MyBank selects Path Solutions as technology solutions provider

Monday 23 March 2020 15:03 CET | News

Path Solutions has announced that it signed up MyBank for iMAL in Somalia, to provide software solutions and services.

iMAL is a banking platform which enables cross-asset risk management, straight-through processing, and supports transactions and investment processes including calculations and payments, collection and revaluation. It also helps financial institutions run and scale their business, minimising total cost of ownership.

Path Solutions will provide MyBank with an Islamic core banking suite in addition to branchless banking, and payments and personal financial management tools.

iMAL should facilitate the core areas of the bank including customer service, central bank reporting, facility management, as well as effective risk mitigation, Sharia compliance and internal controls to power the bank’s operations in the country.

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Keywords: Path Solutions, technology, partnership, MyBank Limited, Somalia
Categories: Banking & Fintech
Countries: Somalia
This article is part of category

Banking & Fintech