Universal Payment & Money Transfer Solutions

ICS BANKS® Remittances

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

RegTech
Solutions

Complete Cloud-Native & Cloud-Agnostic Platform

Delivering More
Touchpoints

Future-Proofed Digital
Banking Products

Open Banking
Open APIs Architecture

Unification of all Digital Systems Omnichannel Experience

Business Agility to Drive
Productivity & Efficiency

Profiling Customer Social Engagement

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

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, 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.

Core Competencies

Innovation
as a Core Function

Improved Efficiency
to Drive Business Agility

Increase Customer’s
Confidence

Enriched Customer
Service and Experience

Continuous Technological
Advancement

Concurrent Technological Advancements Deployment

High Security, Scalability,
& Flexibility

Increase Profitability
& Reduce Revenue Leakage

Dynamic
Product Building

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

Al-Busiari Bank to Accelerate Financial Inclusion in Yemen by opting for ICS BANKS® Islamic Banking Solution from ICSFS

Al-Busiari Bank to Accelerate Financial Inclusion in Yemen by opting for ICS BANKS® Islamic Banking Solution from ICSFS

Al Busairi Bank for Microfinance, a newly established bank in Yemen, has selected ICS BANKS® Islamic Banking software solution from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions.

Hadhramout Commercial Bank Successful Go-Live on ICS BANKS® Universal, Digital, and Islamic Banking Software Solutions

Hadhramout Commercial Bank Successful Go-Live on ICS BANKS® Universal, Digital, and Islamic Banking Software Solutions

Hadhramout Commercial Bank (HCB) has successfully gone live on ICS BANKS® Awards-winning, Innovative Core banking, Digital Banking, and Islamic Banking solutions from ICS Financial Systems, (ICSFS), the global software and services provider for banks and financial institutions.

Hadhramout Commercial Bank Selects ICS BANKS® Universal from ICSFS to Launch their Operations in Yemen

Hadhramout Commercial Bank Selects ICS BANKS® Universal from ICSFS to Launch their Operations in Yemen

Hadhramout Commercial Bank (HCB), a newly-established bank in the Republic of Yemen, has selected ICS BANKS Universal Banking software solution from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions.

Al Kawthar Leasing Company selects ICS BANKS® Islamic Finance Leasing Software from ICSFS

Al Kawthar Leasing Company selects ICS BANKS® Islamic Finance Leasing Software from ICSFS

After carefully evaluating alternative systems, Al Kawthar recognized ICS BANKS Finance Leasing to be the most reliable, cutting-edge software solution to deploy for their operation; based on its innovative and fully integrable technology covering the full leasing cycle

“TrustBank” PJSB Selects ICS BANKS Islamic Banking Software Suite from ICSFS

“TrustBank” PJSB Selects ICS BANKS Islamic Banking Software Suite from ICSFS

TrustBank PJSB, One of the Banking Industry leaders in Uzbekistan, has selected ICS BANKS Islamic Banking software suite from ICS Financial Systems – ICSFS, the global software and services provider for banks and financial institutions, to implement into their newly established Financial Institute: Trast Muamalat LLC.

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 Showcased its Innovative Solutions at the 2022 ICS BANKS® User Group Summit in Iraq

ICSFS Showcased its Innovative Solutions at the 2022 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.

AlRajhi Bank Jordan opts for ICS BANKS® Business Suite from ICSFS

AlRajhi Bank Jordan opts for ICS BANKS® Business Suite from ICSFS

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.