Islamic finance is poised for further growth in the next few years. The industry is in need of customized technology solutions and interoperable systems offering a 360-degree view of processes. There is also a need to address the critical areas of risk and compliance. Also required is rapid time-to-market for innovative products, scalability to manage large volumes, and a competitive cost structure.
that allow banks to build new products rapidly and well ahead of the competition. It offers full range of banking products and services.
Encompassing Islamic products such as Murabaha, Musharaka, Istisna, Mudaraba, Ijara, as well as Takaful or insurance, the solution can help banks with:
Complete transaction life cycle support
Variety of deposits and financing arrangements
A wide range of foreign exchange activities, remittances, payment as well as card
360-degree views of the customer as well as of the bank
Enterprise-wide information relating to regulatory reporting, risk management
Compliance with the Shariah law, AAOIFI accounting standards, and IAS
- Enables platform flexibility, cost efficiency and unmatched scalability
- Allows for rapid product development and process configuration
- Enables innovation and development of new instruments