May the blessings of Eid fill your heart with joy, your home with happiness, and your life with prosperity. Wishing you a blessed and memorable celebration.
From the ICSFS Family,
ICSFS uses innovative technologies in the core of its products, develops first-class, dynamic, and future-proofed banking and financial products for new business trends.
ICS BANKS® products come with high security, scalability, and flexibility.
Digital banking, understood as the digitalisation of traditional banking activities through the application of technologies that ensure end-to-end processing of financial transactions…
ICS Financial Systems came through the pandemic and supply chain crisis not just in rude health but with reinvigorated energy and ideas.
As financial institutions look to enhance their customers’ online banking experience, a number of them are looking are blockchain technology as a way to accelerate the payment process and cross-border transfers. IDC forecasts that “applications surrounding complex, multi-party transactions or intermediaries demonstrate the largest benefits of implementing a blockchain solution.”
Agile fintech players offering a range of services have built tremendous customer bases, taking business from the traditional banking network.
IDC conducted interviews with ICSFS’ Executive Director; Mr. Wael Malkawi and Chief Technology & Innovation Officer; Mr. Ghassan I. Sarsak discussing ICSFS’ cloud journey experience in their latest eBook: Cloud Partner Success Guide 2018
The Islamic (interest-free) model has encouraged innovation, both in terms of product offerings and business support. In a break from convention, Islamic banks aim to function as true financial partners for their clients, as opposed to taking on the old-fashioned role of bank as lender.
ICSFS Managing Director Robert Hazboun spoke to Venture about his company’s operations in Jordan’s financial sector, which is easly now one of the cornerstones of the Kingdom’s economy.
Whatever their religious background banking consumers want speed, efficiency and privacy. In other words, a smarter banking experience. The scope of fintech is widening as is the market for its own services and products. It’s getting competitive, but credible transactions need to be handled with much care. So how does Shari’a compliance work in this space now? Who are the main beneficiaries – and when will they see the benefits for real? World Finance gets startling, innovative responses from company managing director Robert Hazboun in an exclusive interview on the cutting edge direction and speed of Islamic Finance in 2023 and beyond.
Currently, the implementation of mission-critical applications and cloud-based platforms to improve financial systems is fundamental for delivering fast, secure and efficient services in real time and offering better customer service with a direct connection to clients.
Nowadays, banks must yield their highest return on investment by transforming their business through implementing and investing in innovative technology solutions that will drive productivity, lower their costs and risks, and deliver user centricity – for customers and employees.
“Our digital banking platform is embedded in the DNA of our universal banking applications (ICS BANKS and ICS BANKS ISLAMIC). Therefore, agility is seamlessly reflected in all the universal banking applications’ products across all touchpoints, without the need for complexity or interfaces.”
ICS Financial Systems is recognised worldwide for its digital innovation and its Shariah-compliant software is extending both its customer and client base. Highly agile and equipped to manage complex regulations, the software suite is breaking new ground in a pandemic-remodelled world.
Tech is disrupting the conventional banking sector from back office core banking to customer-facing processes. Islamic banking is no different. Wael Malkawi, executive director at ICS Financial Systems (ICSFS), spoke with IBS Intelligence about how technology has disrupted Islamic banks in recent years.
Wasting time means losing money. That is what digital era businesses cannot bear, and very soon the speed of traditional bankers and banking methods will be comparable to a steam train being placed next to a modern Transrapid i.e. the banking technology of the future.
Running ICS BANKS from ICSFS on Oracle hardware is packaged as one complete solution with best-of-breed technologies, to provide 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.
Digital transformation is underway in wealth management, as it is elsewhere. Clients demand instant gratification. Digital transformation is changing the customers’ expectations. It is also making it easier for banks to meet – and beat – those expectations.
During Oracle OpenWorld 2018, Ghassan Sarsak, Chief Technology & Innovation Officer, ICS Financial Systems Limited took to the stage to discuss blockchain in the banking industry.
Banks have been chasing digital transformation ever since the creation of FinTech, when tech giants started imposing changes and creating new platforms for doing business.
ICS Financial Systems Ltd, a leading provider of cutting-edge banking and financial software solutions, is thrilled to announce being named the recipient of the “Best Digital Banking & Finance Software Solutions Award” for the year 2023 by World Finance. This recognition highlights ICSFS’ unyielding efforts to delivering innovative and transformative software solutions that drive growth and efficiency for Banks and Financial Institutions around the globe.
For the fourth consecutive year, ICS Financial Systems Ltd. has been recognized by World Finance as the Best Islamic Banking Solutions Provider. This prestigious accolade and the consistent recognition by World Finance Magazine is a testament to the company’s steadfast commitment to excellence. For over two decades, ICS BANKS® Islamic Banking Solution has been setting the industry standard with its comprehensive Sharia’ compliance, scalability, integration capabilities, and flexible deployment options. As the global Islamic banking sector continues to grow, ICSFS remains at the forefront, empowering financial institutions to thrive in a rapidly evolving landscape while ensuring the delivery of exceptional services.
ICSFS Group CEO & MD, Robert Hazboun, Receives his Third Consecutive Lifetime Achievement in Financial Technology Innovation Award from World Finance
Robert Hazboun, Group CEO and Managing Director of ICSFS, has been endowed with the prestigious Lifetime Achievement in Financial Technology Innovation award for the third time in a row. The accolade that was presented to him by World Finance, the voice of the Financial Market, celebrates his exceptional contributions and groundbreaking innovations in the field of banking technology.
Al-Busairi Bank for Microfinance was registered and granted a bank licence by the Central Bank of Yemen. The bank will be delivering comprehensive Shari’a-compliant microfinancing products and services to the Yemeni market, and will be implementing ICS BANKS® Islamic Core, Financing Facilities & Risk Groups, Remittances, ICS BANKS® Digital, in addition to a wide range of Islamic banking products.
Alinma Bank opts for ICS BANKS® Islamic Microfinance Solution from ICSFS to launch their operation in Yemen
Alinma Bank for Islamic Microfinance – a privately owned Microfinance Bank recently established in Aden, Yemen, and one of the very first banks to obtain the necessary licensing from the Central Bank of Yemen to conduct Islamic Microfinance activities in the republic; has selected ICS BANKS® Islamic Solution from ICS Financial Systems – ICSFS, the global software and services provider for banks and financial institutions.
Hadhramout Commercial Bank Successful Go-Live on ICS BANKS® Universal, Digital, and Islamic Banking Software Solutions
Hadhramout Commercial Bank (HCB) has successfully gone live on ICS BANKS® Awards-winning, Innovative Core banking, Digital Banking, and Islamic Banking solutions from ICS Financial Systems, (ICSFS), the global software and services provider for banks and financial institutions.
ICS Financial Systems Ltd, (ICSFS), the global software and services provider for banks and financial institutions, was awarded the Information Security Management System (ISMS) ISO/IEC 27001 Standard Certification for the Data Centre, IT Department, and ICS BANKS® Banking Software Solution Services in February of 2023 recognizing the company’s adherence to the highest standards of information security.
Hadhramout Commercial Bank Selects ICS BANKS® Universal from ICSFS to Launch their Operations in Yemen
Hadhramout Commercial Bank (HCB), a newly-established bank in the Republic of Yemen, has selected ICS BANKS Universal Banking software solution from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions.
After carefully evaluating alternative systems, Al Kawthar recognized ICS BANKS Finance Leasing to be the most reliable, cutting-edge software solution to deploy for their operation; based on its innovative and fully integrable technology covering the full leasing cycle
TrustBank PJSB, One of the Banking Industry leaders in Uzbekistan, has selected ICS BANKS Islamic Banking software suite from ICS Financial Systems – ICSFS, the global software and services provider for banks and financial institutions, to implement into their newly established Financial Institute: Trast Muamalat LLC.