Path Solutions Corporate Overview

8/2/2019 Path Solutions Corporate Overview

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1Powering Islamic Financial Markets

Corporate Overview

Prepared by: Path Solutions, for Burj Bank




Path is a Kuwaiti Shareholding Company

Founded in November 1992 as an IT Consulting firm

Beirut development center October 2000

Bahrain support office October 2003

London support office February 2007

Kuala Lumpur support office September 2007

Karachi support office April 2009

Riyadh support office August 2009

Jakarta support office November 2009

Khartoum support office for December 2009

In 2010 we opened: Egypt, Dubai, Kenya, Singapore

Who are we

About Path




6 Employees in 1993

20+ Employees in 1997

64+ Employee in 2005



398 Employees in 2008

450 Employees in 2010

About Path ( Resources )

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1993 1997 2005 2006 2007 2008 2010

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Path offering consists of integrated business solutions and services for the

following major business segments:

Islamic Banks

Islamic Investment Companies

Islamic Consumer Finance Companies

Universal Banks

Investment Companies and Fund Managers

Who are we

Area of Focus




Path team constitutes of full time consultants in the areas of:

Finance

Banking & Investment

IT development

System Engineering

Accounting, Internal & System audit

Who are we

Our People




Who are we

AAOIFI-certified since November 2008

AAOIFI member since February 2001

IFSB Compliance

IAS Compliance

Basel II Compliance

In depth business know-how in the global

finance industry and in specific the Islamic

finance industry


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Scalable system

Platform Independent

Relational database

On-line transaction processing

Store & Forward

Object oriented development

Client server environment

Thin client architecture

Web enabled solution

Technology

Client centric

Built-in electronic workflow

Flexibility

Multi lingual

Open systems architecture

Database independent

True 24 x 7 operation

Modular / fully integrated system

Single version



2 Clients in 1992

7 Clients in 1997

13 Clients in 2001

24 Clients in 2005

59 Clients in 2008

74 Clients in 2010

About Path ( Client Base )

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National Investment Company

Selected client list



Islamic banking focus

• Gartner, a leading business analysis firm, has positioned Path Solutions in its recently released famed annual report the

“Magic Quadrant for International Retail Core Banking 2009”. In its first participation Path Solutions and iMAL have been

positioned in the Challengers quadrant defined by its high rating of the ability to execute and an undeniable list of strengths.

• Path Solutions was declared the “Best Technology Provider for 2008” in the Fourth Islamic Finance News Poll conducted

by Redmoney

• In December 2008, Path Solutions has been adjudged the Best IT Solutions Development Firm for the Year 2008 by

Lebanon-based Capital Issues of Data & Investment Consult group.

• i MAL is the 1st Banking Software to be certified by AAOIFI (Accounting and Auditing Organization for Islamic FinancialInstitutions).

• Path Solutions recently received the “Most Outstanding IT Company” Award at the KLIFF Islamic Finance Awards 2008.

• In October 2008, Path Solutions was the recipient of the Capital Issues Financial Award for the category of Best BankingSoftware Firm.

• Path Solutions won, early 2008, for the second time Sheikh Mohammed Bin Rashid Al Maktoum Award for its GlobalContinuing Contribution to Islamic Finance in IT.

• Path Solutions’ i MAL has been ranked Number One Islamic Banking Solution and the 4th Best Universal Banking Solutionin IBS 2007 Annual Sales League Table.

• i MAL has been recognized as the Best Islamic Finance Technology for 2007 at the Islamic Business & Finance AwardsCeremony.

• The Award of the Best Islamic Finance Technology Firm has been conferred to Path Solutions by Islamic Finance News, inthe Best Islamic Banks Poll 2006 organized by Redmoney.

• In 2006, Path Solutions has been nominated and chosen as an Award Winner of Sheikh Mohammed Bin Rashid AlMaktoum Islamic Finance Awards for Global Continuing Contribution to Islamic Finance in IT.

Awards and Achievements



Industry Expertise - No learning Curve

Industry evolvement commitment

Quick time to market products

Fully integrated modularized solution

User-autonomy solution capability

Path's commitment to continuous R&D

Customization / Interfacing

Swift implementation - Model bank

Complete system & project documentation – PC, PP, WSR, UMG, OMG,TMG, WP, other

Training and Transfer of Knowledge

Why Path?



All of Path's solutions are developed in-house, implemented by Path and

supported directly by Path

Our products



http://www.path-solutions.com

Path Solutions Corporate Overview

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