ICS Financial Systems Ranked #1 in the IBS MENA Sales League in the MENA Region for the past 4 years

June, 2014

ICSFS has been the First Best Selling Core Banking Software Provider for the past four years amongst the 30 Top Best Selling Primarily Universal Banking System Providers in the MENA Region.

ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, is delighted to announce that it has won the first place in the IBS MENA Sales League 2014, and ranked number one amongst universal banking system providers in the Middle East and North Africa core banking market for the past four years. 

The IBS Sales League Table is an annual international ranking of core banking systems sales that comprises over 30 of the leading banking system suppliers in addition to other pure conventional players. It evaluates their strengths, weaknesses, various systems and verifies their user lists to form an unbiased picture of the merits of each supplier and its new name wins. 

The Managing Director of ICSFS, Robert Hazboun commented, 
“We are very proud to be ranked by IBS Intelligence as the First Best Selling Core Banking Software Provider, MENA. ICSFS closed outstanding deals with leading banks in the MENA region over the past years. We are delivering innovative solutions, and are dedicated to continue providing distinguished financial products and services worldwide." 

Executive Director for Business Development at ICSFS; Mr. Wael Malkawi stated,
“Our top ranking in the prestigious IBS MENA Sales League Table is a great recognition of our achievements. As it is not our first time to be ranked in IBS Sales reports, we marked high positions as one of the top ten Universal banking providers in IBS Sales League Tables since 2006. Being ranked number 1 for the past 4 year proves our solid growth and demand for our great products” 

The UK based IBS Intelligence is the definitive source for independent, in-depth news, research and analysis of the financial technology market. IBS provides a comprehensive range of industry reports, guides and other resources, including IBS Journal and the annual IBS Sales League Table, as well as specialist consulting and research services and training. 

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.