ICS Financial Systems Ltd.’s ICS BANKS gains 4.5x Faster Batch Processing & 27x Increase on Digital Banking Transactions Running with Oracle Exadata Database Machine

February, 2019

 

ICS Financial Systems Ltd. today announced it has earned Oracle Exadata Optimized status through Oracle PartnerNetwork (OPN), demonstrating that ICS BANKS 6.0 has been tested and tuned on Oracle Exadata Database Machine to deliver speed, scalability and reliability to customers. ICSFS is a global software and services provider of a universal modular, core banking systems, whose success can be attributed to its turnkey offerings; ICS BANKS®, which serves and supports customers across the globe. ICSFS provides fully integrated banking and financial applications and services on premises, or in the cloud. ICSFS is a Gold level member of Oracle PartnerNetwork.

ICS BANKS software suite provides fully-fledged banking business modules with rich sweep of functionalities 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 utilising the latest technology to serve financial institutions to achieve the highest level of performance. Banks running ICS BANKS from ICSFS with Oracle Exadata Database Machine will enjoy a packaged, one complete solution with best-of-breed technologies, providing their customers with banking solutions that address today’s industry challenges and demands in the most cost-effective way, while offering the agility to respond to the business and technology opportunities of tomorrow. ICSFS provides a complete integrated end-to-end solution that is easy to deploy, with ongoing maintenance and address scalability without complexity.

ICSFS’s customers running with Oracle Exadata Database Machine will enjoy faster time to innovation, faster data compression leads to increased Return on Investment (ROI) and lower total cost of ownership (TCO). ICS BANKS generated 27x faster Digital Banking transactions throughput, 4.5x faster Interest Capitalization Batch processing over previous benchmarks allowing customers to exceed SLAs and improve service delivery, and supporting 4.5x larger customer accounts while still maintaining unmatched throughput, higher concurrent users and lower TCO.

Oracle Exadata Optimized is part of the Oracle Exastack Optimized program which allows partners, such as ICS Financial Systems Ltd., to leverage OPN enablement resources and dedicated lab environments to help develop, test and tune their applications on Oracle Exadata Database Machine, Oracle SuperCluster, Oracle Exalogic Elastic Cloud, Oracle Exalytics In-Memory Machine, Oracle Database Appliance and Oracle Big Data Appliance engineered systems. Oracle Exadata is built to dramatically improve database performance and maximize availability to help businesses drive topline growth through higher employee productivity, a better customer experience, and faster time-to-market.

By achieving Oracle Exadata Optimized status, Oracle recognizes ICS Financial Systems Ltd. for developing, testing and tuning ICS BANKS 6.0 with Oracle Exadata Database Machine. This accomplishment is a testament to ICS Financial Systems Ltd.’s ability to deliver the extreme performance and reliability customers require.

“Our relationship with Oracle is growing and rapidly evolving with today’s rapid technology innovations. We are proud to state that our ICS BANKS testing on Oracle Exadata Database Machine results are the highest achieved to date.” said Robert Hazboun, Managing Director, ICSFS. “ICS BANKS remarkable achievements are a testament to our commitment to our customers in providing new technologies that ensure end-to-end processing of financial transactions, minimize risk and increase the level of security, reduce cost and increase customers’ return on investment (ROI), whilst addressing innovative banking and business trends.”

“Oracle Exastack Optimized recognizes partners who have optimized their solutions on a complete, integrated and cloud-ready infrastructure in order to help them accelerate innovation, unlock new features and functionality, and deliver superior value to users,” said David Hicks, Vice President, Worldwide ISV Cloud Business Development and Marketing, Oracle. “By achieving Oracle Exadata Optimized status, ICS Financial Systems Ltd. has demonstrated its ICS BANKS 6.0 is tested and tuned to work with Oracle Exadata Database Machine to help deliver optimum performance, scalability, and reliability to their customers.”

 

 

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About ICS Financial Systems Ltd. - (ICSFS)
A leading provider of modular, universal banking systems with offices in United Kingdom, Jordan, United Arab Emirates, Iraq, Saudi Arabia, Palestine, Sudan, Nigeria and Lebanon. ICSFS is a leading provider of a universal modular, core banking systems, whose success can be attributed to its turnkey offerings; ICS BANKS® and ICS BANKS® ISLAMIC, which serves and supports customers across the globe. ICSFS provides fully integrated universal, banking applications that deploys solutions and a range of professional services to automate and streamline banking services on premises or in the cloud. www.icsfs.com

About ICS BANKS Software Suites
ICS BANKS® is a state-of-the-art software that delivers maximum value to banking clients of all sizes. This universal software is a complete suite of banking business modules with a rich suite of functionality and features addressing business needs foremost, and automating accounting processes as needed, to enhance a customer’s business performance. ICS BANKS® uses the latest technologies to cover all business areas such as Digital Banking, Retail, Wholesale, Corporate, Commercial, Investment, Islamic, Finance Leasing and Microfinance Banking.To find out more, visit www.icsfs.com

About the Oracle Exastack Program
The Oracle Exastack program helps enable Independent Software Vendors (ISVs) and other members of Oracle PartnerNetwork (OPN) to rapidly build and deliver faster, more reliable applications. Leveraging the Oracle Exastack program, qualifying OPN members have access to Oracle performance experts and dedicated labs for testing and tuning their applications on Oracle Exadata Database Machine, Oracle Exalogic Elastic Cloud, Oracle Exalytics In-Memory Machine, Oracle SuperCluster, Oracle Database Appliance and Oracle Big Data Appliance. Customers can be confident when selecting Oracle Exastack Optimized applications that they are supported, and have been tested and tuned with the goal to achieve optimal performance, scalability and reliability. Also part of the program, Oracle Exastack Ready is dedicated to helping ISVs run their solutions on the latest major release of Oracle Exadata Database Machine, Oracle Exalogic Elastic Cloud, Oracle Exalytics In-Memory Machine, Oracle SuperCluster, Oracle Database Appliance, Oracle Big Data Appliance and their component products, including Oracle Database, Oracle WebLogic Server, Oracle Solaris, Oracle Linux and Oracle VM. These products provide partners with a low cost and high performance infrastructure for database and application workloads across on-premise and cloud based environments. With an Oracle Exastack Optimized or Oracle Exastack Ready status achievement, partners will receive access to corresponding Oracle branding, logos and related benefits to effectively differentiate their offerings. To find out more, visit http://www.oracle.com/partners/goto/exastack

About Oracle PartnerNetwork Oracle PartnerNetwork (OPN) Specialized is the latest version of Oracle's partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle products and solutions and has evolved to recognize Oracle's growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through Specializations. Specializations are achieved through competency development, business results, expertise and proven success. To find out more, visit http://www.oracle.com/partners.

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