well, largely because of the quality and commitment of both teams".
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Posted by Eman Hassan
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