Jordan Kuwait Bank (JKB) has announced the successful go-live of ICS Banks from ICS Financial Systems Limited (ICSFS)
The main requirement for the bank was the application of a fully-fledged solution that provides a full range of modules and incorporates a flexible group model. JKB has implemented ICS Banks to offer modern products through the use of the newly applied suite of applications that cover core banking, remittances, credit facilities & risk groups, lending, trade finance, treasury & investment systems and wealth management.
The Chairman of JKB; His Excellency Mr. Kabariti, stated: “With the new Universal banking system, ICS BANKS, JKB will be able to provide complete suite of banking services meeting all local and international standards and requirements in the financial sector. On this occasion, I would like to thank ICSFS’ and our teams for their great efforts towards completing the project and launching the system successfully.”
Managing Director of ICSFS; Mr. Robert Hazboun commented: “We are delighted to bolster a successful partnership with JKB. ICS BANKS will enable rapid delivery of a consistent set of comprehensive products and services, which will help the bank transform operational procedures to meet current and future financial industry standards. We would like to seize this opportunity to express gratitude to JKB for having entrusted their systems with us and spared no effort to achieve this milestone.”
Whitepapers
Related reading
5 ways blockchain can change the cross-border payments landscape
Cross-border payments is a changing sector of the industry, driven by customers demanding little to no friction and encountering multiple steps, intermediaries ... read more
The SME technology revolution | video
The UK is home to 5.4m micro SMEs that have fewer than nine employees, according to the House of Commons library. They ... read more
JP Morgan blockchain network showcases banks’ DLT progress
JP Morgan’s expansion of its blockchain-based interbank payments project signals that major banks are stealing a march on disruptors and startups by ... read more
Security a priority for EU’s INATBA blockchain taskforce
The European Commission’s new blockchain initiative, the International Association for Trusted Blockchain Applications (INATBA), should focus on quashing extant security concerns around ... read more