A start-up Islamic bank in Mauritania, Maurisbank, has opted for the core banking system of French supplier, SAB. The system, SAB AT, will be deployed on a Software as a Service (SaaS) basis and the implementation, starting on 2nd January 2013, is expected to take six months.
In selecting SAB, the bank has rejected a number of systems that are already live in the country, including Path Solutions’ iMAL, which supports Mauritania’s first Islamic bank and has recently clocked up second and third Islamic takers here, Banque Populaire de Mauritanie (BPM) and Bank Al Muamelat Assahiha………………………………………..Full Article: Source