These solutions will be offered as standalone components which can be integrated with iMAL system or interfaced with any other core banking system. The company claims to be currently developing new solutions which are in R&D phase, and which will be launched in 2017-18. Path Solutions claims that they have leveraged these new solutions and supplied them to new customers in the last one year. They have also delivered the highly modular profit calculation and treasury solutions as separate modules interfaced with other core banking systems.
Functionality of iMAL
Corporate and retail banking, investment banking, financing, treasury and brokerage, settlement, risk management, funds and portfolios, trade finance, facility management, CIF, nostro and vostro management, profit calculation, accounting and MIS, private and personal banking, fixed assets, personnel and payroll, assets and liabilities management, shareholders registration and regulatory reporting.
Pie chart and user list
Strategically, Path Solutions is working towards building
a deeper relationship with Microsoft by basing their newer products on Microsoft technology. They are looking to incorporate systems like document management and AML into their product portfolio. In the future they will be creating products that deal with newer direct e-channels, Artificial Intelligence (AI) and Machine Learning (ML) which are likely to be the value drivers for their clients.
