5 years Undisputed: ICSFS receives “Best Islamic Banking & Finance Software Solutions Provider” award from World Finance

ICS Financial Systems Ltd, a global provider of premium universal and digital banking software solutions for financial services providers, once again receives the Best Islamic Banking & Finance Software Solutions from World Finance, the voice of the financial market, making it the fifth recognition of the limitless abilities of ICS BANKS® Islamic Banking solution and celebrating the relentless efforts of ICSFS to remain on the top of the banking technology industry.

Being one of the world’s first developers of fully digital Sharia-compliant Islamic Banking Solutions, ICSFS is a proud trailblazer in the global Islamic finance and banking technology scenes, offering a comprehensive suite of intuitive, scalable, and secure technologies that have been streamlining and power-driving Islamic finance operations for our clients over the past two decades; The latest of which is the recent big-bang Go-Live of ICS BANKS® Islamic Banking Solution at the world’s largest Islamic bank: Al Rajhi Bank – Jordan.

ICS BANKS® Islamic Banking Solution is built to incorporate all facets of Sharia financing, including all different interpretations and considerations for each region, making it the ideal solution for financial service providers around the world to seamlessly adopt Islamic financing either as a standalone financing model or part of a diversified services portfolio, with a remarkable ability to conform with the specific strategic business requirements of each financing provider.

ICSFS’s dedication to advancing Islamic finance through sophisticated software solutions has earned them the well-deserved title of Best Islamic Banking & Finance Software Solutions for 2024. Their commitment to integrating Sharia-compliant principles with modern technology is truly commendable.
The ICS BANKS® Islamic Open Banking Digital Platform excels with its scalability and seamless integration, incorporating advanced technologies like AI, robotics, blockchain, instant payments, real-time processing, and branchless digital banking. These features allow it to meet the specific needs of banks and financial institutions, enabling easy integration with third-party services optimizing operations and ultimately delivering a rich and user-friendly experience to the bank’s users and customers. Its flexible deployment options support existing on-premises tech infrastructure, cloud, or hybrid infrastructures, enhancing accessibility and ensuring a future-proof solution adaptable to market changes, all while maintaining a lower total cost of ownership (TCO).
We are incredibly honoured to receive the Best Islamic Banking & Finance Software Solutions for the fifth consecutive year. This milestone reflects our dedication to delivering top-tier, innovative solutions in the Islamic finance sector. Being the first banking software provider to achieve this distinction for five straight years is a remarkable accomplishment and highlights the tireless efforts of our team. At ICSFS, we strive to push the boundaries of technology and ensure that our products meet the highest standards of Shari’a compliance, not to mention the expectations of our current and future clients. This award inspires us to continue evolving and adding exceptional value to our pride and joy: ICS BANKS® “Mr. Wael Malkawi, Executive Director – ICSFS”.
As the global Islamic finance ecosystem continues to expand exponentially, the number of countries incorporating at least one type of Shari’a-compliant financial product grew from 47 in 2021 to 56 in 2022. Additionally, total Islamic financial assets increased from nearly $4.0 trillion in 2021 to $4.5 trillion in 2022. This demonstrates that Islamic financing is not limited to Muslim-majority countries or regions and highlights the many benefits of this holistic economic model. Such traction needs to be met with a banking solution infrastructure that can handle such rapid growth and complex transformation.

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, hybrid, or cloud.

Orange Jordan Solidifies its Digital Leadership by Launching the All-In-One “Max it” Application

Under the Patronage of the Ministry of Digital Economy and Entrepreneurship

Orange Jordan Solidifies its Digital Leadership by Launching the All-In-One “Max it” Application

Orange Jordan started off the year on a high note taking a quantum leap in the customer experience arena with the launch of its first-of-a-kind application “Max it”, serving as an All-in-One super app. The launch took place during a press conference organized under the patronage of His Excellency the Minister of Digital Economy and Entrepreneurship, Eng. Sami Smeirat. This step while embodying “Orange is Here”, reveals the “one application for everything” concept to customers elevating their whole experience in unprecedented ways. The launch was announced during a press conference that was attended by the Orange’s executive management and media representatives.

The all-in-one new super app enables customers to manage My Orange, jood, Roamkit, Weinak, and Orange Money in one place. It was designed to serve the purpose of being their destination for the new features including multi-line management and the marketplace where customers can explore and purchase Orange’s products including the non-telco products, in addition to the reward feature.

The CEO of Orange Jordan, Philippe Mansour, emphasized that this launch further solidifies Orange’s position as the true responsible digital leader. The super app “Max it” will be reshaping the future of customers’ experience as they will no longer need to download more than one application to manage their multiple requirements. Furthermore, Orange’s customers and other networks’ subscribers will be benefiting from the new application and its revolutionary features.

Mansour also expressed his pride in Orange’s vision that is coupled with the team’s continued efforts and the global expertise to transform the whole experience of the customers in Jordan. The result is nothing but a breakthrough in the digital scene.

Given Orange’s belief that the educational part should go hand in hand with the new products and services, it conducted a panel discussion on the sidelines of the press conference. Experts from Orange discussed the advantages of the application in detail and how customers can smoothly transition to it without affecting their current experience. They also shed light on the company’s future plans with regard to the application, in particular and the customer experience in general.

It is worth mentioning that Max it, which embodies Orange’s spirit of innovation in Africa and the Middle East, has already been launched in several countries and will soon be expanded to other countries where Orange is present in the region.

The app is now available on iOS and Android devices, to download the application: https://bit.ly/MAXIT_jo

 

شركه أساس تك تقود مستقبل التحول الرقمي والتقنيات السحابية

بفخر كبير، نظمت شركة aSaaStech بالتعاون مع Zarqa University ورشة تدريبية متخصصة لأعضاء هيئة التدريس في كلية الإعلام، ركزت على كيفية استخدام نظام Odoo في تصميم المواقع والمنصات الرقمية، وتعزيز دور الأتمتة في المؤسسات التعليمية.

 كروّاد في مجال الخدمات السحابية والتقنيات الرقمية، قدمت شركة aSaaStech دعمًا شاملاً للبنية التحتية السحابية باستخدام Amazon Web Services (AWS) ، مما يتيح لجامعة الزرقاء الخاصة إمكانية استضافة جميع طلابها وأعضاء الكادر الأكاديمي على منصة تعليميه سحابية قوية وآمنة. هذا الحل يعزز الكفاءة التشغيلية، سهولة الوصول إلى المعلومات، ويؤمن استمرارية العملية التعليمية.

 من خلال هذه الورشة، قمنا بتوضيح كيف يمكن لنظام Odoo أن يصبح أداة فعالة لتطوير العملية التعليمية وإعداد كوادر أكاديمية متميزة.

 الورشة تضمنت نقاشات حول سبل التعاون المستقبلي لعقد ورش تدريبية تستهدف الطلبة وأعضاء هيئة التدريس، مما يعزز الابتكار الرقمي ويجعل العمل أكثر تنظيمًا وسهولة.

 نتوجه بالشكر إلى العميد الدكتور Dr-Amjad O. Safori الدكتور Wael Shara والدكتور Mohammad Fawwaz Eneizat على دعمهم لهذه المبادرة وحضورهم الذي ساهم في نجاح هذا التدريب المخصص.

 لقراءة المزيد عن تفاصيل الورشة عبر موقع جامعة الزرقاء، يمكنكم زيارة الروابط أدناه:

https://lnkd.in/eAX-shmg

https://lnkd.in/esZy6fcb

نؤمن بأن الاستثمار في التقنيات السحابية وأدوات الأتمتة هو ركيزة أساسية لدعم المؤسسات التعليمية وتعزيز كفاءتها الأكاديمية والإدارية.

اتفاقية تعاون استراتيجي بين شركة أبولو للتحول الرقمي وشركة آرتي كيز لتعزيز الابتكار والتقدم التكنولوجي

يسعدنا في أبولو لحلول التحول الرقمي أن نعلن عن شراكتنا الاستراتيجية مع آرتي كيز، حيث نعمل معًا على تقديم حلول تقنية متقدمة تجعل التحول الرقمي أكثر سلاسة وكفاءة للشركات.

من خلال الجمع بين خبرتنا في الأتمتة والتحول الرقمي، وحلول الذكاء الاصطناعي وأتمتة العمليات الروبوتية لدى آرتي كيز، نفتح آفاقًا جديدة للابتكار، ونساعد الشركات على تحسين الأداء وتقليل التكاليف بطرق أكثر ذكاءً.

هذه مجرد بداية، ونتطلع إلى تحقيق تأثير حيقي معًا!

شركة أساس تك تشارك في ورشة عمل شركاء Odoo لتقديم أفضل الحلول التقنية المتكاملة

يسعدنا في شركة أساس تك أن نكون جزءاً من ورشة عمل شركاء Odoo المتميزة التي عُقدت اليوم في الأردن. لقد كانت ورشة العمل مثمرة وغنية بالمعلومات القيمة، حيث تم استعراض النتائج السنوية لOdoo، والتحديثات الهامة لبرنامج Odoo لإدارة الموارد (ERP)، مما يضمن لعملائنا الاستفادة من أحدث التقنيات والأدوات.

كما ناقشنا التحديات المشتركة التي تواجه قطاع الأعمال، وتبادلنا الرؤى والأفكار مع المدراء المسؤولين عن الشركاء، و نود التقدم بالشكر الجزيل للسادة Ahmed Gadou | Omar Zeidan على المعلومات القيمة التي قاموا بتقديمها.

إضافة إلى ذلك، تعرفنا على معلومات هامة حول برامج البنك الأوروبي لإعادة الإعمار و التنمية (EBRD) و المخصصة لدعم قطاع الأعمال الناشئة والصغيرة والمتوسطة، الأمر الذي يفتح آفاقاً جديدة لدعم رواد الأعمال في الأردن. وهنا نود التقدم بالشكر لكل من: Khaled Saheb. CMA., MBA. | Louai S. | Bodour Mahdawi

نتطلع في أساس تك إلى مزيد من النجاحات و الشراكات والمشاريع المشتركة مع Odoo ، مواصلين التزامنا بتقديم أفضل الحلول التقنية المتكاملة لعملائنا، والمساهمة في نمو قطاع الأعمال في الأردن و خارجها

PROTECH is now a Gold Partner with Tenable

This prestigious partnership is a testament to our expertise in providing world-class cybersecurity solutions. As a Tenable Gold  Partner, we are excited to offer even more advanced solutions to protect our clients’ digital environments and help them stay ahead of emerging threats.

A big thank you to the Tenable Team for their hard work and dedication in making this possible. This milestone reflects our commitment to providing top-tier cybersecurity solutions and strengthens our partnership with Tenable.

Looking forward to continuing to deliver value and innovation through this collaboration. Here’s to many more successes together!

أورنج الأردن تستقبل معالي وزير الاقتصاد الرقمي والريادة

تشكل الشراكة الاستراتيجية والممتدة بين أورنج الأردن ووزارة الاقتصاد الرقمي والريادة مصدراً للفخر؛ حيث إنها تعكس مدى  قوة العلاقات بين القطاعين العام والخاص، وذلك بهدف تحقيق رؤية التحول الرقمي الوطنية. في هذا الإطار، استقبلت الشركة معالي وزير الاقتصاد الرقمي والريادة، المهندس سامي سميرات، في مقرها الرئيسي في البوليفارد – العبدلي.

وجسدت هذه الزيارة مساعي الطرفين المستمرة لتعزيز شراكتهما للمساهمة بصورة فاعلة في تنمية الاقتصاد الوطني وريادة الأعمال، حيث استعرضت أورنج مشاريعها الرائدة وإنجازاتها الرقمية التي تقرب الأردن خطوات من أن يكون وجهة وملتقى إقليمي تكنولوجي مميز.

وتطرق الطرفان إلى الخطط المستقبلية المتمثلة في إطلاق المزيد من المبادرات التي تبني على جميع ما تحقق في مجال الرقمنة خلال العقود الماضية.

وثمن معالي المهندس سميرات دور أورنج الفاعل في تطوير مشهدي الاقتصاد الرقمي والريادة، فضلاً عن تمكين الشابات والشباب من إطلاق العنان لقدراتهم الكامنة وتشجيعهم على الابتكار والإبداع حيث يشكل ذلك المحرك الرئيسي لذلك.

من جهته تقدم الرئيس التنفيذي لأورنج الأردن، فيليب منصور، بالشكر لمعالي الوزير لدعم الوزارة المستمر للجهود الهادفة إلى تمكين اقتصاد رقمي مستدام وبيئة داعمة لريادة الأعمال، مشيراً إلى فخر أورنج بهذه الشراكة الممتدة على مدار ٢٥ عاماً والساعية لتكثيف الجهود واستثمار الخبرات لدعم التحول الرقمي، بما يسهم في بناء مستقبل أردني تكنولوجي.

JoPACC Hosts Demo Day for Green Fintech Innovation Challenge: Empowering MSMEs Toward a Sustainable Future

In the presence of representatives from JOIN Fincubator’s three sponsoring banks: Jordan Kuwait Bank, the Housing Bank for Trade and Finance, and Jordan Islamic Bank, along with representatives from the German Agency for International Cooperation (GIZ), the Jordan Payments and Clearing Company (JoPACC) held a Demo Day for the “Green Fintech Innovation Challenge: Empowering MSMEs”.

This challenge, which was announced last December for Jordanian Green fintech companies, was sponsored by the GIZ and aimed to find innovative green solutions for fintech companies.  The objective is to address environmental goals in broader green fintech concepts, whether developing new financing models, eco-friendly investment tools, or technologies that support sustainable growth to advancing Jordan’s financial sector toward a greener, more inclusive future. Participants will have the opportunity to compete for prizes worth up to 100,000 JOD and qualify the winning companies to work on a “Proof of Concept” (PoC) that can be implemented in both commercial and Islamic banks.

The Demo Day included presentations by seven shortlisted companies, who showcased their business models and solutions to a judging panel comprising industry experts from the three sponsoring banks of JOIN Fincubator, who in turn evaluated and rated the proposed solutions. Consequently, 4 finalists were selected for the next phase of the challenge which is 1on1 in-depth meetings with the sponsoring banks: Leaf Now Pay Later, Golden Sand, InvoiceQ, and iPlant.
The Green Fintech Innovation Challenge consists of two stages. The first stage included a month-and-a-half registration period, during which we received over 100 applications. Seven of these applicants advanced to the second stage, where they presented their solutions during the Demo Day. The winners will implement their Proof of Concept (PoC) within 60 days of the announcement, working closely with the sponsoring banks of the JOIN Fincubator. Notably, JoPACC will cover the costs associated with the implementation of the PoC.

Strategically, through the Corporate Challenges organized by its fintech incubator; JOIN Fincubator, JoPACC aims to position Jordan as a hub for pioneering technological innovations that benefit both the Kingdom and the region.

Once Again, ICSFS Triumphs with “Best Digital Banking and Finance Software Solutions” Award for 2024

Our award-winning digital banking solution integrates seamlessly across all digital channels, ensuring users enjoy a consistent and superior experience no matter how they choose to bank. Security is at the core of all ICS BANKS® solutions and products, employing cutting-edge cybersecurity technologies to safeguard sensitive data and transactions, meeting the highest international standards including The Information Security Management System (ISMS) ISO/IEC 27001 Certification.

Personalization is another key strength of the ICS BANKS® solution. Leveraging artificial intelligence and machine learning, it delivers tailored banking services and recommendations, significantly enhancing customer satisfaction and engagement. Open banking architecture further enable banks to collaborate with third-party providers, expanding the range of innovative services available to customers.

Designed to be flexible and scalable, ICS BANKS® caters to banks of all sizes—from small community banks to large international institutions both Universal and Islamic, ensuring regulatory compliance across various jurisdictions, and making it easier for banks to navigate the complex regulatory landscape.

We are delighted to honour ICSFS with the award for Best Digital Banking & Finance Software Solutions for 2024. Their innovative approach and cutting-edge technology have set new benchmarks in the digital banking landscape, providing unparalleled solutions that enhance efficiency and customer experience in the financial sector
World Finance

The recognition by World Finance further reinforces ICSFS’s role as a reliable ally for banks and financial institutions aiming for digital transformation and sustainable growth. By merging cutting-edge technology with deep industry knowledge, ICSFS keeps pushing the progress of digital banking, using advanced technology to provide solutions that enhance growth and streamline operations for financial institutions globally.

From his side, Mr. Wael Malkawi; Executive Director of ICSFS said:

We would like to once again thank World Finance for recognizing ICSFS as the best digital banking and finance software solutions provider for 2024. This award comes as a testament to our strong commitment to innovation and excellence. Our ICS BANKS® Digital Banking Solution is designed to empower banks to deliver exceptional digital experiences to their customers, and this recognition reinforces our position as a leader in the industry.

Mr. Wael Malkawi, Executive Director – 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, hybrid, or cloud.

OIC-CERT & Huawei release framework to secure software supply chains across member states

 

Huawei, in collaboration with the Organization of the Islamic Cooperation-Computer Emergency Response Team (OIC-CERT) and the Oman National CERT, today announced the release of the OIC-CERT Software Supply Chain Security Framework. This framework provides crucial guidance to OIC member states on establishing robust software supply chain security management, ensuring end-to-end cybersecurity. This comes at a critical time when cybersecurity is a top priority for businesses in the region, with 55% of companies in the Middle East prioritizing mitigating digital and technology risks over the next year, exceeding the global average of 53%, according to a report by PwC. Within this, cyber risks remain a significant concern, with 42% of regional businesses focusing on them.

Developed by the OIC-CERT Supply Chain Security working group, co-chaired by the Oman National CERT and Huawei, the framework addresses the growing complexity and interconnectedness of software systems and the increasing risks of supply chain attacks. It offers practical guidance for regulatory authorities in member countries to formulate effective policies for software supply chain manufacturers and service providers.

The framework provides a comprehensive approach to software supply chain security governance, covering key areas such as supplier cybersecurity management, open-source software management, R&D and production management. It guides organizations in implementing security measures throughout the entire software lifecycle, from evaluating and selecting suppliers to securing the development and deployment processes. It also emphasizes the importance of managing open-source software components and integrating security practices into research, development, and production environments. This holistic approach aims to mitigate risks throughout the software supply chain.

Aloysius Cheang, Chief Security Officer for Huawei in the Middle East and Central Asia, said: “Huawei is committed to collaborating with global partners to enhance cybersecurity for all. This framework represents a significant step forward in strengthening software supply chain security across the OIC member states. We believe that by working together and sharing best practices, we can create a more secure and trustworthy digital environment for everyone.”

 Dr. Saleh Said Al Hashmi at Oman National CERT, highlighted the significance of this framework and the value of collaboration, stating: “In today’s interconnected world, software supply chain security is paramount. This framework provides a crucial foundation for OIC member states to build resilient digital economies. Our collaboration with Huawei leverages their expertise and industry insights to develop comprehensive guidelines that address the evolving threat landscape. By adopting these recommendations, nations can effectively mitigate risks and protect critical infrastructure. We believe this joint effort will significantly enhance cybersecurity across the OIC community.”

The framework’s release comes at a pivotal moment, as software supply chain attacks continue to evolve and pose significant threats to organizations and nations. By prioritizing supply chain cybersecurity, OIC member states can protect their digital assets, foster trust, and enhance resilience in an increasingly interconnected world.

This initiative underscores Huawei’s ongoing commitment to contributing to the development of cybersecurity standards and enhancing industry security capabilities. By collaborating with international organizations like OIC-CERT, Huawei aims to support the building of cyber resilience and contribute to a more secure and trustworthy cyberspace.