Path Solutions has signed Crédit du Maroc as the bank’s single financial software partner for its newly launched participative banking window.
Earlier this year, Morocco’s Committee of Credit Institutions issued a favourable opinion on the application submitted by Crédit du Maroc for the launch of a participative window.
Crédit du Maroc offers a comprehensive range of retail banking, corporate and investment banking services and selected Path Solutions after an international request for proposals.
“We looked to partner with a core banking system provider who has delivered pure Sharia-compliant solutions for major Islamic banks and Path Solutions clearly stood out in this respect”, said Abdelali Bennouna, director of the participative window of Crédit du Maroc.
Mohammed Kateeb, Path Solutions’ group chairman and CEO said, “We are pleased to be the partner of choice to CDM to help start the new journey towards participatory banking.”