ICS BANKS® from ICSFS Expands Operations to Kenya, Rwanda and Uganda

March, 2014
ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, win new territories through expanding its operations in Kenya,Rwanda and Uganda. This new deal was awarded to ICSFS by Guaranty Trust Bank (GTBank) which is one of the largest banks in Africa, that has acquired Fina Bank, to be renamed and rebranded as a subsidiary of GTBank. 

GTBank has been a client of ICSFS since 1998 and is using ICS BANKS® in Nigeria, Gambia, Sierra Leone, Ghana, United Kingdom, Ivory Coast, Liberia and now in its new subsidiaries; Kenya, Uganda and Rwanda. 

East Africa Group Managing Director at GTBank; Mr. Adekunle Sonola commented, 

“As we look to expand our business and services across East Africa, we have recognised that exponential growth will only be possible by adopting advanced technological solutions. We are accustomed to the strengths of ICS BANKS® solutions through our long experience as a customer with ICSFS.” 

Mr. Robert Hazboun; Managing Director at ICSFS stated, 

“ICSFS is committed to drive innovation, and we are keen to deliver excellent customer service through highly motivated teams and innovative banking technology. The new acquired subsidiaries of GTBank will benefit from our systems and its flexibility and productivity, which will reflect on the subsidiaries’ workflow to continuously improve the functionality and technical performance.” 

ICSFS is present in 31 countries, three continents, and has a client base of over 80 customers that are all running banks and financial institutions. 

ICS BANKS® provides a complete suite of banking business modules with a rich sweep of functionality and features, addressing business needs and automating accounting processes, as needed, to improve a bank’s business performance. ICS BANKS® has always been a pioneer in utilizing the latest technology to serve financial institutions. In addition to its embedded Service-Oriented-Architecture (SOA), the system is deployed in a multi-tiered setup that runs on a web thin client, J2EE environment. ICSFS references in Iraq include the following banks: Bank of Baghdad, Gulf Commercial Bank, Warka Bank for Investment & Finance, Investment Bank of Iraq, United Bank for Investment, Ashur International Bank for Investment, Dar Es Salaam Investment Bank, Emerald Bank, Vakif Bank, Iraqi Islamic Bank, T.C. Ziraat Bankasi, Albaraka Türk Participation Bank. The banking sector in Iraq consists of the Central Bank of Iraq and 56 banks distributed as below; (7) government banks, (29) private Banks, (9) Islamic banks, and (11) foreign banks.