SINGAPORE, December 15, 2021 – We are delighted to announce that Path Solutions, a leading Islamic technology provider, recently acquired by Azentio Software, was ranked highly and named a winner in three categories among top firms worldwide at the recently held Faster Community’s Fintech Prize 2021 on December 1st via a virtual ceremony.

The honours included:

  • Best Islamic Fintech Solution Provider of the Year Award for Path Solutions – second time in a row
  • Islamic Fintech Startup of the Year Award for IFIN Services, a joint venture between IFAAS and Path Solutions
  • Fintech Leader of the Year Award for the former Group Chairman & CEO of Path Solutions, Mohammed Kateeb.

Path Solutions has been providing pioneering, fitting, relevant and world-class Islamic banking solutions that uphold and comply with Sharia principles and with the ongoing rise of digital banking services.

“This triple recognition is indeed an honor and a tribute to a team that prides itself in developing unique and innovative Islamic banking software unlike any other in the market today“, commented Mohammed Kateeb, who recently took over as President, Middle East & Africa, and Global Head of Islamic Banking at Azentio Software. “We look forward to continuing to empower Islamic banks with breakthrough technologies enabling them to reap the benefits of the digital age”.

Mustafa Kugu, Founder of Faster Community said, “Path Solutions has been a cornerstone of the Islamic financial services sector with a remarkable thought leader such as Mohammed Kateeb at the helm of this institution, which makes it truly deserving of this triple recognition. Congratulations on this achievement, and I am looking forward to seeing the incredible opportunities that lie ahead now that they are key part of Azentio Software”.

Launched in 2020 by Faster Community, Fintech Prize is a tribute to excellence in the Islamic banking and finance sector. It aims to recognize fintech leaders, startups, and top-performing software providers for their ground-breaking solutions in transforming experiences, with adherence to Sharia rules and commitment to Islamic finance.

View the 2021 winners here

About Azentio
Azentio Software is a newly formed company in 2020 that has been carved out of 3i Infotech, a global information technology company. Azentio Software provides mission critical, vertical-specific software products for clients in banking, financial services and insurance verticals including key products such as Kastle™ (universal banking platform), iMAL™ (Islamic core banking platform), Amlock™ (compliance software suite), Premia™ Astra (core insurance software), Orion™ (enterprise resource planning software) and MFund Plus™ (asset management platform). Azentio has over 800 clients in more than 60 countries with a team of over 2,000 employees across offices in 9 countries globally.

Azentio Software Private Limited is wholly owned by Funds advised by Apax Partners.

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