ICS Financial Systems Scores a Record Fourth Win at the Beacon of ICT Awards 2014

June, 2014
Nigeria, Lagos- ICS Financial Systems Ltd. - ICSFS , the global software and services provider for banks and financial institutions, announced that its flagship solution, ICS BANKS® was named a winner for the Beacon of ICT (BoICT) Awards 2014 in the “Banking Software of the Year 2013” category for the fourth consecutive year. The event took place on April 26, 2014 at Eko Hotels and Suites, Lagos, Nigeria. 

Managing Director of ICSFS; Robert Hazboun commented on this occasion,
“We are thrilled to have received “Banking Software of the Year” award, which was in recognition of the company’s technical leadership and innovation in developing and delivering global banking solutions and services in Africa. We invest heavily in the development of ICS BANKS® solutions to ensure we are up to date with the rapidly changing risk and regulatory environment. Our focus is to continue to deliver market-leading solutions to our customers.” 

According to the organizers of the awards, this year over 250,000 Nigerians voted in the different categories with ICS BANKS® emerging as the clear winner in the Banking Software of the Year category with 142,012 votes cast from December 1, 2013 to March 29, 2014. 

The awards were instituted by Communication Week Media Limited, publishers of Nigeria CommunicationsWeek, the fiercely independent weekly ICT newspaper covering the knowhow of e-business, broadcasting, courier, computing, telecom, ICT career, and any other ICT business, and are uniquely placed to view government and business organizations as well as individuals’ contributions, creativity and excellence in the application of ICTs and solutions. 

It is worth mentioning that 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. 

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.