IDC conducted interviews with ICSFS’ Executive Director; Mr. Wael Malkawi and Chief Technology & Innovation Officer; Mr. Ghassan I. Sarsak discussing ICSFS’ cloud journey experience in their latest eBook: Cloud Partner Success Guide 2018

Tech is disrupting the conventional banking sector from back office core banking to customer-facing processes. Islamic banking is no different. Wael Malkawi, executive director at ICS Financial Systems (ICSFS), spoke with IBS Intelligence about how technology has disrupted Islamic banks in recent years.

Artificial Intelligence (AI) has already become an everyday part of our lives. We use it at work and at home – often without even realizing it.

Recently, one of ICSFS’ Senior Product Managers; Heba Rasheed, has been selected by Intaj as one of their SheTech Role Models.

During Oracle OpenWorld 2018, Ghassan Sarsak, Chief Technology & Innovation Officer, ICS Financial Systems Limited took to the stage to discuss blockchain in the banking industry.

“Our digital banking platform is embedded in the DNA of our universal banking applications (ICS BANKS and ICS BANKS ISLAMIC). Therefore, agility is seamlessly reflected in all the universal banking applications’ products across all touchpoints, without the need for complexity or interfaces.”

Digital banking, understood as the digitalisation of traditional banking activities through the application of technologies that ensure end-to-end processing of financial transactions…

ICS Financial Systems (ICSFS), is a leading provider of modular, core banking systems. Robin Amlôt discusses how banks should come to grips with artificial intelligence (AI) with the company’s Managing Director, Robert Hazboun.

Currently, the implementation of mission-critical applications and cloud-based platforms to improve financial systems is fundamental for delivering fast, secure and efficient services in real time and offering better customer service with a direct connection to clients.

Digital transformation is underway in wealth management, as it is elsewhere. Clients demand instant gratification. Digital transformation is changing the customers’ expectations. It is also making it easier for banks to meet – and beat – those expectations.

With consumers shifting to online banking, the strength and agility of a bank’s digital systems has never been more important. Through its innovative solutions, ICS Financial Systems equips banks for the digital age.

Running ICS BANKS from ICSFS on Oracle hardware is packaged as one complete solution with best-of-breed technologies, to provide banking solutions that address today’s industry challenges and demands in the most cost-effective way, while offering the agility to respond to the business and technology opportunities of tomorrow.

The wealth management industry has had to rapidly evolve as customers demand the latest digital solutions. The challenges this presents must be overcome if firms want to future-proof their businesses.

Agile fintech players offering a range of services have built tremendous customer bases, taking business from the traditional banking network.

As financial institutions look to enhance their customers’ online banking experience, a number of them are looking are blockchain technology as a way to accelerate the payment process and cross-border transfers. IDC forecasts that “applications surrounding complex, multi-party transactions or intermediaries demonstrate the largest benefits of implementing a blockchain solution.”

Banks have been chasing digital transformation ever since the creation of FinTech, when tech giants started imposing changes and creating new platforms for doing business.