Empowering MFIs to digitise their loans operations
ICS BANKS Microfinance
Request a Demo
Request a Demo
Request a Call
Request a Call
- ICSFS
- ICS BANKS Solutions
- Microfinance
Empowering MFIs to digitise their loans operations
ICS BANKS Microfinance is a completely integrated and parameterised end-to-end solution that covers all microfinance lending activities, supporting multilingual and multi-currency functions, whilst addressing regulatory and competitive market requirements of the microfinance lending space.
ICS BANKS Microfinance is implemented with our Business Process Management (BPM) solution, supporting the full microfinance lending workflow cycle of applying, studying, approval and processing, and enhancing customer service through Digital channels.
ICS BANKS Microfinance is a cost-effective, flexible, and user-friendly lending software solution, suitable for any MFI. With its customised MIS capabilities, BI functions and easy tracking methods, the MFI is able to track the workflow of the loan process at any level, and any time, and can request reports, enquiries and advices receipts for each loan process, with full detailed information on the loan settlement transaction.
With a future-proofed architecture and a comprehensive set of rich and flexible features that can be configured to meet the MFI’s business needs, our clients can tailor any type of microfinance product according to their choice, and meet their customer’s needs.
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.
Flexible, fully-integrated code structure and design allowing complete data inclusion
Omnichannel KYC with inclusive touchpoints for a better customer experience
Versatile reporting tools allowing better compliance and performance tracking
Scalable, Up-to-date, Technologically advanced, and ahead of market trends
Advanced data architecture allowing for clear real-time flow of information
Immaculate multi-bank and multi-entity features with seamless switching
Innovative, out-of-the-box solutions with Robotics and Artificial Intelligence
Real financial clarity and reduced Total Cost of Ownership (TCO)
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.
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.
Recently, one of ICSFS’ Senior Product Managers; Heba Rasheed, has been selected by Intaj as one of their SheTech Role Models.
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.
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.
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.
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.
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.
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
ICS Financial Systems came through the pandemic and supply chain crisis not just in rude health but with reinvigorated energy and ideas.
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.
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
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.”
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.
“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.”
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.
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.
Agile fintech players offering a range of services have built tremendous customer bases, taking business from the traditional banking network.
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 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 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.
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.
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, 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.
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.
Baghdad, Iraq:
Al-Ataa Islamic Bank for Investment and Finance; a newly-established bank in Iraq, has selected ICS BANKS Islamic Platform from ICSFS.
London, United Kingdom:
World Finance magazine has confirmed ICSFS as Best Islamic Banking & Finance Software Provider as part of its 2022 Islamic Finance Awards.
Baghdad, Iraq:
Al Sanam Islamic bank, a newly-established Islamic bank in Iraq, has selected ICS BANKS Islamic Banking software solution from ICSFS.
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.
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.
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.