Azentio Software Wins “Islamic Digital Banking Provider” Award at MEA Finance Banking Technology Summit & Awards 2022
SINGAPORE: – Azentio Software (“Azentio”), a Singapore-based technology company owned by funds advised by Apax Partners, announced today that it has won the award for “Islamic Digital Banking Services Provider of the Year” at the prestigious MEA Finance Banking Technology Summit & Awards 2022, for its core Shariah-compliant banking platform offering – iMAL™.
The award was officially presented at a ceremony held in Dubai, United Arab Emirates on Thursday, May 19. The awards program, hosted by MEA Finance, the region’s only banking and finance media brand, recognizes and celebrates the achievements of the region’s leading banks and financial institutions. and technology providers at the forefront of digital transformation who have worked together to create smarter, more efficient and more efficient systems for new-age banking customers.
Azentio’s iMAL™, the first and only banking suite certified by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), helps Islamic and conventional financial institutions drive true digital transformation to improve the customer experience, insight-driven interactions and widespread automation. Recognized by leading industry analysts for its broad and deep Islamic functionality, flexibility, viability and operational performance, iMAL™ is cloud-ready, based on an open platform and supports open banking through Open APIs and web services.
iMAL™ offers several powerful and differentiating features that make it one of the most comprehensive Islamic solutions available today, which is accentuated by the fact that over 130 of the world’s leading Islamic financial institutions use the platform to power their operations .
Kenneth Mitchen, Executive Director and Publisher of MEA Finance, said: “iMAL™’s unwavering support of the Islamic banking industry has been fabulous over the years. By combining Sharia principles and innovative digitization technologies, the solution has helped financial institutions in the MEA region transform the way they do business to onboard, delight and retain tech-savvy customers. In this regard, we are very pleased to award our “Islamic Digital Banking Provider” award to Azentio Software, the leading provider of iMAL™. »
Tony Kinnear, Managing Director of Azentio, said: “We are very honored to receive this award from MEA Finance. The region’s growing internet penetration, mobile phone usage and burgeoning digital population have all combined to prompt banks and regulators to accelerate the adoption of digitalization and models like open banking. in Islamic financial services, especially in the wake of Covid. -19 pandemic. In this context, we feel honored by the continued confidence of the regional banking industry in our multi-award winning iMAL™.
For Azentio, the MEA Finance “Islamic Digital Banking Provider” award follows winning the “Best Islamic Banking Implementation Award for Best Project Implementation” at a Sudanese bank using the iMAL™ platform.
About Azentio Software Private Ltd
Azentio Software provides mission-critical, foundational and vertical-specific software products for banking, financial services and insurance customers primarily in the Middle East and Africa, Asia-Pacific and India. The company’s flagship products include Kastle™ (Universal Banking Solution), iMAL™ (Islamic Core Banking Platform), Premia™ Astra, Beyontec Suite (Core Insurance Software) and Intelligent Automation Fabric (End-to-End Digital Suite), Amlock ™ (Financial Crime Detection and Management Solution), MFund Plus™ (Wealth and Asset Management Solution) and Orion™ (Enterprise Resource Planning Solution).
The company has over 900 customers in over 65 countries with a team of over 2,000 employees in offices in 9 countries around the world. Azentio Software Private Limited is 100% owned by funds advised by Apax Partners.
About MEA Finance
As the region’s only banking and finance media brand, MEA Finance provides dedicated news, features, data and updates on the unprecedented and accelerating changes taking place in the Middle East’s capital markets. and from Africa. MEA Finance articles, events and data can be accessed across many platforms – digital, online, print, webinars, virtual and live events, awards, memberships and surveys.