Exclusive Interview: Mohammed Kateeb, Path Solutions’ Group Chairman and CEO

In an exclusive interview with INTO AFRICA, Mohammed Kateeb, Path Solutions’ Group Chairman & CEO shares that, “As pioneers and experts in Islamic banking software solutions and services, we often lead our clients by advising them on what world-class solutions look like. Our vision is to empower our clients with a powerful and innovative software platform to run their business efficiently and successfully”.

What are the major verticals for which you are offering software solutions?

MOHAMMED KATEEB: We have deep expertise in the development, consulting, and implementation of software solutions for the financial industry. More specifically, we offer software solutions for the banking, investment, financing, and microfinance institutions. Our software platform is dynamic and flexible and can be easily configured for the different markets we serve.

Path Solutions has been expanding in the past couple of years with new product launches. We are interested to know more about Artificial Intelligence solution.

MOHAMMED KATEEB: The technological revolution created choices and low switching cost to demanding customers, and banks realised that they need to understand their customers like never before. Failure to communicate with these customers at the right time, through the right channel, with the right offer will slowly wear away their customer base.

Analytics can hold the key to personalized experience and optimised performance, and thus allows informed decisions, actionable insights and trusted information. Our AI analytics solution is a key enabler to staying customer-relevant, by bringing together all pertinent information, predictive analytics to help banks with customer retention, detect fraudulent activities, and identify future events based on past happenings.

AI-powered analytics and deep learning procedures are an integral part of our platform and an essential component in creating the intelligent bank of the future. We want to make AI capability accessible to all banks regardless of their type and size to improve their efficiency, automate processes, and crucially provide personalized customer engagements.

What is the major unique selling point that sets you apart from your competition?

MOHAMMED KATEEB: We know that our success is dependent on ensuring that our clients are successful, and we are privileged to help some of the world’s most innovative Islamic financial institutions deliver outstanding service to millions of customers every day. We have earned this honour by helping our clients transform their transaction banking business dramatically, lowering their total cost of ownership, radically improving their time-to-market with innovative Islamic banking products and delivering a secure, scalable and highly available platform to underpin their business.

Today, our clients in 39 countries are leveraging our strategic vision and deep industry commitment to drive their business forward and keep their competitive edge. We believe that our specialization and focus on Islamic banking, when combined with our business and technical know-how, is the foundation of our success. However, what truly sets us apart is our values-based approach focused on a long-term partnership with our clients.

An extract from the INTO AFRICA July 2019 Edition: Trading Africa’s Prosperity. To read the full exclusive interview, please download by clicking: INTO AFRICA PUBLICATION: July 2019 EDITION.