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Innovation and Growth Opportunities Stanley Thomas Young Senior Vice President, Worldwide Sales, Path Solutions

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Innovation by definition will not be accepted at first. It takes repeated attempts, endless demonstrations, monotonous rehearsals before innovation can be accepted and internalized by an organization. This requires 'courageous patience'. Warren Bennis

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Mobile Banking 29.8 million Americans accessed their financial services accounts through mobile devices in 4Q 10* Financial services accounts include bank, credit card or brokerage and the statistic accounts for both browser and application access. 1. 18 million tapped into their financial accounts through their mobile browsers in Q4 2010 up 58% from the year previous; and 2. 10 million accessed their accounts via applications, up 120% from the year previous. 22 million mobile subscribers in Kenya (CCK) Banking App Storefronts If banks were to ask their customers how do I look online? the average response would most likely be: update needed. The average bank offers customers a generic online experience The Apple store model is increasingly being considered as a model Consumers should decide which financial apps are important to them Personalized Experience 8.6 million internet subscribers in Kenya (CCK) Social Media (Facebook) 500 million global active Facebook users (24.5M African Users) Financial transactions are increasingly moving away from the bank domains Top 3 Innovation Trends in Banking *comScoreInc.

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Standard Charter Checking of bank account balances, manage credit cards or loans, pay bills, transfer money between accounts Citibank Lead generation campaigns Live your dreams promoting personal loan offers consumer if interested linked to an online form Credit Agricole Advise for retirement planning that connects the consumer to a link offering more information NatWest Allows customers to check their account balances, recent transactions and manage their money on the move using iPhone, bringing customers closer to their finances on a 24/7 basis. Innovation Trends in Mobile Banking *comScoreInc.

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Innovation Trends in Banking Apps Storefronts Najmul Hassans Personal Banking Portal Takaful Sukuk

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Wells Fargo Stagecoach Island - Facebook Helps establish Brand recognition Bond with customers Digitization of the company Green Effect JPMorgan Chase Facebook and Twitter Branding Marketing Financial literacy Innovation Trends in Social Media

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Newsflash - Google partners Citi and MasterCard on m- payments Google has stepped up its assault on the mobile contactless payments market, beginning work with MasterCard and Citi The project will allow people with Citi debit and credit cards to make payments at the point of sale by waving their Google Android handsets against specially equipped terminals. Google plans to make money from the venture by offering retailers more data about their customers to target ads and offers to users near their stores.

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Growth Opportunities Using Technology

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Driving Growth Opportunities With Technology Start With An IT Solution Built for Islamic Banking and. Knowing that partnership is the pivot of Islamic finance In conventional, a loan is a loan and partnership is very risky Where Islamic finance understands the risk and the related system accounts for it. An enterprise component based solution should: Be built on the basis of Sharia rules & regulations Cover the sources of funds, such as RIAs and URIAs Cover the uses of funds, Such as Murabaha, Ijara, Musharaka, etc Manage the linkage between the sources and the uses of funds Produce industry-related financial implication, legal documentation & confirmations Support Sharia Audit procedures Enable Zakat, tax and VAT computations

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Must Have A Technology Adoption Strategy, That. Traditional product centric banking business needs re-design Product oriented INSIDE-OUT approach Businesses defined processes & strategy in accordance with the product they produce Focused on operational effectiveness in putting out standard competitive product on the market From traditional product centric business to customer centric Customer oriented OUTSIDE-IN approach Businesses evolve product, processes & services that revolve around the customer Enabling creation and delivering of new and enhanced products that customer sees and values

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Business Intelligence ProfitabilityRiskSales Interaction Management Knowledge Customer Multi-Channel eServices Delivery BranchATMInternetPhoneOther Delivery Channels Products URIAsFinanceTradesTreasuryOther ..Looks Something Like This, And A Technology Partner Like.

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Who Have Global Reach And Solutions. Path Solutions is a Kuwaiti shareholding company with head office in Kuwait Founded in November 1992 as an IT Consulting firm Beirut development center October 2000 Manama support office October 2003 London support office February 2007 Kuala Lumpur support office September 2007 Karachi support office April 2009 Riyadh support office August 2009 Jakarta support office November 2009 Khartoum support office December 2009 Dubai sales office May 2010 Singapore support office June 2010 Cairo office June 2010

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i MAL Complete Integrated Solution

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Solution Architecture Scalable system Platform independent Open systems architecture Relational database True 24x7 operation On-line transaction processing Store & Forward Object oriented development Client server environment Thin client architecture Web enabled solution Client centric - 360 view/processing Built-in electronic workflow Multi-lingual Multi companies Multi branches Multi profit / cost centers Multi currencies Financial positions and reporting Modular / Fully integrated system Single version

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iMAL Compliance AAOIFI-certified since November 2008 IFSB compliance IAS compliance Basel II compliance CAFIB compliance

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Selected Client List

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Awards & Accolades Gartner positioned Path Solutions in its famed annual report the Magic Quadrant for International Retail Core Banking 2009. In its first participation Path Solutions and iMAL were positioned in the Challengers quadrant defined by its high rating of the ability to execute and an undeniable list of strengths Path Solutions iMAL ranked Number One Islamic Banking Solution and the 4th Best Universal Banking Solution in IBS 2007, 2008 & 2009 Annual Sales League Table Path Solutions was declared the Best Technology Provider for 2006, 2008, 2009 & 2010 in the Islamic Finance News Poll conducted by Redmoney iMAL is the 1st Banking Software to be certified by AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) Path Solutions received the Most Outstanding IT Company Award at the KLIFF Islamic Finance Awards of 2008 & 2009 Path Solutions won the Sheikh Mohammed Bin Rashid Al Maktoum Award for its Global Continuing Contribution to Islamic Finance in IT in 2006, 2008 & 2009

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Banking 2.0 The Next Paradigm Shift!

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THANK YOU