New loan origination system for Mobilink Microfinance Bank
New customer for banking tech vendor Path Solutions in Pakistan
Pakistan-based Mobilink Microfinance Bank (MMBL, formerly Waseela Microfinance Bank) is implementing a new loan origination system, supplied by Path Solutions.
The solution is part of Path’s iMAL suite of tech products for Islamic banks and financial institutions.
“We have evaluated different local and international system vendors and selected iMAL solution which was meeting our requirements,’ says Ghazanfar Siddique, group head IT and operations at MMBL.
The vendor will also be able to provide “direct and adequate local support” to the bank, Siddique adds.
Path’s solution will be integrated with MMBL’s core banking platform, Temenos’ T24.
The project is part of the bank’s ongoing financial inclusion programme to extend its offerings to the unbanked areas of Pakistan.
“MMBL has been one of the early adopters of financial inclusion in Pakistan, and we are committed to ensure inclusive growth and sustainable development of our country”, Siddique states.
Path has a number of iMAL users in Pakistan, including BankIslami, United Bank and Summit Bank.
