Remittances

Universal Payment & Money Transfer Solutions

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:

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Technology

Customer
Analytics

Future-Proofed Digital
Banking Products

RegTech
Solutions

Open Banking
Open APIs Architecture

Profiling Customer Social Engagement

Complete Cloud-Native & Cloud-Agnostic Platform

Unification of all Digital Systems Omnichannel Experience

Automated Processes & Robotics, Hence Time & Money Savings with High Accuracy

Delivering More
Touchpoints

Business Agility to Drive
Productivity & Efficiency

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Part of the Crew, Part of the Bank!

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.

ICS BANKS Remittances covers the following functions:
Universal Payment Confirmations for SWIFT MT103

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. ICS BANKS Remittances simplified 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 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”

ICS BANKS
Solutions

ICSFS uses innovative technologies in the core of its products, and develops first-class, dynamic and future-proof banking and financial products for new business trends. 

ICS BANKS products come with high security, scalability, and flexibility.

Core Competencies

Innovation
as a Core Function

Continuous Technological
Advancement

Improved Efficiency
to Drive Business Agility

Concurrent Technological Advancements Deployment

Dynamic
Product Building

Increase Customer’s
Confidence

High Security, Scalability,
& Flexibility

Vast Business Coverage to assist the Full Cycle of any Banking Sector

Enriched Customer
Service and Experience

Increase Profitability
& Reduce Revenue Leakage

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ICSFS’ Group CEO & Managing Director,  Receives Lifetime Achievement in Financial Technology Innovation Awards

ICSFS’ Group CEO & Managing Director, Receives Lifetime Achievement in Financial Technology Innovation Awards

World Finance, awarded ICSFS’ Group CEO & Managing Director; Robert Hazboun, in its World Finance Summer 2022 edition, under the World Finance – Islamic Finance Awards 2022, for his Lifetime Achievement in Financial Technology Innovation.

Al-Ataa Islamic Bank Signs for ICS BANKS Islamic Platform

Al-Ataa Islamic Bank Signs for ICS BANKS Islamic Platform

Baghdad, Iraq:
Al-Ataa Islamic Bank for Investment and Finance; a newly-established bank in Iraq, has selected ICS BANKS Islamic Platform from ICSFS.

World Finance names ICSFS as Best Islamic Banking & Finance Software Provider for the Third Year in a Row

World Finance names ICSFS as Best Islamic Banking & Finance Software Provider for the Third Year in a Row

London, United Kingdom:
World Finance magazine has confirmed ICSFS as Best Islamic Banking & Finance Software Provider as part of its 2022 Islamic Finance Awards.

Al Sanam Islamic Bank Selects ICS BANKS Islamic Banking Solution from ICSFS

Al Sanam Islamic Bank Selects ICS BANKS Islamic Banking Solution from ICSFS

Baghdad, Iraq:

Al Sanam Islamic bank, a newly-established Islamic bank in Iraq, has selected ICS BANKS Islamic Banking software solution from ICSFS.

ICSFS to Showcase its Innovative Solutions at ICS BANKS User Group Summit in Iraq

ICSFS to Showcase its Innovative Solutions at ICS BANKS User Group Summit in Iraq

Baghdad, Iraq: ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions, today announced the success of its Iraq User Group Summit: “Accelerating Digitalisation and Innovation in Iraq”. ICSFS showcased its holistic awards-winning banking software application; ICS BANKS.

The First Neo Financial Institution in KSA opts for ICS BANKS Digital Platform from ICSFS

The First Neo Financial Institution in KSA opts for ICS BANKS Digital Platform from ICSFS

Riyadh, KSA: The First Neo Financial Institution in KSA; Loan Financing Company (LFC), a newly-established microfinance company in the Kingdom of Saudi Arabia, has selected ICS BANKS Digital Platform from CSFS.

Al Rajhi Bank Jordan opts for ICS BANKS Business Suite from ICS Financial Systems

Al Rajhi Bank Jordan opts for ICS BANKS Business Suite from ICS Financial Systems

Amman, Jordan:

Al Rajhi Bank – Jordan, one of Al Rajhi Bank’s international branches, has selected ICS BANKS Islamic and ICS BANKS Digital Banking software solutions from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions.

UR Islamic Bank Goes Live on ICS BANKS Islamic Banking Solution from ICSFS

UR Islamic Bank Goes Live on ICS BANKS Islamic Banking Solution from ICSFS

Baghdad, Iraq: UR Islamic bank for Investment, a privately-owned bank in Iraq, has successfully gone live on ICS BANKS Islamic Banking software solution from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions.

CVDB Goes Live on ICS BANKS Universal Banking Solution from ICSFS

CVDB Goes Live on ICS BANKS Universal Banking Solution from ICSFS

Amman, Jordan: Cities and Villages Development Bank (CVDB), has gone live in a record time of five months, on ICS BANKS Universal Banking software solution from ICS Financial Systems (ICSFS); the global software and services provider for banks and financial institutions.

UR Islamic Bank Selects ICS BANKS Islamic Banking Solution from ICSFS

UR Islamic Bank Selects ICS BANKS Islamic Banking Solution from ICSFS

Baghdad, Iraq: UR Islamic Bank for Investment, a privately-owned bank in Iraq, has selected ICS BANKS Islamic Banking software solution from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions.