"Today, core system replacement is one of the top priorities of forward-thinking Islamic banks worldwide, because of the inadequacy of legacy systems to guarantee Sharia compliance and to provide a platform for growth and expansion plans", stated Jacob Zachariah Karuvelil, Executive Vice President – Global Professional Services & Global Support at Path Solutions. "AGIB is the first bank in Gambia to go live with the ground-breaking iMAL R14 version. We are delighted that AGIB is taking full advantage of this revolutionary web-based cloud-ready technology. This is yet another project where teamwork resulted in mutual success, exemplifying our commitment to cultivating a sustainable relationship with our clients that is built on trust, integrity and confidence".
The new iMAL R14 is a massively scalable Straight-Through-Processing (STP) solution. This re-architected version will give AGIB the flexibility to change its business processes quickly, to respond to market demands more effectively and to scale the business at the pace it requires.