Connectif is creating a transparent, digital marketplace
for the Islamic Finance industry
Price transparency, simplified processes & Sharia' compliance
iWAVE is powered by Synergies Digital Platform
Connectif Technology Limited is a financial technology solutions provider to the Islamic finance industry, taking a disruptive approach to the market by delivering innovative, market-wide solutions.
The Connectif co-founders are:
David has over 30 years of financial services and fintech experience, in a variety of executive director roles.
David has spent the last 12 years in the Islamic finance industry on the boards of both an Islamic bank as COO and a founding director, and latterly a market intermediary where he was responsible for strategic business development. Having in-depth knowledge in delivering added-value technology solutions throughout his career, both internally and to clients externally, David is keen to utilise his experience to deliver an industry-changing, market-wide solution in the Islamic finance arena.
Anum has spent her career to date in Islamic finance working for a market intermediary in both senior business development and product development roles, with principal responsibility for the development and roll out of the company’s award-winning technology platform.
Anum has an enviable record of business development in new markets, spanning over 10 years, and comprehensive experience in the provision, delivery and management of systems development, focused on delivering the most efficient fintech solutions to clients.
iWAVE is an innovative, market-wide, fintech solution, focused on improving, simplifying, and unifying the asset & liability management process (the conducting of deposit and financing transactions) across the Islamic finance industry.
iWAVE allows banks to connect with their counterparts and clients via a central platform, ensuring that transactions are managed efficiently throughout their lifecycle.
iWAVE has three core modules: Master Documentation & KYC Management, Trade Execution and Post Trade Management, which may be used independently, or together to derive the most benefit.
All Islamic deposit and financing products can be transacted in real-time, through one secure, shared platform.
iWAVE brings a host of benefits to both users and the industry as a whole:
Potential for increased profitability – access to all market participants in one place delivers a more effective and transparent price discovery mechanism
Reduced costs – simplified, automated processes diminish the internal costs institutions accumulate
Reduced market risk – price transparency and speed of processing support a significant reduction in market risk
Reduced operational risk – seamless exchange of information through one central platform ensures no duplication of data and thus a reduction in errors
Sharia’ compliance – full audit trail always available, including date and time stamps, covering the complete transaction lifecycle and all associated workflows
Security – secure, web-based platform with built-in backup and redundancy measures
Fast - Easy - Secure
iWAVE delivers a load-balanced solution to ensure reliability and availability, and is hosted using the enterprise grade cloud computing service Microsoft Azure.
iWAVE is fully compliant with Sharia' and accounting standards.
iWAVE is powered by Synergies Digital Platform, developed in partnership with LYST Technologies.
LYST Technologies is a leading developer of innovative financial technology, delivering core banking and digital solutions to its global client base in the Islamic finance market (www.lyst-tech.com).