International Computer Systems (London) Ltd (ICS) -ICS BANKS core banking system | for targeted market segments: Universal, Retail, Islamic, Private, Corporate, Commercial, Wholesale banking
Overview:
International Computer Systems (London) Ltd (ICS) is dedicated to software development and integration for the banking industry since 1978. ICS has become a leading company in the field of banking automation technologies and services. Its integrated banking solution, “BANKS”, is a complete, integrated, modular solution. It includes full delivery channels support and handles Retail, Corporate, Investment and Commercial banking activities with Work Flow Management, in addition to Corporate MIS, CRM, Risk Management, Basel II and Islamic Banking solutions. The system is built on Oracle 11g technologies in a Thin Client Browser-Based environment and available on many environments, including Red Hat Linux. ICS solutions helps clients face the challenges of 21st century banking such as the changing expectations of customers, the huge range of different services and financial products that can be offered, and the intensity of new competition. ICS provide Banking clients with flexible ‘best-of-breed’ technology and quality support, that is made possible by their dedicated team of programmers and banking & finance business experts. Their team has successfully delivered turnkey solutions to clients of all sizes based on over three decades of experience.
The scalability of BANKS software addresses the full range of banking business needs from those of small banks through to multi-national banking businesses. The software works to implement each client's strategies and to assist their growth. ICS provide a multi-lingual solution with various processing periods, chart of accounts and currency codes. Flexibility is provided by the rich features that allow a client to choose only to implement the central module or core in order to fully automate and run daily Banking operations. In addition, the ease of integrating the many other optional subsystems to this core means clients can choose to quickly access a range of subsystems that provide extended functionality (providing for general maintenance of non-financial data related to specialized business activities - such as Internet or Mobile Banking, etc.). Options can be implemented at each client's complete discretion and convenience.
Product: 
ICS BANKS solutions for Core Banking,
Islamic Banking, Remittances,
Credit Facilities & Risk Management,
Promissory Notes, Retail Lending, Corporate Lending, Trade Finance, Finance Leases, Asset Management,
Investment including E-Brokerage, Management Information System,
Workflow Management, Profitability Management, Treasury, E-Channels including SMS & IVR, Customer Relationship Management
ICS BANKS software provides total financial data management of their client's customer information. It handles all financial activity for banking and financial services institutions and their customers - either at a customer account level, or at the General Ledger account level. BANKS structure is flexible - the client bank selects its base and foreign currencies, chart of accounts, various period ends and processing parameters.
Core Banking functions applied:
Home Bank Maintenance: This is the highest level of parameterization, by which the bank defines parameters which sets the outline of its policies, such as defining base and local currencies, period ends and processing parameters.
Product Maintenance: This is what other people call chart of accounts; by this the bank defines any new product with all its parameters and accounting controls.
Currency Maintenance: This allows the bank to define its own currency codes and other currency related parameters (i.e. week-ends, weekend days, minor currency units, etc.)
Branch Maintenance: This maintains data for Bank branches - descriptions, type and details of branches’ data communication.
Charges: This provides facilities to set charges for various bank services, so the system can calculate service costs and debit customer accounts and can be defines on two levels; Bank level and Account level
Function Authority/User Roll: All application functions have a departmental and maximum/minimum authority level that can be set by the user bank.
General Ledger
Account Management: The following list includes a few of the accounts that can be created using various in-built accounts parameters - Current Accounts, Saving Accounts, Time Deposit Accounts,
Call Accounts,
Overdraft Accounts.
Interest calculation: The system has the ability to adjust the interest. Backdated transactions or retroactive change in interest rate or calculation parameters could require this. The process is capable of using tiered interest rates either incrementally or totally. System supports floating interest rate and other methods.
Transaction Processing: Transactions update the Account and Contra balances in real time, always utilizing verification features (including requests for automatic manager approval for exceptional transactions).
Inter-branch Banking
Clearing
Postdated Cheques
Standing Instructions / Standing Orders
Enquiries: Numerous enquiry features are embedded in the system - for retrieving customer information quickly or for operation monitoring and control.
Customer Enquiries: A wide range of pre-specified enquiries exist at customer and account level.
Control Enquiries: Extensive enquiries providing information for monitoring and controlling operational activities at branch and bank level
Customer Deposits
Cash Management
Transaction Processing for Optional modules
System Security and Control
Reports: The core system provides all the standard reports. More than five hundred regular reports exist in the system. In addition the user can easily specify his requirements either to be implemented as a regular feature of BANKS or for itself. Most of the reports are scheduled. These also can be requested any time during the operation of the system. Each optional subsystem has its own set of reports.
Platform: Unix, Windows NT/2000, Linux, AIX, Open C language code, Open Java development environment , Oracle 10g, Oracle 11g.
Clients:
(IBS 2008 primarily universal banking | BANKS | Total Customers: 45 / New Signings in Yr: 6)
(IBS 2007 primarily universal banking | BANKS | Total Customers: 39 / New Signings in Yr: 10)
(IBS universal 2006 / BANKS - Total Customers 38 / Live Sites 40)
Clients include:
Arab Jordan Investment Bank - Cyprus, Doha, Jordan
United Gulf Bank - Bahrain
Guaranty Trust Bank, UK
Warka Bank for Investment and Finance, Lebanon
Contact:
UK Head Office
The Courtyard, 14a Sydenham Road
Croydon, Surrey, CR0 2EE, UK
Tel +44 (0) 20 8681 5421
Fax +44 (0) 20 8688 1673
Jordan Branch
P.O. Box 950499 Amman 11195 - Jordan
Tel +962 6 5344088
Fax +962 6 5346494
Website URL: www.icslondon.com
