Islamic finance software provider, Path Solutions has announced that Burj Bank Limited, Pakistan, a key subsidiary of the Islamic Corporation for the Development of the Private Sector (ICD) Group has gone live on iMAL Islamic Core Banking System in just nine months across all the 75 branches countrywide replacing legacy system Symbols from SunGard.
With the successful roll-out of iMAL at Burj Bank, Path Solutions has executed a record core banking replacement for projects of similar size. The implementation of iMAL, which was a key part of the bank’s transformation initiatives has started in May 2012 and was completed on Monday 4 February 2013………………………………………..Full Article: Source