Aafaq Islamic Finance goes live on Infosys Finacle
UAE institution revamps payments, core, and Islamic functions.
Islamic Banking
Bank Assafa goes live on iMAL core banking system
Moroccan bank goes live after 18-month implementation period.
Telenor Microfinance Bank selects Temenos T24 as new core banking system
Pakistani institution uses NDC as implementation partner.
Sudan’s Al Khaleej Bank selects Path Solutions and iMAL
Islamic bank looks to become leader in its market.
Islamic banking app Niyah launches in UK
The challenger says the UK’s Muslim community has been “financially isolated”.
EXCLUSIVE: Meezan Bank undergoes digital revamp with Oracle
One of Pakistan’s largest Islamic banks to implement Oracle’s Banking Digital Experience.
EXCLUSIVE: Oracle wins new core banking deals in Sudan, Somalia & Libya
Oracle has won and extended plenty of African deals in the past few months.
Ziraat Participation Bank in Sudan selects Path Solutions’ iMAL
Path to underpin the bank’s Islamic banking products.
Qatar International Islamic Bank picks IBM for fraud prevention
QIIB selects Big Blue for its mobile and online banking channels.
570easi launches French Islamic banking challenger SOeasi
570easi now holds a customer base of more than 90,000.
Islamic challenger bank insha launches in Germany
New entrant wants to place the daily life of a Muslim at the centre of its offering.
iSunOne to build world’s first Islamic blockchain financial system
The firm will work directly with the Malaysian government.
Ethical investment platform Yielder completes Series A funding round
Yielders has set its sights on securing licenses in Pan-Asia and the GCC.
R3 partners with Wethaq to digitise Islamic capital markets
The platform will make Sukuk more accessible.
Oromia International Bank goes live with ICS Banks core banking system
OIB’s end-of-day processing has been reduced to less than 30 minutes as a result.
New user in Libya for Oracle’s Flexcube core banking system
EXCLUSIVE: Greenfield bank Yaqeen Bank signs for front-to-back office tech from Oracle FSS.
Bank of Khyber picks Temenos for front-to-back office tech overhaul
National Data Consultants (NDC) was selected as the system integrator for the project.
UK and Turkey push Islamic finance through fintech
TheCityUK and Borsa Istanbul set out their ambitions.
Palestine Islamic Bank goes digital with Temenos to the core
Infinity and T24 Transact will support the bank’s digital transformation.
People’s Bank of Zanzibar goes live with ICSFS core system
State-owned bank made its selection in late 2016.
RHB Bank gets modern capital markets tech with Murex
Malaysian deploys Murex’s MX.3 tech for its Islamic and conventional treasury and capital markets (TCM) operations.
Al Rajhi Bank turns to Temenos for digital revamp
Saudi Arabia’s second largest bank plans “complete renovation”.
New Iraqi bank Al Mustashar goes live with ICSFS core system
Platform was launched and rolled out in three months.
Top ten banking tech case studies in 2018
Banks and FIs from around the world share their tech modernisation experiences.
Hammurabi Commercial Bank in Iraq signs for ICS Banks
As the core banking supplier extends its footprint in Iraq.
Ahli United Bank signs up for retail payments with AFS
Utilising Android as PoS.
ITS gains first core banking system client in Tajikistan, Sohibkorbank
Sohibkorbank to implement ITS’s flagship Ethix core banking system.
Temenos gains new core banking tech client in Libya, Alejma’a Alarabi Bank
The project will be carried out by Temenos’ regional partner Prema Consulting.
Wahed Invest obtains $8m from existing investors
It claims to be the first Islamic fintech start-up to reach a valuation of $100 million.
Al Rajhi Bank signs for Murex treasury tech
One of the world’s largest Islamic banks signs for Murex’s MX.3 platform.
Al Salam Bank Bahrain revamps mobile banking with Clayfin
ASBB has launched a new mobile banking solution underpinned by Clayfin’s technology.
Bank of Khyber in new core banking system search
BOK looks to replace the Bank Essentials core from Sidat Hyder.
New bank in Morocco opts for Path Solutions’ iMAL core banking system
Start-up Islamic bank Bank Al-Tamweel Wa Al-Inma (BTI Bank) implements new front-to-back office tech.
MoneeMint to become Europe’s first ethical digital bank
Ummah Finance rebrands as MoneeMint to bring “fresh banking experience” to millennials.
Case study: Afghanistan International Bank – the road to hope
Afghanistan International Bank faces challenges far more extreme than for most of its counterparts around the globe.
Wahed Invest launches digital Halal investment platform in UK
All in good time for the first day of Eid.
Morocco’s Attijariwafa Bank chooses Path Solutions’ core system
Bank Assafa (subsidiary of Attijariwafa Bank Group) is Path’s third client in the country.
Albaraka Türk bank targets Europe with insha app launch
Aimed at Turkish citizens and Muslims living on the continent.
Al Baraka Bank Lebanon kicks off core banking revamp
It is a long-standing user of Misys’ (now Finastra) Equation.
Maalem Financing moves to Path Solutions’ iMAL Islamic core banking platform
Saudi Arabian firm will replace legacy systems.
