December, 2022

ICSFS Participates at the Second Uzbekistan Economic Forum

ICSFS Participates in the Uzbekistan Economic Forum 2022

Samarkand, Uzbekistan:

ICS Financial Systems Ltd – ICSFS, the global software and services provider for banks and financial institutions, has participated in the Uzbekistan Economic Forum 2022.

Hosted by the Uzbekistani Government, with the support of the World Bank and Asian Development Bank (ADB); the forum was held in the historic city of Samarkand on the 2nd and 3rd of November, 2022.

ICSFS showcased its award-winning ICS BANKS® Digital and Islamic Banking solutions and engaged in discussions regarding the impact of fintech on the banking and financial sector in Uzbekistan and the region.


Launched with the theme “People at the Heart of Economic Reforms”, The Uzbekistan Economic Forum brought together high-level representatives of Government, policymakers, international business and financial institutions, investors, NGOs, and international media. The forum facilitated a unique opportunity by discussing the financial and economic developments, market opportunities, and the roadmap for privatisation in Uzbekistan and Central Asia. Furthermore; Participants engaged policymakers regarding initiatives aimed at improving the investment climate and maintaining macroeconomic stability to enhance living standards and promote sustainable, inclusive economic growth.
Wael Malkawi, Executive Director of ICSFS
ICSFS is delighted to be part of this important forum as it allowed us to further solidify our standing in the Uzbekistani banking and finance sector, and contribute towards the development and expansion of this sectors’ services to corporates and individuals; in alignment with ICSFS’ aspiration to support the thriving investment climate in the region. Through its comprehensive digitalised architecture, our ICS BANKS Digital Banking Solution provides revolutionary software solutions and exceptional customer experience, paving the road for our clients to become market leader.

- Mr. Wael Malkawi; Executive Director, ICS Financial Systems

ICSFS invests in its software suites by utilising modern technology in launching new products, constructing a secured and agile integration, and keeping pace with new standards and regulations worldwide. ICS BANKS® ISLAMIC BANKING and DIGITAL BANKING software solution suites future-proof banking activities by providing a broad range of features and capabilities with more agility and flexibility, to enrich customers journey experience, hence improving the trust and confidentiality between the customer and the bank. ICS BANKS has always been a pioneer in utilising the latest technology to serve financial institutions. In addition to its embedded Service-Oriented-Architecture (SOA), the system can be deployed on-premises, hybrid, or cloud.

A leading provider of modern banking and financial technology powered by a very solid, agile, and digital banking platform as part of its DNA, launching innovative products that are constructed on a secured and agile integration. Its ICS BANKS® software is a fully integrated universal banking software with many suites servicing the financial industry that provide open products with international standards, real-time business processing, and value-added capabilities of tailoring products, on-premises, hybrid, or cloud. ICS BANKS® software suites future-proof banking activities by providing a broad range of features and capabilities with more agility and flexibility, to enrich customers’ journey experiences.
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