The Asian Banker

Path Solutions and Hewlett-Packard announce strategic alliance
May 03, 2013

April 30th 2013 - Path Solutions, the global leader in the provision of Islamic banking software is proud to announce its partnership with Hewlett-Packard, the world’s largest technology company. This move will allow Path Solutions to provide complete turnkey solutions combined with a broad range of hardware server solutions to its customers and prospects.

“This partnership agreement was the result of the tremendous efforts of all team members working across departments and long stream of communication between the two companies”, explained Dora Mehyo, VP Product Management at Path Solutions. “The agreement is in line with Path Solutions’ strategy to continue to align its product portfolio with solution leaders by expanding to new service offerings”, she said.

Prior to signing the agreement, a benchmarking project was planned and executed by Path Solutions’ team and HP-European Performance Center’s experts. Benchmark results showed efficient servers’ resources utilization, in addition to very high transactions per second throughput confirming the capability of iMAL to serve large banks with reasonably equipped HP servers.

Banking transactions were a combination of transactions that are executed in a typical working day such as cash withdrawals, cash deposits, transfers, new accounts creations, investment settlement transactions, balance enquiries and new customers’ file creation.

“The goal behind this strategic alliance is to accelerate and optimize performance of IT users and deliver seamless, global products and services across all banking channels”, commented June Lydon, HP’s Alliance ONE Partner Manager MEMA. “We are delighted to port our technology to the impressive iMAL suite of Path Solutions, and look forward to working with them to ensure Islamic banking clients get the best from these two exciting technologies in a one-stop-shop”.


Re-disseminated by The Asian Banker

Categories: Technology & Operations
Keywords: Path Solutions, Hewlett-Packard

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