Coveted industry recognitions for consistent value provided to financial institutions across domains and regions
SINGAPORE, April 30, 2024 – Azentio Software (“Azentio”), a Singapore-headquartered technology firm
owned by funds advised by Apax Partners, announced today that it has won three awards with its respective clients,
at the IBSi Digital Banking Awards 2024 ceremony, held as a part of the prestigious Cedar-IBSi Digital Banking & AI
Summit, on April 19 in Bengaluru, India. The company was declared Segment Winners I SME/Corporate Banking, Regional
Winners I Middle East & Africa, and Segment Winners I Compliance Management.
Organised by IBS intelligence (IBSi), one of the world’s leading financial technology research, advisory, and news
analysis firm firms, the annual award program honours technology players, Banking as a Service (BaaS) providers,
digital banks, neo banks, and challenger banks for their excellence in driving impact through technology
implementations and innovations using emerging technologies.
The Azentio Accolades
At the award ceremony: Azentio’s L Guru Raghavendran, Senior Vice President, Banking & Capital Markets (left);
Shruti Singh, Senior Consultant Presales – Banking & Capital Markets (2nd from right); and Gaurav Kedia, Chief
Financial Officer (right)
Azentio’s citations as Segment Winners I SME/Corporate Banking and Regional Winners I Middle East & Africa, were for
the successful implementation of the Azentio Banking Digital Lending platform at Consolidated Bank Ghana Limited
(CBG), one of the largest banks in Ghana. CBG has leveraged Azentio Banking to seamlessly integrate digital
processes and online services, thereby, enhancing customer experience with convenient, secure, and efficient banking
solutions. This digital shift not only streamlines operations for the bank but also reinforces its commitment to
modernizing the banking sector in Ghana.
Azentio was declared Segment Winners I Compliance Management for maximizing the technology benefits for Albilad
Investment Company (Albilad Capital), a leading provider of Islamic investment management solutions in the Kingdom
of Saudi Arabia (KSA), with its Azentio Banking Financial Crime Management (FCM) platform. Azentio FCM has emerged
as a cornerstone in Albilad Capital’s compliance strategy, offering a blend of regulatory adherence, operational
agility, and cost-effectiveness. Its robust features and seamless integration have not only fortified the
institution’s compliance framework but also positioned it as a trusted player in the regional financial landscape.
Nikhil Gokhale, Director – Research & Digital Properties at IBS Intelligence, stated,
“Congratulations to Consolidated Bank Ghana and Azentio for their win at the IBSi Digital Banking Awards 2024. By
using Azentio Banking, CBG has revolutionized its operations, improving customer service and operational efficiency.
Their strategic approach to digital innovation ensures ongoing growth and competitiveness in the finance sector.
At the same time, kudos to Albilad Capital and Azentio for winning the ‘Best in Compliance’ award. Albilad Capital’s
adoption of Azentio Banking Financial Crime Management has significantly enhanced compliance, efficiency, and
cost-effectiveness,” continued Nikhil. “The solution’s integration with the Saudi Arabian Monetary Authority (SAMA)
guidelines ensures strict adherence to anti-money laundering policies, establishing credibility in the business.”
Gaurav Kedia, Chief Financial Officer at Azentio Software, commented, “We are humbled and proud for
these multiple honours bestowed upon Azentio by the globally renowned IBSi, for our focus on bringing tremendous
value for clients with our innovative technology solutions. Azentio Banking Digital Lending gives maximum support
for scalability, compliance and digitalization, with its advanced cloud-native, auto-scalable, low-code/no-code, and
API-ready features that completely transform end-to-end lending processes for our clients and their customers.
Additionally, Azentio Banking FCM stands out as a highly parameterized, domain-agnostic platform that includes a
comprehensive AML solution and AI-driven analytical and investigative tools. These tools provide critical,
actionable intelligence to detect and prevent money laundering and fraudulent activities effectively. Clearly
Azentio helps its clients lead the way in modernization, transformation and innovation.”
Get more information on Azentio Banking here.
About IBS Intelligence
Established in 1991, UK-headquartered IBSi is one of the world’s leading pure-play financial technology (traditional
and new-age) research, advisory, and news analysis firms, with global coverage and a 360° portfolio of intelligence
offerings. For over 30 years, its expert teams have delivered independent, in-depth, actionable insights, with a
laser focus on everything from financial technology to the global banking, consulting, technology, and institutional
investor world. As an analyst firm, it covers 2,000+ fintech vendors in-depth globally.
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