GTBank Successfully Upgrades to the Latest version of ICS BANKS from ICS Financial Systems

January, 2016

High Level of Performance, Near-zero-downtime and New Record Breaking Results by ICS BANKS

Nigeria, Africa: Guaranty Trust Bank (GTBank), one of the largest banks in Africa and the multiple awards wining bank that was named “Africa’s Most Innovative Bank for 2015”, has successfully upgraded to the latest version of the awards winning solution ICS BANKS from ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions.

GTBank has gone through one of the most successful and seamless major upgrades in the industry, completed at GTBank’s headquarters that is located in Nigeria, where it upgraded to the latest version of ICS BANKS. The project started on June of 2015 and ended in October of 2015, where the migration had near-zero-downtime.

High level of performance was achieved by ICS BANKS, where a new record of the entire end-of-day activities for 250 branches serving around 8M customers & 13M accounts & 4M daily transactions are being completed in a record time. 

Mr. Robert Hazboun, Managing Director at ICFS stated;

“ICSFS has always been committed to provide the bespoke state-of-the-art financial products and services. Our latest ICS BANKS application ensures delivering complete suite of banking business solutions, allowing GTBank to quickly put in use the features they need within minimal time, risk, effort and cost. The immaculate upgrade that was achieved, best serves our reputation in providing professional services and high standards of support to our clients. I would like to congratulate GTBank on this outstanding achievement, and thank the bank for trusting us and for being a long-term partner.”

Executive Director for Business Development at ICSFS; Mr. Wael Malkawi also commented;

“GTBank has always been one of the first amongst our clients to embark the latest technologies we provide.  Without their efforts, this successful achievement would have not happened especially in this outstanding short period of time. The migration of our awards winning application, ICS BANKS, had near-zero-downtime.”

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.

About ICS Financial Systems Ltd. – (ICSFS): Sister company of International Computer Systems (London) Ltd – (ICS-London), with offices in United Kingdom, Jordan, United Arab Emirates, Qatar, Iraq, Saudi Arabia, Palestine, Sudan, Nigeria, Lebanon, which is a leading provider of modular, core banking systems. ICSFS’ 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. www.icsfs.com.

About Guaranty Trust Bank plc: GTBank Was incorporated in July 1990, as a private limited liability company, wholly owned by Nigerian individuals and Institutions. The Bank was licensed as a Commercial Bank in August 1990 and commenced operation in February 1991. www.gtbank.com

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