Azentio to acquire software assets from Path Solutions
Summary
These software products help Islamic banks with digital transformation, deliver frictionless customer experience and drive long term sustainable growth. Path Solutions’ team of domain and technical specialists will further augment Azentio’s capabilities as it aims to become the leading BFSI software company across the Asia Pacific (APAC), the Middle East and Africa (MEA). Tony Kinnear, CEO, Azentio, commented, “The acquisition has great significance for us, as it adds scale and depth to Azentio’s Islamic and core banking offerings and further reinforces our vision and resolve to be a regional leader in the BFSI software space across APAC, MEA and emerging markets. We complement each other well, with both organizations focused on making a real difference to our clients.” Mohammed Kateeb, Group Chairman and CEO, Path Solutions said, “Path Solutions has been a leader in the segment providing feature-rich core banking software specialized for Islamic banks and financial institutions. Joining with Azentio now puts wind beneath our wings to accelerate our journey and deliver at a greater scale and speed to meet industry demands.
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