Burgan Bank Group is attempting to standardise its operations by rolling out the ICS Banks core banking platform from Jordan and UK-based vendor, ICSFS. The system is live in one of the six banks within the group, and projects at three more are scheduled for completion within the next year. The project has been challenging, but Ivan Jensen, CTO at Burgan Bank, says that progress has been made, and with forthcoming acquisitions, more ICS Banks projects could be on the agenda.
Burgan Bank, part of the Kuwait Investments Projects Company (KIPCO), has been in expansion mode over the past few years. Since 2008, it moved four regional subsidiaries of its sister bank, United Gulf Bank (the investment banking arm of KIPCO), under its ownership and management.