Share News Articles

Award honours the ‘Most Impactful Project’ implemented for FinZey Finance in Saudi Arabia

SINGAPORE, December 15, 2022 – 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.

The award recognizes the outstanding implementation of Azentio’s Kastle Universal Lending – Islamic solution at FinZey Finance, a leading provider of Sharia-compliant financing solutions in the Kingdom of Saudi Arabia (KSA).

Nikhil Gokhale, Head of Research at IBS Intelligence, said, “Azentio’s Kastle Digital provided FinZey Finance with a single solution for both web portal and mobile channels, thus providing a common UI, user experience, and multilingual support. Moreover, it solved the company’s requirements for a digital solution for customer onboarding, end-to-end loan processing and customer service

with online payment options. Congratulations to Azentio for their well-deserved win in the category ‘Best Digital Lending and Collections Implementation: Most Impactful Project’.”

The IBSi Global FinTech Innovation Awards identify and honour technology players, banks and financial institutions for their excellence in driving impact through technology implementations and innovations using emerging technologies. The current edition of the awards program saw 151 nominations from 47 countries.

Azentio’s implementation made the cut at the IBSi awards primarily for an outcome-driven deployment, helping FinZey Finance centralize operations, automate core processes, integrate multiple service providers (including the payment gateway); in addition to accelerating speed-to-market, enhancing process efficiencies and delivering superior customer experiences.

Primarily, a technology solution for retail Tawarruq financing, Azentio’s FinZey Finance project also covered a range of other value additions, such as interfaces with Saudi National Digital Identity (Nafath), SIMAH enquiry & data reporting, the Nafith platform, Emdha digital signature, and Tahaqiq mobile verification. The project also included Azentio’s Amlock financial crime detection and management solution, and internet and mobile platforms for customer onboarding, among others.

Tony Kinnear, Chief Executive Officer of Azentio, commented, “It is an honour for Azentio to win the ‘Best Digital Lending and Collections Implementation Award for the Most Impactful Project’ from a globally reputed organization like IBS Intelligence. This award is a testament to our focus on ensuring that our full suite of Islamic banking solutions enhance our clients’ processes and productivity, while guaranteeing product and service innovation in Islamic finance with AAOIFI-certified products.”

It is worthy to note here that Azentio Software had achieved high rankings across multiple categories in the IBSi Sales League Table (SLT) Report 2022, securing the topmost positions at the IBSi SLT Industry Leader Special Awards in two categories, namely, Credit Scoring and Domestic Leader | ASEAN.

About FinZey Finance
KSA-based FinZey Finance is a microfinance fintech firm specialized in providing financing solutions that are compatible with the provisions of Islamic Sharia, and is subject to the supervision and control of the Central Bank of Saudi Arabia (SAMA). The company offers short-term, customized personal loans over their digital platform.

About IBS Intelligence
Established in 1991, UK-headquartered International Banking Systems Intelligence (IBSi) is the leading pure-play financial technology research, advisory, and media firm, with global coverage, and a 360° portfolio of intelligence offerings. For over 30 years, IBSi’s 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.

Share News Articles

For more daily updates

Looking to learn more about our platforms?

Azentio Software’s iMAL is now live at Rammis Bank, Ethiopia

Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, today announced that the latest version of its Islamic banking solution - iMAL, has gone live at Rammis Bank, a newly launched financial institution in Ethiopia specializing in Sharia-compliant products and services.

HTC Global Services and Azentio Software Confirm Strategic Partnership to Offer Next-Generation Digital BFSI Solutions

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 wins the Best Digital Lending Platform Award at the 10th Africa Bank 4.0 Summit

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 wins the Best Anti-Money Laundering Solution Award at India Fraud Risk Management Summit & Awards 2023

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 Leading Research Firm’s Digital Banking Engagement Platforms Report

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’s iMAL™ R14.6 awarded AAOIFI’s compliance certification for 2023

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 wins the Best Digital Lending & Collections Implementation Award

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.

National Bonds in UAE selects Azentio’s iMAL

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 wins Excellence in Islamic Banking Solutions Award 2022

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 recognized in Anti-Money Laundering Solutions, Q3 2022 report

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.

Banque Populaire de Mauritanie goes live with Azentio’s iMAL

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 ranked as Regional Pursuer in New Deals in Global Banking Platform Deals Survey 2022

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.

APS Islamic Microfinance goes live successfully with Azentio’s iMAL™

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.

Azentio Software wins Islamic Digital Banking Provider Award 2022

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™.

Ghana’s BigPay goes live with Azentio’s Amlock™

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 wins ‘Excellence In Digital Banking Solutions’ Award 2022

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 included in Now Tech: Anti-Money Laundering (AML) Solutions, Q1 2022 report

Azentio Software announced today its inclusion in Forrester’s Now Tech: Anti-Money Laundering (AML) Solutions, Q1 2022 report.

Bank of Abyssinia (“BoA”) has gone live with iMAL*IslamicFinancing & iMAL*ProfitCalculationSystem

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 Middle East appraised at Maturity Level 5 of CMMI V2.0 Model

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.

Tier 1 bank in Tanzania chooses Kastle™

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.

Proud to announce: Azentio awarded AAOIFI’s certificate of compliance for iMAL™ R14.5

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).

Azentio wins 5 key awards at IBS Intelligence Global FinTech Innovation Awards 2021

 Azentio Software (“Azentio”), a Singapore-headquartered software products business owned by funds advised by Apax Partners, today announced that it has won five awards at the IBS Intelligence (IBSi) Global FinTech Innovation Awards 2021.

Azentio’s acquired company, Path Solutions is announced winner in 3 categories at Fintech Prize 2021

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.

Leading Ethiopian bank selects Amlock™

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.

Ghanaian fintech start-up selects Amlock™

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 Software acquires Path Solutions

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.

CEO, Anthony Kinnear’s interview in Mergermarket

Apax Partners–backed Azentio flags Asia, MEA as key markets for organic growth, bolt-on

Azentio Software announces the acquisition of Beyontec Solutions

Azentio Software is pleased to announce that it has signed a binding agreement to acquire Beyontec, a leading insurance technology company.

Azentio Software Acquires Candela Labs

Azentio Software is pleased to announce that it has acquired Candela Labs, a technology firm specialising in automation and digital solutions for insurance firms.

Azentio Software ranked among top players by the IBS Intelligence Sales League Table 2021

Azentio Software’s products Kastle™ Universal Lending Solution and Amlock™ make it to the IBSI SLT Leadership Club 2021.

Azentio Software appoints Tony Kinnear as CEO

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.

Azentio Software, a wholly owned company by Apax Partners, acquires 3i Infotech’s software product business

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’s iMAL is now live at Rammis Bank, Ethiopia

Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, today announced that the latest version of its Islamic banking solution - iMAL, has gone live at Rammis Bank, a newly launched financial institution in Ethiopia specializing in Sharia-compliant products and services.

Read more
HTC Global Services and Azentio Software Confirm Strategic Partnership

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.

Read more
Azentio Software wins the Best Digital Lending Platform Award

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.

Read more
Azentio Software wins the Best Anti-Money Laundering Solution Award

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.

Read more
Azentio Software recognized as a Notable Vendor in Leading Research Firm’s Digital Banking Engagement Platforms Report

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.

Read more
Azentio Software’s iMAL™ R14.6 awarded AAOIFI’s compliance certification for 2023

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.

Read more
Azentio Software wins the Best Digital Lending & Collections Implementation Award

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.

Read more
National Bonds in UAE selects Azentio’s iMAL

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.

Read more
Azentio Software wins Excellence in Islamic Banking Solutions Award 2022

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.

Read more
Azentio Software recognized in Anti-Money Laundering Solutions

Azentio Software announced that it has been named as a Contender in The Forrester Wave™: Anti-Money Laundering Solutions, Q3 2022 report.

Read more
Azentio achieves leadership position in the IBS Intelligence Sales League Table 2022

Azentio Software is pleased to announce it has achieved high rankings across multiple categories in the IBS Intelligence (IBSi) Sales League Table (SLT) 2022.

Read more
Banque Populaire de Mauritanie goes live with Azentio’s iMAL

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.

Read more
Azentio ranked as Regional Pursuer in New Deals in Global Banking Platform Deals Survey 2022

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.

Read more
APS Islamic Microfinance goes live successfully with Azentio’s iMAL™

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.

Read more
Azentio Software wins Islamic Digital Banking Provider Award 2022

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™.

Read more
Ghana’s BigPay goes live with Azentio’s Amlock™

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).

Read more
Azentio wins ‘Excellence In Digital Banking Solutions’ Award 2022

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.

Read more
Azentio included in Now Tech: Anti-Money Laundering (AML) Solutions, Q1 2022 report

Azentio Software announced today its inclusion in Forrester’s Now Tech: Anti-Money Laundering (AML) Solutions, Q1 2022 report.

Read more
Bank of Abyssinia (“BoA”) has gone live with iMAL*IslamicFinancing & iMAL*ProfitCalculationSystem

Azentio Software successfully delivered in record time its Shariah-compliant profit calculation and distribution system for Bank of Abyssinia’s Islamic window operations.

Read more
Azentio Software Middle East appraised at Maturity Level 5 of CMMI V2.0 Model

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.

Read more
Tier 1 bank in Tanzania chooses Kastle™

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.

Read more
Proud to announce: Azentio awarded AAOIFI’s certificate of compliance for iMAL™ R14.5

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).

Read more
Azentio wins 5 key awards at IBS Intelligence Global FinTech Innovation Awards 2021

 Azentio Software (“Azentio”), a Singapore-headquartered software products business owned by funds advised by Apax Partners, today announced that it has won five awards at the IBS Intelligence (IBSi) Global FinTech Innovation Awards 2021.

Read more
Azentio’s acquired company, Path Solutions is announced winner in 3 categories at Fintech Prize 2021

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.

Read more
Leading Ethiopian bank selects Amlock™

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.

Read more
Ghanaian fintech start-up selects Amlock™

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.

Read more
Azentio Software acquires Path Solutions

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.

Read more
CEO, Anthony Kinnear’s interview in Mergermarket

Apax Partners–backed Azentio flags Asia, MEA as key markets for organic growth, bolt-on

Read more
Azentio Software announces the acquisition of Beyontec Solutions

Azentio Software is pleased to announce that it has signed a binding agreement to acquire Beyontec, a leading insurance technology company.

Read more
Azentio Software Acquires Candela Labs

Azentio Software is pleased to announce that it has acquired Candela Labs, a technology firm specialising in automation and digital solutions for insurance firms.

Read more
Azentio Software ranked among top players by the IBS Intelligence Sales League Table 2021

Azentio Software’s products Kastle™ Universal Lending Solution and Amlock™ make it to the IBSI SLT Leadership Club 2021.

Read more
Azentio Software appoints Tony Kinnear as CEO

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.

Read more
Azentio Software, a wholly owned company by Apax Partners, acquires 3i Infotech’s software product business

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.

Read more
CONNECT WITH AZENTIO

Always Here. Always Listening. We're Just A Phone Call Away

We are happy to hear from you and answer your questions. Let's begin our journey together.

Reach Us
Loading...