ICS Financial Systems Limited (ICSFS), a global software and services provider for banks and financial institutions and a Gold level member of Oracle PartnerNetwork (OPN), today announced it has been selected as the winning partner for Oracle FY18 Middle East and North Africa – ISV Cloud Innovation.

ICS Financial Systems was presented the Oracle FY18 Middle East and North Africa Innovation award in the presence of its peers and Oracle executives during the “Oracle Partner Day” on Tuesday, February 6th, 2018 at the Four Seasons Hotel Beirut. The award reflects ICSFS’ demonstration of skills and expertise by achieving the certification of its flagships; ICS BANKS Conventional, ICS BANKS ISLAMIC and ICS BANKS Digital Banking on Oracle Cloud Platform.

ICSFS is one of the first Oracle ISV partners in the MEA region to adopt cloud technology and obtain full cloud certification – full market place registration – and has fully deployed its solutions on Oracle Cloud for production use to their clients. Also, ICSFS has been working closely with Oracle to incorporate the latest emerging technology services, including blockchain, artificial intelligence and mobile bots within ICS BANKS Digital Banking Platform.

Oracle Cloud is the industry’s broadest and most complete public cloud, delivering enterprise-grade services at every level of the cloud technology stack including software as a service (SaaS), platform as a service (PaaS), infrastructure as a service (IaaS), and data as a service (DaaS).

Upon receiving the award, Wael Malkawi, Executive Director of ICSFS said, “We are honoured to receive such an award from Oracle, and are committed to becoming the most innovative cloud-centric financial solution provider running on Oracle Cloud Infrastructure.” Malkawi added, “ICSFS is also dedicated to continuously improving and innovating to deliver quality comprehensive banking and financial solutions to its customers.”

ICS BANKS provides a complete suite of banking business modules with a rich sweep of functionalities and features, addressing business needs and automating accounting processes, as needed, to improve a bank’s business performance. 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 is deployed in a multi-tiered setup that runs on a web thin client.