ICSFS Showcases Universal Banking Solution in Turkey

ICS Financial Systems (ICSFS), a global leader in the banking software industry, showcased its complete suite of banking software offerings at the Banking Technology Turkey Summit, which was held in Istanbul, Turkey at Point Hotel Barbaros from May 6 - 9, 2013.

ICSFS introduced its products to the Turkish Financial Market, for the following financial sectors: Universal Banking, Retail Banking, Wholesale Banking, Corporate Banking, Commercial Banking, Investment Banking, Islamic Banking (Participation), Finance Leasing and Microfinance.

IQPC‘s Banking Technology Turkey Summit attracted the highest level decision makers in one place at one time. The summit also offered a unique networking and knowledge sharing platform to discuss how efficient risk management, e-banking and secure payment systems are changing the face of banking in Turkey.

Mr. Wael Malkawi; executive director for Business Development of ICSFS commented on the event, “The main reason we participated in the Banking Technology Turkey Summit is to achieve our strategy of strengthening our presence in the Turkish market, especially that ICSFS’ flagship, ICS BANKS® software, has been selected by Turkish banks and currently used outside of Turkey. ICSFS offers a complete suite of banking business modules with a rich sweep of functionalities and features, with the ability to quickly roll out innovative products in diverse markets, considering local and country specific requirements.”

The event primarily covered key topics including investing for future efficiency and complying with new regulations and standards such as Basel ii and iii, interoperable solutions that ensure risk mitigation, flexible e‐banking and payments products and services, converting banks to a state‐of‐the‐art operation by selecting the right blend of internal and external solutions and discovering new technologies in alternative channels.

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.