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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.

For more information, visit: www.azentio.com

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A leading Life Insurer in Thailand has gone live with Azentio Insurance’s document management system in September 2021. The client is an existing user of Azentio Insurance’s group life core solution – a dynamic, bilingual advanced application with innovative process automation features and a proven track record of benefitting life insurers globally.

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A leading insurer in Thailand has gone live with Azentio™ digital solutions

A leading insurer in Thailand has gone live with Azentio™ Insurance’s digital policy servicing and digital claims transactions solutions helping bring basic automation and ensuring their team can perform their daily operations from home during the pandemic.

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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.

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Shinhan Life Insurance, Vietnam Chooses Azentio's Portal Solutions

Shinhan Life Insurance, Vietnam (SHLV), a life insurance subsidiary of Shinhan Financial Group, Korea chooses Premia’s™ end-to-end bilingual web portal solution. The digital front-end is an interactive insurance solution helping insurance companies increase cost savings and sales capabilities.

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A leading insurer in the Philippines selects Premia™ Astra

A leading insurer in Philippines, has selected Premia™ Astra, an end-to-end integrated solution built on contemporary technology. Implementing the solution will help the insurer deliver better quality products and services and engage strongly with their customers.

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A Leading Japanese Insurer Chooses Azentio's Digital Solutions

A leading Japanese non-life Insurance service provider has chosen Premia’s™ eCargo web portal, claims mobile application, and motor mobile application, part of Premia’s™ digital solutions to strengthen its operations in Egypt.

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Fidelity Printers and Refiners Pvt. Ltd. goes live with Orion™11j ERP

We are happy to announce that Fidelity Printers and Refiners Pvt. Ltd. – Zimbabwe, has gone live with Orion™11j ERP. This programme was completed in just four months starting from April 2021. The first phase of the programme went live in August 2021 and the project is on track to complete two additional modules shortly.

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Al Huraiz Est. goes live with Orion™11j ERP Suite

We are delighted to announce that Al Huraiz Est., a conglomerate in the UAE dealing in a wide range of industrial verticals, has gone live with our Orion™11j ERP suite.

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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.

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AFNIC selects Orion™11j

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.

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MFund Plus™ recognized in The Wealth Mosaic’s APAC WealthTech Landscape Report 2021

MFund Plus™ – Wealth & Asset Management Platform recognized in The Wealth Mosaic’s APAC WealthTech Landscape Report 2021

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An Insurtech leader excels in global market expansion by embracing adaptive transformation

Romil Turakhia, Head of Markets at Azentio in conversation with the team from Co Mantis, our partner in Europe.

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CEO, Anthony Kinnear’s interview in Mergermarket

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

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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.

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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.

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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.

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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.

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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.

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