Kochi: Islamic banking is yet to get a foothold in the country with RBI not extending the permission, but the Indian subsidiary of a Kuwait company is setting up a global support centre providing Islamic core banking solutions at Infopark, Cherthala, on Friday.
Path Solutions India is a wholly owned subsidiary of Path Solutions K.S.C.C, Kuwait which is a recognised market leader specialised in the provision of Islamic and investment software solutions for banks and financial institutions.
The company already has established presence in the Gulf, GCC, Africa, South East Asia and Europe with over 90 financial institutions using its Islamic core banking system.
“By the end of second quarter, we plan to have over 30 professionals working from our global support and development centre. We are keen to utilize the local skilled resources to build on our heritage of delivering value-added software solutions and services to our clients,” Mohammed Kateeb, group chairman and CEO of Path Solutions, said.
The centre will be opened by Aroor MLA A.M. Arif at 5 pm. IT principal secretary P.H. Kurien and Infopark CEO Hrishikesh Nair will attend the function among others.
*This article was published by Deccan Chronicle. Read the original article here.
