Jordan Kuwait Bank – Cyprus Goes Live on ICS BANKS in 46 Days

June, 2015

Jordan Kuwait Bank (JKB), one of the largest and fastest growing banks in Jordan, officially announced the successful go-live of ICS BANKS from ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, at its branch in Cyprus.

ICS BANKS was successfully deployed at Jordan Kuwait Bank’s Cyprus Branch in a record breaking time of only 46 days. The bank experienced a smooth implementation process which started on 15 February, 2015 and was completed on 1 April, 2015.

Jordan Kuwait Bank – Cyprus has implemented ICS BANKS to offer modern products through the use of ready-to-run suite of applications that cover Core Banking, Remittances, Credit Facilities & Risk Groups, Lending, Trade Finance and Treasury &Investment systems in addition to many innovative delivery channels.

Head of Retail and Private Banking of JKB; Mr. Haethum Buttikhi stated: “The JKB Cyprus implementation project is evidence of ICSFS’ advanced experience and capabilities that worked in harmony with JKB’s qualified resources in both the business and IT fields to set this record, and is one of the many reasons why we chose ICS BANKS software. We are very pleased with the successful go-live performance; our aim is to continue providing leading banking and financial services in Jordan, Palestine and Cyprus, with the support of ICSFS. ICSFS is a like-minded, innovative partner, harnessing technology to provide a truly differentiating service.”

Managing Director of ICSFS; Mr. Robert Hazboun commented:“We are dedicated to provide our clients with comprehensive, smart and business-driven banking software with a record breaking time of implementation. Our team ensured best practice processes from initial planning to risk and mitigation analysis, fine-tuning, development, testing, data cleansing and migration, implementation, training, going live and handover. ICSFS solutions will provide JKB Cyprus with innovative products and next generation banking services for its customers.’’

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.

About ICS Financial Systems Ltd. – (ICSFS): A leading provider of modular, core banking systems. ICSFS’ success can be attributed to our turnkey offering, ICS BANKS that serves and supports customers across the globe. ICS BANKS is a fully integrated universal, banking application that deploys a solution and a range of professional services to automate and streamline banking services.  www.icsfs.com.

About Jordan Kuwait Bank: A Jordanian public shareholding company that was founded in 1976 and has successfully evolved in to a major player in the Jordanian banking system. The Bank currently operates a domestic network of 56 branches distributed throughout Jordan in addition to two branches in Palestine and a branch in Cyprus. www.jkb.com

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