Siraj Finance to oust ITS’s Ethix core banking system in favour of Path Solutions’ iMAL

UAE-based Islamic financial institution, Siraj Finance, is replacing ITS’s Ethix core banking system with iMAL from Path Solutions. The new platform will cover all main operations of Siraj Finance, including transaction processing, treasury, trade finance, investment management, profit calculation, credit bureau interface, Swift, electronic cheque clearing, provisioning and reporting. Abu Dhabi-based Siraj offers consumer and […]

Misys adds Islamic banking capabilities to platform

Banking technology vendor Misys has launched an Islamic banking platform called Misys FusionBanking Essence Islamic, as part of a plan to capitalise on the 17% annual growth in Islamic banking worldwide.