ICS BANKS® Remittances
Comprehensive Universal Banking Solutions to enhance your offering
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Reduce Transfers Cost
with High Security
The rapidly changing payments industry requires businesses to stay alert, react quicker, and perform better. With new banking technologies continue to surge ahead, banks around the world are pushed to invest heavily into implementing new ways in which they can manage their operations, connect with customers, promote their services and stay ahead of the competition. ICS BANKS Remittances is a universal payment and money transfers solution provided to meet ongoing information processing innovation and management challenges facing the banking and payment industry today.
Innovation as a Core Function
ICS BANKS® Remittances system embraces business agility as a primary core driver in providing a high-end customer experience with:
- Process automation
- Open Banking; open solutions through open APIs architecture
- Complete cloud platform
- Enriched customer service and experience
- Unification of all digital systems – omnichannel experience
- Future-proof money transfer process whether within the country or outside
- Dynamic products for new business trends
- High security, scalability, and flexibility
- Improved efficiency to drive business agility
- Continuous technological advancement with lower TCO
- Vast business coverage to assist the full cycle of transfers
- Latest technology utilisation, such as blockchain
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Technology
Customer
Analytics
RegTech Solutions
Complete Cloud-Native & Cloud-Agnostic Platform
Delivering MoreTouchpoints
Future-Proofed DigitalBanking Products
Open BankingOpen APIs Architecture
Unification of all Digital Systems Omnichannel Experience
Business Agility to DriveProductivity & Efficiency
Profiling Customer Social Engagement
Automated Processes & Robotics, Hence Time & Money Savings with High Accuracy
Request a Demo
Technology
Customer
Analytics
RegTech Solutions
Complete Cloud-Native & Cloud-Agnostic Platform
Delivering MoreTouchpoints
Open BankingOpen APIs Architecture
Future-Proofed DigitalBanking Products
Unification of all Digital Systems Omnichannel Experience
Business Agility to DriveProductivity & Efficiency
Profiling Customer Social Engagement
Automated Processes & Robotics, Hence Time & Money Savings with High Accuracy
Request a Demo
The ICS BANKS® Remittances system offers a variety of functionalities and features, such as powerful customisation and personalisation tools, flexible and innovative Business Process Management (BPM), Document Management System (DMS), and cutting-edge technologies, to indulge its customers with the opportunity to transfer money automatically in real-time, with the ability to track and confirm the payment through its STP processes and online settlement functions. ICS BANKS Remittances provides complete automation of SWIFT messages and RTGS processing, advice and voucher generation.
- Inward Transfers
- Outward Transfers
- Direct Transfers
- Traveller’s Cheques
- Blockchain
- Agency Banking
- Embedded Business Process Management (BPM)
- Embedded Document
- Management System (DMS)
- Cardless Payments
- Smart Contracts
SWIFT announced that by the end of 2020, it will be mandatory for all financial institutions receiving payments (MT 103 messages) to confirm when a payment has been credited to the account of the beneficiary.
ICS BANKS® Remittances is ready and complies with the Universal Confirmations rulebook, simplifying the process to its customers by formatting and building MT199 automatic confirmation messages, and sending them directly after crediting the beneficiary or rejecting the payment.
ICS BANKS® Remittances also provides its customers with two options of confirmation; Mandatory and Optional confirmations. The system automatically sends the status for each payment received via SWIFT MT 103 “customer transfer”
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.
