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Awards & Recognitions

Azentio Software wins the Best Digital Lending & Collections Implementation Award at IBSi Global FinTech Innovation Awards 2022

Azentio Software announced today that it has won the ‘Best Digital Lending and Collections Implementation Award for the Most Impactful Project’ at the 4th edition of the IBS Intelligence (IBSi) Global FinTech Innovation Awards 2022. The award recognizes the outstanding implementation of Azentio’s Kastle Universal Lending - Islamic solution at Finzey Finance, a leading provider of Sharia-compliant financing solutions in the Kingdom of Saudi Arabia (KSA).

Banking & Capital Markets

Azentio’s implementation made the cut at the IBSi awards primarily for an outcome-driven deployment, helping Finzey Finance centralize operations, automate core processes, integrate multiple service providers (including the payment gateway); in addition to accelerating speed-to-market, enhancing process effciencies and delivering superior customer experiences.

Primarily, a technology solution for retail Tawarruq financing, Azentio’s Finzey Finance project also covered a range of other value additions, such as interfaces with Saudi National Digital Identity (Nafath), SIMAH enquiry & data reporting, the Nafith platform, Emdha digital signature, and Tahaqiq mobile verification. The project also included Azentio’s Amlock financial crime detection and management solution, and internet and mobile platforms for customer onboarding, among others.