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SINGAPORE, May 23, 2022 – Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, announced today that it has won the ‘Islamic Digital Banking Provider of the Year’ award at the prestigious MEA Finance Banking Technology Summit & Awards 2022, for its Shariah-compliant core banking platform offering – iMAL™.
The award was formally presented at a ceremony held in Dubai, UAE on Thursday, May 19. The award program, organized by MEA Finance, the region’s only banking and finance media brand, recognizes and celebrates the achievements of the region’s leading banks, financial institutions and technology providers at the forefront of digital transformation who have worked together to build smarter, more effective and efficient systems for the 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), has been helping Islamic as well as conventional financial institutions drive truly digital transformation to achieve enhanced customer experiences, insight-driven interactions and pervasive 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 making it one of the most comprehensive Islamic solutions available today, which is accentuated by the fact that more than 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, stated, “iMAL™’s steadfast support for the Islamic banking sector has been fabulous over the years. By combining Shariah principles and innovative digitalization technologies, the solution has been helping the MEA region’s financial institutions to transform the way they do business to onboard, delight and retain tech-savvy customers. In this regard, we feel very happy to accord our ’Islamic Digital Banking Provider’ award to Azentio Software, the leading supplier of iMAL™.”
Tony Kinnear, Chief Executive Officer of Azentio, commented, “We feel greatly honoured to receive this award from MEA Finance. The region’s growing internet penetration, mobile phone usage, and the burgeoning digital-savvy population have all combined together to prompt both banks and regulators to accelerate the adoption of digitalization and models like open banking in Islamic financial services, especially in the aftermath of the Covid-19 pandemic. In this context, we feel humbled by the regional banking sector’s consistent trust in our multi-award winning iMAL™.”
For Azentio, the MEA Finance’s ’Islamic Digital Banking Provider’ award comes on the heels of winning the ’Best Islamic Banking Implementation Award for the Best Project Implementation‘ at a bank in Sudan using the iMAL™ platform.
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 and Africa’s capital markets. MEA Finance’s articles, events and data are accessible across many platforms – digital, online, print, webinars, virtual and actual events, awards, memberships and polling.
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Azentio Software successfully delivered in record time its Shariah-compliant profit calculation and distribution system for Bank of Abyssinia’s Islamic window operations.
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Azentio Software (“Azentio” or the “Company”), a Singapore-headquartered software products business owned by Funds advised by Apax, is pleased to announce that it has appointed Tony Kinnear to the role of Chief Executive Officer (CEO), effective immediately.
3i Infotech Limited, a global information technology company, today announced that it has entered into a definitive agreement to sell its Software Products business to funds advised by Apax Partners, for a total consideration of INR 10 billion.
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners announced today that Yemen-based Tadhamon Bank, one of the largest Islamic financial institutions in the Middle East and North Africa (MENA) region, upgraded to and is live with the latest version of iMAL, Azentio’s industry-leading digital Islamic core banking platform.
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, today announced it has won awards in three categories at the recent Global BankTech Awards 2023.
Azentio Software (“Azentio“), a Singapore-based software products company owned by funds advised by Apax, is delighted to announce the appointment of Sanjay Singh as its new Chief Executive Officer. This strategic move marks
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners - offering a range of innovative software products - has been featured in Celent’s recently published Technical Capabilities Matrix, a part of the report, Financial Crime Compliance Technology: AML Transaction Monitoring Edition – 2023. Azentio’s AML Transaction Monitoring has been identified under the ‘Noteworthy Solution’ category in the report published by Celent, the leading research and advisory firm focused on technology for financial institutions.
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HTC Global Services, a US-based information technology and business process outsourcing services company, is proud to announce its strategic alliance with Azentio Software, a leading software products company headquartered in Singapore, to provide cutting-edge digital BFSI solutions. This new partnership will enable Azentio’s clients and channel partners in the banking and financial services industry to become future-ready organizations, and stay ahead of the curve with innovative, world-class solutions to support their core businesses.
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, has won the Best Digital Lending Platform Award at the 10th Africa Bank 4.0 Summit – Pan Africa, held on 7-9 March at Radisson Blu Hotel, Nairobi, Kenya.
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, has announced that it has won the Best Anti-Money Laundering Solution Award at the India Fraud Risk Management Summit & Awards 2023. The award was presented to Azentio at a well-attended ceremony on 10 February at Hotel Novotel, Mumbai.
Azentio Software recognized as a Notable Vendor in the Digital Banking Engagement Platforms (DBEPs) Landscape Report, Q1 2023, published by leading research and advisory firm Forrester.
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, announced today that iMAL™ R14.6, the latest version of the company’s Islamic core banking platform, has successfully gone through the annual compliance exercise and received the certification for the year 2023 from the Accounting and Auditing Organization for Islamic Financial Institutions - AAOIFI, the world’s leading Islamic finance standard-setting body.
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, announced today that it has won the ‘Best Digital Lending and Collections Implementation Award for the Most Impactful Project’ at the 4th edition of the IBS Intelligence (IBSi) Global FinTech Innovation Awards 2022.
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds managed by Apax Partners, announced today that National Bonds, the UAE’s leading Shariah-compliant savings and investment company owned by the Investment Corporation of Dubai, has selected Azentio’s market leading Islamic Banking solution, iMAL, to support its quest to improve process efficiency, enhance internal controls and deliver an exceptional customer experience as part of National Bonds ambitious growth strategy.
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, announced today that it has won the ‘Excellence in Islamic Banking Solutions’ award at Finnovex Saudi Arabia 2022, for the Azentio ONEBanking Islamic Software Suite, an industry-leading technology and best-selling Islamic core banking suite globally.
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, announced today that it has won the ‘Best Wealth & Investment Technology Company’ award at the Wealth & Investment Summit & Awards 2022, for the MFund Plus™ Investment Management Suite, its flagship software product for capital markets.
Azentio Software announced that it has been named as a Contender in The Forrester Wave™: Anti-Money Laundering Solutions, Q3 2022 report.
Azentio Software is pleased to announce it has achieved high rankings across multiple categories in the IBS Intelligence (IBSi) Sales League Table (SLT) 2022.
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, today announced that Banque Populaire de Mauritanie (BPM), one of the largest financial institutions (FIs) in Mauritania, has gone live with the R14.5 version of iMAL, Azentio’s Core Banking Platform, to meet the multiple technology requirements imperative for its planned business growth.
Azentio is pleased to announce it has progressed across multiple categories in the Global Banking Platform Deals Survey 2022, published by leading research and advisory firm Forrester.
Azentio Software is pleased to announce that it has delivered a swift launch of its iMAL™ platform at APS Islamic Microfinance Co. Ltd, a subsidiary of APS International, the leading international money transfer service provider in The Gambia.
SINGAPORE, May 23, 2022 – Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, announced today that it has won the ‘Islamic Digital Banking Provider of the Year’ award at the prestigious MEA Finance Banking Technology Summit & Awards 2022, for its Shariah-compliant core banking platform offering – iMAL™.
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, announced today that BigPay, a Ghana-based global digital payment solutions company, has gone live with Amlock™, Azentio’s Financial Crime Detection and Management Solution (FCDMS).
Azentio Software announced today that it has won the ‘Excellence In Digital Banking Solutions’ Award at the eminent Finnovex East Africa Summit 2022, for its Kastle™ Digital Solution.
Azentio Software announced today its inclusion in Forrester’s Now Tech: Anti-Money Laundering (AML) Solutions, Q1 2022 report.
Azentio Software successfully delivered in record time its Shariah-compliant profit calculation and distribution system for Bank of Abyssinia’s Islamic window operations.
Azentio Software is pleased to announce that its Middle East Banking Division has been appraised at Level 5, the highest maturity level of the CMMI Institute’s Capability Maturity Model Integration (CMMI)® for New Product Release and Implementation.
Our client, a Tier 1 bank in Tanzania, has signed a deal with Azentio for the implementation of Azentio Banking’s Kastle™ Corporate Loan Origination System (C-LOS). This will be Azentio’s first direct solution implementation deal in the country for any variant of Azentio Banking’s Universal Banking Solution.
iMAL™ R14.5, the latest version of the company’s Islamic core banking platform, has successfully completed the annual certification review for the year 2022 by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).
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A leading Ethiopian private commercial bank has selected Amlock™, Azentio’s Financial Crime Detection and Management Solution, to ensure compliance with Ethiopian and international anti-money laundering (AML) regulations.
A cutting edge fintech start-up based out of Ghana has chosen Amlock™, Azentio’s Financial Crime Detection and Management Solution, to meet its anti-money laundering (AML) compliance and international money transfer monitoring requirements.
Azentio is pleased to announce the signing of a binding agreement to acquire certain software assets from Path Solutions (including the flagship products iMAL™, iShraq™, Path Digital and Path Analytics), a leading provider of core banking software.
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Azentio Software’s products Kastle™ Universal Lending Solution and Amlock™ make it to the IBSI SLT Leadership Club 2021.
Azentio Software (“Azentio” or the “Company”), a Singapore-headquartered software products business owned by Funds advised by Apax, is pleased to announce that it has appointed Tony Kinnear to the role of Chief Executive Officer (CEO), effective immediately.
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