Members News

Amman, Jordan: SunTrust Bank Nigeria, a privately held commercial bank in Nigeria, has recently conducted an executive incentivised meeting with ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, to revamp its partnership and roadmap.

The meeting was held at ICSFS’ Jordan Center of Excellence, where the new executive management team of SunTrust discussed its historically strong partner relations with ICSFS, the adoption of new products and the latest features of ICS BANKS, and conferred its roadmap and future growth.

SunTrust Bank Nigeria is poised to create value for its customers by leveraging on its competencies and a team of highly motivated staff, the bank work tirelessly to develop and provide a broad range of unique financial services and products to consumers, small business, corporations, governments, and institutions with that will positively impact their business.  The meeting joint ICSFS’ executive management and SunTrust’s executives; Chief Executive Officer; Ayo Babatunde, Head of Internal Control; Innocent Mbagwu, Head of Information Technology; Chiso Onyeso and SunTrust’s Systems Control; Olushola Seidu.

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Mumbai, India: IBS Intelligence recognised  ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, for its Core Banking Implementation during its IBS Intelligence Global FinTech Innovation Awards 2019.

The IBS Intelligence Global FinTech Innovation Awards 2019 was held on 22^nd November, at the Four Seasons Hotel in Mumbai.  ICSFS submitted its Core Implementation for The People’s Bank of Zanzibar (PBZ), which is wholly owned by the Government of Zanzibar and is one of the oldest commercial banks in Tanzania.  ICSFS chose PBZ Implementation’s success story because it is a fully-fledged commercial bank offering banking services in conventional and Islamic Banking for both, retail and corporate customers. Also, PBZ serves a wide range of business, corporate and institutional clients comprising Government and government agencies, all types of companies, societies, clubs, associations, NGOs, United Nations boards, Diplomatic Missions as well as individuals.

Robert Hazboun, Managing Director at ICSFS said;

“We, at ICSFS believe that every bank should provide a leading, high quality and innovative products and service to its customers, to stay ahead of this ever-increasing competitive business environment. Our ICS BANKS Universal and ISLAMIC Banking software suites run on the latest technology and product innovation. We have been servicing the financial and banking industry for over 25 years, and have been providing our customers with a competitive advantage over their peers wherein they are benefiting from introducing new lines of businesses based on ICSFS’ accumulative experiences in both; Conventional and Islamic Finance.” Hazboun continued “This recognition is a testament to our commitment to our clients. I would like to share this with all our customers, as we wouldn’t have achieved this without their confidence and loyalty to ICSFS.”

IBS Intelligence Managing Editor Robin Amlôt said: “In a hotly contested category, Best Core Banking Implementation, ICS Financial Systems was a very worthy for its work with People’s Bank of Zanzibar. Integrating more than 15 third party systems with the firm’s ICS BANKS and ICS BANKS Islamic with a particular focus on compliance and reporting showed the versatility of the products and the dedication of ICSFS’ team.”

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.

ESKADENIA Software, the leading Jordanian-based provider of world-class software products and services, is delighted to announce the launch of ESKADENIA Blog.

ESKADENIA Blog is a platform where ESKADENIA`s business articles will be published. It aims to share industry knowledge with its visitors through valuable content that covers various professional subjects. It will give readers new insights into improving businesses and organizations using the latest innovations in information technology and recent business trends.

“We are looking forward to contributing and collaborating with our community and business professionals on this new level, sharing knowledge and gaining valuable feedback,” said Lotfi Al-Sarori, Marketing Director at ESKADENIA Software.

ESKADENIA Blog will cover numerous subjects (classified by labels). It already contains articles covering general business technology topics across several industry sectors. Articles on using enterprise software to streamline operations in areas such as finance, HR, Supply Chain, and Customer Relationships are now available. New articles will be published periodically and more topics will be added in the subsequent weeks covering various areas including, but not limited to, Telecom, Insurance, Healthcare, and Education.

The site also aims to strengthen the readers’ engagement and give them the chance to express their opinions by rating the content and commenting on the articles. Readers can also optionally subscribe to the blog in order to stay informed with the latest published blog articles. Moreover, they can share articles they find interesting with their peers across the popular social media platforms.

ESKADENIA Software is keen to network with the society and business community through spreading awareness about the latest technologies and best industry practices by developing smart business software that meets the rapidly changing market demands.

ESKADENIA Software, the leading Jordanian-based provider of software products and technologies, held a two-day Annual Strategy Conference at the Fairmont Hotel, Amman on the 8th and 9th of January 2020 to discuss and commit to the company’s strategic plans for the new year.

The Annual Strategy Conference was attended by the extended management group of ESKADENIA to deliberate, refine and finalise the goals and objectives of 2020, as well as to review the achievements and outcome of the previous year. The Conference which has taken place every year since the company’s establishment provides a great opportunity for the company’s seniors to discuss their targets for each sector of the company for the coming years.

The Conference started with presentations by ESKADENIA founders Mr Nael Salah and Ms Doha Abdelkhaleq, looking over 2019 achievements and highlighting the high-level plans for 2020. This was followed by presentations by the company’s Sales and Marketing Directors, Business Units’ Managers, and Department Managers. Insightful sessions by ESKADENIA UAE and ESKADENIA Sweden top management were a valuable addition to the conference.

The presentations focused on each Business Unit’s objectives and strategies in the financial, products, projects, quality, and competence areas; all with the goal of fulfiling ESKADENIA’s mission of becoming a leading global provider of world-class products, services, and solutions that exceed customer/s expectations. Products Managers, Project Managers, and Team Leaders attended the conference to contribute to the strategic planning process. Everybody engaged in discussions to reach optimum objectives and targets, as well as set KPIs for the year.

The strategy conference also included an informative overview of the European IT market and technology trends with the focus on business software in Telecom delivered by Mr Alf Eriksson, the Managing Director of ESKADENIA Software AB – Sweden.

The Conference attendees expressed their satisfaction with the event and strongly felt it was beneficial and necessary to gain greater understanding of the ESKADENIA strategies in order to cascade these to the whole staff.

Manama, Kingdom of Bahrain: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, Islamic team have participated in The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) workshop, the leading international not-for-profit organisation primarily responsible for development and issuance of standards for the global Islamic finance industry.

AAOIFI held the 14th AAOIFI-World Bank Annual Conference on Sunday and Monday 06-07 Rabi Al-Awwal 1441H, 03-04, November 2019 at the Gulf Hotel in the Kingdom of Bahrain. ICSFS’ Islamic team attended a 2-day intensive workshop designed and developed for Islamic finance professionals which was held upon conclusion of the 14th AAOIFI-World Bank Annual Conference.

The workshop was conducted by AAOIFI’s Master Trainer(s) with the objective to introduce and study key points and highlights of the newly issued financial accounting standards (FAS)—from the conceptual, practical, and comparative aspects. ICSFS’ Islamic team, who are certified Islamic bankers (CIB) and certified Islamic specialists in accounting (CISA), attended the workshop where major topics and extensive usage of real-world case studies were discussed and learnt the technical complexities and implications involved in the implementation of the latest issued FAS.

ICS Financial Systems (ICSFS) has been a supporting member of AAOIFI for almost 10 years, with its ICS BANKS® ISLAMIC software suite, which is a modular fully integrated solution designed and developed following the principles of Shari’ah in compliance with the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI). ICS BANKS® ISLAMIC consists of an Islamic core system, which provides all common operations between various banking activities, and a series of Islamic modules which cover the various different operational and business requirements of our specialised segments. ICS BANKS® ISLAMIC can be offered as a complete stand-alone suite of Islamic Banking applications or as an Islamic Banking window, within the core system depending on the customer’s needs.

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 ISLAMIC 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 ISLAMIC 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.

ESKADENIA Software, the leading Jordanian-based provider of world-class software products and services, celebrated its 19^th anniversary. The ESKADENIA team celebrated the occasion on the 22^nd of October 2019 at the ST. Regis Hotel, Amman under the theme “Accelerating Digital Transformation”.

The conference began with insightful speeches by ESKADENIA’s management team focusing on this year achievements and strategies for next year. The company`s top management expressed their gratitude and appreciation for the continuous efforts of the employees and welcomed the numerous new hires that have joined the company in the past year, a proof of the company’s continuous expansion.

During the conference, corporate trainer Ms. Ghada Qassem conducted an informative session on dealing with change in the workplace and in life. Then our guest speaker, Mr. Robin Langdon delivered an outstanding presentation about the role of technology and telecom in today’s business world.

Before ending the conference with dinner, ESKADENIA`s management awarded 2019 top performers in recognition of their devotion and exceptional work.

“I was delighted to have attended such a remarkable event and also be recognized for my efforts; it is such an uplifting experience” said software developer Ashraf Matar after receiving his achievement award.

Nael Salah and Doha Abdelkhaleq founded the company in the year 2000 with the vision of becoming a global provider of world class software products. ESKADENIA Software today has more than 250 employees and exports leading software products to around 30 countries worldwide.

ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, has participated in the Astana International Financial Centre (AIFC) -Islamic Finance Week’s third annual conference organized by the Bureau for Continuing Professional Development (BCPD), to showcase its awards-winning ICS BANKS ISLAMIC banking application, exchange international experience on the development of Islamic finance in Kazakhstan and the CIS region.

Islamic Finance Week 2019 brought together international and local experts in the field of Islamic finance – ministries, universities, professional communities, developers and investors who are interested in expanding the industry, providing and simplifying access to knowledge. The event aimed at building productive discussions, with the world’s best leaders, on practical Islamic finance frameworks related to environmental, educational, technological and social issues, financial services, investments and regulatory structure of the market, as well as to inspire actions to support Kazakhstan’s own unique path.

The Islamic Finance Week program included a series of workshops by global Islamic leaders such as; Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), Zaid Ibrahim & Co (ZICO), International Centre for Education in Islamic Finance (INCEIF) and Islamic Development Bank (IsDB). ICSFS was invited to participate in the “Challenges of Digital Transformation in the Islamic Finance Industry” panel session, where Wael Malkawi; ICSFS’ Executive Director, shared ICSFS’ focus on Islamic banking implementation, especially in emerging markets, consisting of; Africa, Middle East, Southeast Asia and Central Asia.

“I would like to thank Islamic Finance Week’s organizers AIFC, for inviting us to participate in such a important event.” ICSFS’ Executive Director; Wael Malkawi stated. “ICSFS has been servicing the financial and banking industry for many decades and has witnessed the Islamic finance industry blossom in the past 20 years. Our ICS BANKS ISLAMIC software solution embraces Islamic business agility as a primary core driver of providing real value in this global competitive market.”

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 ISLAMIC 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 ISLAMIC 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.