Quick Go-Live at Bank of Khartoum

KUWAIT CITY: Path Solutions, a Kuwait-based banking systems provider, and Bank of Khartoum (“BOK”), Sudan’s largest Islamic commercial and retail bank, today announced the successful deployment of iMAL solution within an extraordinary project timeframe of only eight months, allowing BOK to have a very fast ROI, as per a press release.

With the iMAL Enterprise Islamic Banking & Investment System, BOK will be able to enhance its service capabilities to quickly roll out new Islamic products and services to its customers.

iMAL will also provide the bank centralized operations and risk management, thus enhancing its competitive edge and boosting profitability, it says. Bank of Khartoum claims it has put forth an aggressive vision of growth and expansion in the local market and the neighboring African countries.

This is another distinguished milestone achieved in the transformation of BOK,” stated Fadi Al Faqih, BOK General Manager. “Following thorough due diligence, we’ve started a technology-driven transformation initiative with Path Solutions’ iMAL at its heart. We believe that iMAL solution will bolster our entire IT infrastructure and contribute in upgrading business performance. The solution will also allow us to launch new distinguished products and services to our clients using the latest modern technologies.”

Commenting on the Go Live, Dr. Khalid Amir Osman, PhD, Head of IT at BOK, said, “We were pleasantly surprised when both the implementation time and the transfer of knowledge exceeded our initial expectations. This project implementation is absolutely a world record in the core banking implementations for banks of similar size. Path Solutions’ team performed fabulously by achieving high level of efficiency and customer satisfaction at once, and the project has been successfully delivered while meeting all specified project requirements. We are confident that with iMAL we will be moving into the next generation of banking.”

According to Alain Abou Khalil, Path Solutions’ VP Professional Services, iMAL solution was implemented through a complex architecture of distributed and centralized databases. SAFE was installed at 32 decentralized branches and 18 centralized branches of BOK.