Jaiz International Bank licences Path Solutions’ iMAL
Jaiz International Bank was incorporated on 1 April 2003 as a public limited company with an authorised share capital of $18.5 Million which increased since then to about $170 Million. The bank has aggressive plans to be operational by 30 September. During its first year of operation, it is forecast to reach a total of 201,500 accounts, 6,203 term deposits, 168,809 savings accounts and 280,000 transactions. The bank selected Path Solutions iMAL after an extensive evaluation process involving a number of vendors.