February, 2022
The First and Only Digital Bank in Iraq to Partner with ICSFS
- ICSFS
- Insights
- Success Stories
- The First and Only Digital Bank in Iraq to Partner with ICSFS
First Iraqi Bank (FIB) is literally the first Iraqi bank to make digital banking a reality for the Iraqi people. The bank empowers its customers by guiding them into tomorrow, today. FIB customers can open a fully licensed bank account from their mobile phone in under 5 minutes, for free. Use the FIB mobile application to make and receive payments online and in person, send money locally and internationally, and much more.
The implementation of the ICS BANKS® Digital Banking solution took less than four months, and the teams of FIB and ICSFS achieved an astounding and seamless performance in reaching this milestone.
ICS Financial Systems was chosen for:
- Having a strong base of detailed market knowledge.
- Outstanding functionalities and features.
- In-depth business and technology expertise.
- Comprehensive end-to-end customer journey.
- Cost-effectiveness.
- Fast, productive, accurate, and hassle-free implementation.
- Cognitive skills of competencies.
First Iraqi Bank customers are now enjoying innovative, convenient, secured, and affordable banking services that are:
Open a full bank account, licensed by the Central Bank of Iraq, from your mobile phone, in less than 5 minutes. All you need is a mobile phone and an ID.
Manage your money from your phone. Make payments online and in person. Purchase digital products online. Send and receive money within Iraq instantly. Receive your salary in seconds.
Withdraw your cash and have it delivered to your door with the tap of a button.
Track your spending in real time. Keep your money safe.
No hidden charges. No account opening fees. No monthly fees. Full transparency.
Set up terminal accounts for your business within the app, allowing your employees to act as PoS terminals for your business to accept payments and provide limited cash services, without having access to sensitive banking features.
Create a Moneybox in order to put your money aside and help you save.
By offering FIB services, users will be able to see your store within their FIB app. Increase your footfall, revenue, and exposure.
Request a Demo for ICS BANKS Digital Banking
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Learn more about First Iraqi Bank's partnership with ICSFS
ICSFS invests in its software suites by utilising modern technology in launching new products, constructing a secured and agile integration, and keeping pace with new standards and regulations worldwide. ICS BANKS® software suites future-proof banking activities by providing a broad range of features and capabilities with more agility and flexibility, to enrich customers’ journey experience, hence improving the trust and confidentiality between the customer and the bank. ICS BANKS® has always been a pioneer in utilising the latest technology to serve financial institutions. In addition to its embedded Service-Oriented-Architecture (SOA), the system can be deployed on-premises or in the cloud.
A leading provider of modern banking and financial technology powered by a very solid, agile, and digital banking platform as part of its DNA, launching innovative products that are constructed on a secured and agile integration. Its ICS BANKS® Software is a fully integrated universal banking software with many suites servicing the financial industry that provide open products with international standards, real-time business processing, and value-added capabilities of tailoring products, on-premises, hybrid, or cloud. ICS BANKS® software suites future-proof banking activities by providing a broad range of features and capabilities with more agility and flexibility, to enrich customers’ journey experiences
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