Azentio Software (“Azentio”), a Singapore-based technology company owned by funds advised by Apax Partners, announced today that its Azentio ONE Banking Islamic Software Suite, a cutting-edge technology and widely used core Islamic banking service, won the “Excellence in Islamic Banking Solutions” award at Finnovex Saudi Arabia 2022. The event is run under the auspices of the well-known Finnovex Global Series, which is devoted to the financial services sector.

On November 8, a spectacular ceremony in Riyadh, Saudi Arabia, attended by significant local members of the financial services sector and representatives from international technology businesses officially handed the prize to Azentio.

Azentio Islamic Banking Suite received the “Excellence in Islamic Banking Solutions” award in recognition of its exceptional record of assisting financial institutions accelerate their digital transformation, maintain high operational efficiency, and achieve their growth goals while scrupulously adhering to sharia law and constantly evolving regulatory requirements.

The Azentio ONE Banking Islamic Software Suite is a collection of Sharia-compliant software that covers the entire spectrum of Islamic finance, from investments to deposits through the treasury and capital markets, and positively addresses the needs for new, cutting-edge financial and investment products. The suite’s front-to-back-office capability, together with its unmatched scalability, customer focus, flexibility, and built-in parameterization, make it a preferred choice for a large customer base in more than 40 countries

Source: Prnewswire