Trustbank Amanah goes live on Path Solutions’ iMAL core banking system
Trustbank Amanah, the first Islamic bank in Suriname, has gone live with its new core banking system, iMAL from Path Solutions.
The bank, formerly known as Trustbank Suriname, has switched from conventional to Islamic banking business model – “a major milestone in the South American banking system as large banks in South America are tipped to tap into growing Shari’ah-compliant demand”, Path states.
“A project of such complexity was executed in a record breaking timeframe by the joint team,” says Maureen Badjoeri, Trustbank Amanah CEO.
As reported earlier, Trustbank went to market to find a new core banking system last year, with iMAL beating Oracle FSS’s Flexcube and Temenos’ T24 offerings to the deal.
Trustbank has operating since the late 1980s, providing savings, loans, investments and asset management.