ICS Financial Systems Ltd. (ICSFS)

In 2004, ICS Financial Systems Ltd. (ICSFS) (www.icsfs.com) emerged from ICS (London) as a leading provider of universal banking software systems focused on the financial industry upon the rapid growth, demand, and maturity of its multiple awards winning solution ICS BANKS software.

ICSFS is dedicated to software development and integration for the banking industry, from retail banking solutions to global financial institutions. The company addresses the complete IT projects’ cycle from initial consultancy to design, development, training, implementation and ongoing maintenance and support.

ICSFS, founded in 2004, provides business and technology solutions for financial institutions in countries across the world, helping financial clients select and implement the best tools to achieve their business needs, and to integrate services and e-commerce features fully into their operations – crucial given the speed and flexibility of response required by the internet and mobile enabled e-commerce business models.

ICSFS delivers a wide range of professional services to automate and streamline banking services. Its open systems, based on the latest technology, addresses banking business requirements in one integrated software that maintains all data in one database, providing a 360° view of the customer’s exposure.

Today, ICSFS’ success is largely attributed to its understanding of markets, by working closely with its customers, advising them to adopt the international banking standards, while addressing their local requirements. ICSFS works in ISO-9001-2008 certified environments, relying on industry standards.

ICSFS's software is designed to meet the information processing and management challenges facing the banking and finance industry today.

ICSFS understands that the universal and retail banking industry is restructuring, producing a rich supply of information and services for customers. The relationship between banks and customers is changing rapidly, requiring innovative solutions. With increasing competition and unstable economic returns, financial institutions are now looking beyond existing traditional business models to identify profitable opportunities for the future.

ICSFS also understands that, today, banking services are delivered on a smart planet, where financial institutions are obliged to connect with their customers anywhere and anytime. This is exerting pressure on financial institutions and banks to open their infrastructure and push their services to banking and non-banking customers. This will, in turn, lead to challenges of scalability, performance, security and cost.

One of the main strategies of ICSFS is to maintain a strong relationship with its partners and customers, by continuous interactions via internal and external communications; as ICSFS realizes the importance of building and preserving strong and lasting relationships with partners and customers throughout the organization, as well as all external communications. The strengths of ICSFS lie in its professionalism, flexibility and superb technical skills.

The development approach ensures a rich spectrum of features in ICSFS software, ICS BANKS®, reflecting customers’ actual process and best practice.

ICS BANKS® solutions are parameterized so clients can quickly put to use the features they need with minimal time, risk, effort and cost.

ICSFS is present in 31 countries, three continents, and has a client base of over 86 customers that are all running banks and financial institutions.

Main Products

• ICS BANKS® Core Banking
• ICS BANKS® ISLAMIC
• ICS BANKS® Credit Facilities & Risk Groups
• ICS BANKS® Remittances
• ICS BANKS® Lending
• ICS BANKS® Investment & Treasury
• ICS BANKS® Trade Finance
• ICS BANKS® ERP Suite
• ICS BANKS® SMB (Smart Mobile Banking)
• ICS BANKS® IBS (Internet Banking System)

Awards

•“Best Islamic Banking Technology Provider Middle East and Africa” 2016 - Global Banking and Finance Review.
• “Best Islamic Software Provider MENA 2015” - Global Banking and Finance Review.
• “Best Banking Technology Software Provider 2014 " - Global Banking and Finance Review.
• “Best Core Banking Solutions Provider – Middle East” - International Finance Magazine.
• “Best Core Banking Systems Technology Provider” - World Finance magazine.
• “#1 Best Selling Universal Banking System in the Middle East and NorthAfrica" IBS MENA Sales League 2014 (IBS Intelligence).
• “Banking Software of the Year 2013" - Nigeria Communications Week.
• "Best Core Banking Systems Technology Provider in Africa” - World Finance magazine.
• "Banking Software of the Year 2012" - Nigeria Communications Week.