Growing awareness of Islamic banking products and their benefits have increased the demand for innovative Islamic banking products and solutions. Banks require innovative solutions to not only deliver these options to customers, but also address the numerous challenges in today’s increasingly complex business environment such as keeping up with emerging technologies, ensuring compliance with changing regulations, and customer demand for more personalized and customized experiences.

Islamic investing is grounded in Islamic finance principles, which aims to meet investors’ financial needs with integrity and in a manner that is fair, trustworthy, honest and ensures a more equitable wealth distribution. Islamic investing is beginning to be seen not only as a religiously guided investment but also as an ethical form of investing that promotes real economic activities that are socially desirable.

An End-to-end Investment Management solution.

Over the last two decades, Africa's monetary systems have advanced. However, most Africans still lack access to credit and other forms of credit-based financial services despite liberalization, privatization, and stability. Most African financial institutions have enough capital and liquid assets. Although deeper, wider, and cheaper financial resources have been made available, they have yet to bear fruit. Over the last 20 years, Africa has made great strides in tightening banking regulation, leading to far more stable financial institutions.

ITS was pleased to announce that it has signed a definitive agreement with Amal Bank in Somaliland, that entails the delivery of a wide set of financial solutions that include assistance in disaster recovery (DR) Site and host services in its Datacenter.

The deal will further support the ongoing mission of ITS and Amal bank to offer the latest innovative, customized, and Shariah-compliant financial products and services.

For many years the GIFA has honoured the best organizations impacting Islamic banking. ITS has been named the Best Islamic Finance Technology Provider in the 12th annual GIFA Awards ceremony. This award was a great source of motivation to keep providing the best resourceful services and solutions.

Aquila today announced the acquisition of Asesorias Computacionales Neosoft SpA. (“Neosoft”), a comprehensive regulatory reporting and compliance management system for banks and financial institutions across Chile and Latin America.

PaymentComponents, a pioneer in ISO20022 migration projects, has fortified its Finaplo Financial messaging solution with FedNow payments.

iProov, the world leader in face biometric verification and authentication technology, announced today that Nicole Rowe has joined the organization as Chief Marketing Officer (CMO). In this role, Rowe is responsible for overseeing iProov’s brand awareness, go-to-market strategies, global communications program, demand generation, and revenue team support.