The Company’s Banking Division Attains Highest Maturity Level for New Product Release and Implementation
Singapore: Azentio Software, a leading financial technology company with a strong presence across APAC, Middle East and Africa, is pleased to announce that its Middle East Banking Division has been appraised at Level 5, the highest maturity level of the CMMI Institute’s Capability Maturity Model Integration (CMMI)® for New Product Release and Implementation. This appraisal has put Azentio Software Middle East in a very selective global list of high-performing organizations having successfully achieved the highest maturity level of CMMI V2.0 model. This thorough assessment has been carried out by Software Quality Center LLC., a premier ISACA partner.
CMMI is a capability improvement approach that provides organizations with best practices that ultimately improve their key capabilities and performance. An appraisal at Maturity Level 5 indicates the organization is performing at an “optimizing” level. At this level, an organization continually improves its processes based on a quantitative as well as qualitative understanding of its business objectives and performance needs. The organization uses a quantitative approach to understand the variation inherent in processes and the causes of process outcomes.
This distinction reinforces Azentio’s role as a trusted information technology solutions provider for clients in banking, financial and insurance services, and adds to its successful attainment of ISO/IEC 27001:2013 milestone for establishing robust Information Security Management System and ISO 9001:2015 for Quality Management Systems.
Commenting on the news, Mohammed Kateeb, Global Head of Islamic Banking and President, Middle East & Africa at Azentio and Appraisal Sponsor, said, “The CMMI Level 5 rating is a strategic milestone in our journey to become the preferred IT partner of forward-thinking organizations. Achieving the highest maturity level of the new CMMI V2.0 model for New Product Release and Implementation of our Banking Division is an affirmation of the company’s absolute commitment to quality processes and excellence, and competence to continuously evolve, adapt and grow to meet the complex needs of its clients, while delivering business value. Our commitment to quality is one of our core values aimed at driving innovation, efficiencies and ensuring we embed best practices in everything we do.”
About Azentio Software Private Ltd:
Azentio Software provides mission critical, core and vertical-specific software products for clients in banking, financial and insurance services primarily across the Middle East and Africa, Asia Pacific, and India. The company’s flagship products include Kastle™ (Universal Banking Solution), iMAL™ (Islamic Core Banking Platform), Premia Astra™ and Beyontec Suite (Core Insurance Software), AMLOCK™ (Financial Crime Detection and Management Solution), MFund Plus™ (Wealth & Asset Management Solution) and Orion™ (Enterprise Resource Planning Solution).
About Software Quality Center LLC:
Established 20 years ago, Software Quality Center LLC. (SQC) is headquartered in Phoenix, Arizona. It is among the world’s leading IT Quality Assurance consulting and management organizations. SQC is a Partner of the CMMI® Institute, as a licensed official provider of products, technologies and services of the CMMI® Institute, more popularly known as the home of the “Gold Standard” for software and service industries, recognized as the Capability Maturity Model Integration (CMMI®).
About CMMI Institute:
A subsidiary of ISACA Enterprises, CMMI Institute is the global leader in the advancement of best practices in people, processes, and technology. CMMI Institute’s promise is to inspire cultures of continuous improvement that elevate performance and create a sustainable competitive advantage.
