Kurdistan Bank chooses Azentio for iMAL core banking system – FinTech Futures

Kurdistan International Islamic Bank (KIB) has partnered with Azentio Software to implement the iMAL core banking platform. Through this partnership, KIB aims to accelerate the launch of new Sharia-compliant products in various financial areas, such as finance, investments, deposits, treasury, and capital markets. The iMAL platform will also provide the bank with security features, such as financial crime management and anti-money laundering capabilities, to mitigate suspicious transactions. KIB’s chairman, Sheikh Salar Hakim, believes that the digital transformation enabled by iMAL will improve the bank’s competitiveness and operational efficiency.