Orchestrating Islamic Banking on Colossal Digital Technology
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ICSFS has always been one of the leading companies in providing awards-winning banking, and financial services, and best-of-breed products. ICSFS recognition on a global level is granted by its devotion to excellence, and customer enlightenment. In this path, ICS BANKS Islamic is no exception, the product was built brick-by-brick on delivering real value to customers, hassle-free and satisfactory implementation and support, ongoing productivity with a wide range of functionalities and features. The main goal is to keep customers’ operational costs at the minimum, whilst maximizing revenue and growth.
The modern Islamic finance industry is young and evolving rapidly. It continues to expand and serve a growing population of Muslims as well as conventional, non-Muslim investors.
ICSFS is one of the first providers of Islamic banking software applications in the industry, with a customer-first approach and streamlined services of its epic best-of-breed technologies. Digital Transformation became a priority in ICSFS’ products and services with its crown jewel; ICS BANKS Islamic. After decades of evolvement and innovation, ICS BANKS Islamic has become a technologically frontier software, where agility is one of its core virtues.
Please fill in the form below and you will receive the download link via email
Please fill in the form below and you will receive the download link via email
ICS BANKS Islamic software suite is designed to cover all Islamic banking requirements and cater to each bank’s shari’a regulations. Our customers are always ahead of their market competition by running ICS BANKS Islamic’ agile software application, which embraces the following aspects:
ICSFS uses innovative technologies at the core of all of its software solutions; developing first-class, dynamic, and future-proofed banking and financial products that could keep pace with latest market trends and direction.
Each ICS BANKS Product is built from the ground up to be remarkably modular, secure, and agile, ensuring your business continuity and ability to expand vertically, horizontally, or both, without hassle.
After decades of evolvement and innovation, ICS BANKS Islamic has become a technologically frontier software, where agility is one of its core virtues. ICS BANKS Islamic provides the bank with:
Fully Shari’a-Compliant, Covering various intellectual Islamic Views in Different Regions and Continents
Full coverage of Islamic finance and banking ecosystem
Persistent technological advancement utilising the latest technologies to achieve lower total cost of ownership (TCO)
Strong, flexible, fast and reliable industry-approved profit distribution engine
Wide range of parameters to build Islamic products
Blockchain technology and smart contracts to enhance productivity, accuracy and lower costs
Strong Business Process Management (BPM) and Document Management System(DMS) in its DNA
Cloud available to reduce infrastructure costs
Customer engagement and customer social engagement through touchpoints
Vast touchpoints coverage with omnichannel in essence, to expand the bank’s businesses, regardless of geographical limitations
Boosting analytical powers and risk reduction through Artificial intelligence (AI)
Covering required clarity and strong reporting and analytical tools
Open APIs to connect to the outside world and support FinTech activities
Regtech solutions
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.
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.”
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.
Recently, one of ICSFS’ Senior Product Managers; Heba Rasheed, has been selected by Intaj as one of their SheTech Role Models.
ICSFS provides business and technology solutions for financial institutions across the world. The Company’s success can be attributed to its turnkey offerings, including ICS BANKS and ICS BANKS ISLAMIC universal banking and financial software
The Islamic (interest-free) model has encouraged innovation, both in terms of product offerings and business support. In a break from convention, Islamic banks aim to function as true financial partners for their clients, as opposed to taking on the old-fashioned role of bank as lender.
ICS Financial Systems is recognised worldwide for its digital innovation and its Shariah-compliant software is extending both its customer and client base. Highly agile and equipped to manage complex regulations, the software suite is breaking new ground in a pandemic-remodelled world.
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.
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
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.
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.
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.
ICSFS Managing Director Robert Hazboun spoke to Venture about his company’s operations in Jordan’s financial sector, which is easly now one of the cornerstones of the Kingdom’s economy.
Digital banking, understood as the digitalisation of traditional banking activities through the application of technologies that ensure end-to-end processing of financial transactions…
Agile fintech players offering a range of services have built tremendous customer bases, taking business from the traditional banking network.
World Finance recently spoke to Wael Malkawi, Executive Director of Business Development for ICSFS, provider of ‘ICS BANKS’ financial solutions that has over three decades of experience helping financial institutions manage their digital operations.
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.
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.
Wasting time means losing money. That is what digital era businesses cannot bear, and very soon the speed of traditional bankers and banking methods will be comparable to a steam train being placed next to a modern Transrapid i.e. the banking technology of the future.
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.
Nowadays, banks must yield their highest return on investment by transforming their business through implementing and investing in innovative technology solutions that will drive productivity, lower their costs and risks, and deliver user centricity – for customers and employees.
ICS Financial Systems came through the pandemic and supply chain crisis not just in rude health but with reinvigorated energy and ideas.
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.
“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.”
