TIB Selects ICSFS’ Global Application Software “ICS BANKS®”

Tunis International Bank (TIB), the first bank established in Tunisia under the non-resident banking regulations, has selected ICS BANKS® from ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions.

The signing ceremony took place at the bank’s headquarters in Tunisia and officials that attended the ceremony were Mr. Mohamad Fekih, managing director of TIB; and Mr. Wael Malkawi, executive director for Business Development of ICSFS.

Fekih stated, “Our bank’s reputation has been fully established as a local provider of the highest quality products and services. We are keen to provide first class financial services to our clients. Therefore; we looked for prominent global banking solution provider that understands the Market and has thorough coverage of the highly specific international and local products.”

On his part Mr. Robert Hazboun, managing director of ICSFS commented,  “We are pleased to offer our clients a peace of mind through offering homogeneous and innovative systems that address bank’s requirements as well international standards. Our overriding aim is to provide new products and increase the benefits derived from our solutions.” Hazboun added, “Based on our project plan, the implementation process is expected to start on January, 2013.”

Malkawi; executive director for Business Development of ICSFS said, “We have always prided ourselves as being a leader in terms of utilising the latest technology innovations as well as addressing all business needs. ICS BANKS Universal Banking solution will offer TIB the most modern banking products and services available. Our flagship ICS BANKS is very well known amongst our customers for its flexibility of covering every aspect of all the modules requested, and for its ability to achieve fast adaptation to local customisation and high-speed implementation. ICSFS is expanding its footprint across North Africa, where it already exists in Algeria, Egypt, Libya and now Tunisia.”
   
ICS BANKS® provides a complete suite of banking business modules with a rich sweep of functionality 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 utilizing 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, J2EE environment.