Azentio Software wins three honours at IBSi Digital Banking Awards 2024

Coveted industry recognitions for consistent value provided to financial institutions across domains and regions

SINGAPORE, April 30, 2024 /PRNewswire/ -- Azentio Software ("Azentio"), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, announced today that it has won three awards with its respective clients, at the IBSi Digital Banking Awards 2024 ceremony, held as a part of the prestigious Cedar-IBSi Digital Banking & AI Summit, on April 19 in Bengaluru, India. The company was declared Segment Winners I SME/Corporate Banking, Regional Winners I Middle East & Africa, and Segment Winners I Compliance Management.

Organised by IBS intelligence (IBSi), one of the world's leading financial technology research, advisory, and news analysis firm firms, the annual award program honours technology players, Banking as a Service (BaaS) providers, digital banks, neo banks, and challenger banks for their excellence in driving impact through technology implementations and innovations using emerging technologies.

The Azentio Accolades

• Digital Badge of Segment Winners I SME/Corporate Banking
• Digital Badge of Regional Winners I Middle East & Africa
• Digital Badge of Segment Winners I Compliance Management

Azentio's citations as Segment Winners I SME/Corporate Banking and Regional Winners I Middle East & Africa, were for the successful implementation of the Azentio ONEBanking Digital Lending platform at Consolidated Bank Ghana Limited (CBG), one of the largest banks in Ghana. CBG has leveraged Azentio ONEBanking to seamlessly integrate digital processes and online services, thereby, enhancing customer experience with convenient, secure, and efficient banking solutions. This digital shift not only streamlines operations for the bank but also reinforces its commitment to modernizing the banking sector in Ghana.

Azentio was declared Segment Winners I Compliance Management for maximizing the technology benefits for Albilad Investment Company (Albilad Capital), a leading provider of Islamic investment management solutions in the Kingdom of Saudi Arabia (KSA), with its Azentio ONEBanking Financial Crime Management (FCM) platform. Azentio FCM has emerged as a cornerstone in Albilad Capital's compliance strategy, offering a blend of regulatory adherence, operational agility, and cost-effectiveness. Its robust features and seamless integration have not only fortified the institution's compliance framework but also positioned it as a trusted player in the regional financial landscape.