Bank of Khartoum International live on Path Solutions’ iMAL core system
Bahrain, home of BOK International
Bank of Khartoum (BOK) has opened its first international branch, underpinned by Path Solutions’ iMAL core banking system. The branch is located in Bahrain.
Path Solutions is a long-standing tech supplier to the Sudanese bank, but says that iMAL “was chosen over competitors’ systems” for the BOK International project.
BOK International focuses on products and services for corporates and high net-worth individuals, based on Shari’ah principles.
It is the first Sudanese bank holding an Islamic banking branch licence in Bahrain.
iMAL supports customer service management (CSM), accounting, trade finance, facility management, Islamic investment, fixed assets, batch processing, report designer, Swift, and store and forward engine (SAFE) at BOK International. It also covers the data replication of all above modules, Path adds.
“We are aiming to grow our business tenfold over the next three years in Bahrain”, states Fadi Al Faqih, group CEO of BOK. He says that Path’s “broad experience” and the turnkey nature of its offering “were crucial to the deal”.
