ITS - International Turnkey Systems - ETHIX total banking solution (repackaged ITS Core Banking Solution, ITS Islamic Banking Solution)
Overview:
International Turnkey Systems (ITS) is a Kuwait based provider of integrated information technology solutions and software services to a wide spectrum of industries and government entities across the Middle-East, Africa, the Asian region and beyond.
As a leading provider of turnkey IT infrastructures and software solutions for banks and financial institutions, ITS offers a full conventional and Islamic core banking system capability (which is based on Harland Financial Solutions Phoenix system). Their banking products cover the conventional banking sector, Islamic banking solutions, Trade finance and Internet banking. The range of banking and finance industry integration applications packaged under the ETHIX suite includes:
ITS Islamic Banking Solution
ITS Core Banking Solution
ITS Fluid Internet Banking Solution
ITS Risk Management Solution
ITS Anti-Money Laundering
ITS Signature Verification
ITS ATM and Cash Handling Solution
ITS Point of Sale (POS) Solution
ITS Treasury and Capital Markets Solution
ITS Internet Banking Solution.
ITS Branch Automation
ITS Card Management & ATM Switch
ITS Trade Finance
Product: ETHIX total banking solution (repackaged ITS Core Banking Solution, ITS Islamic Banking Solution)
In 2010, ITS repackaged their total banking solutions as ETHIX. ETHIX covers the whole range of Islamic Banking (Finance, Retail, Corporate, Investment, delivery channels, Trade Finance, Risk Management), the solution is technology independent where the financial institutions are able to select the preferred technology provider (Microsoft, Oracle or Sybase) , as of May 2010, all of those releases are running in different banks like (Abu Dhabi Islamic Bank, Egypt – Sybase release , Ahli United Bank, Kuwait (Oracle Release), Kuwait Finance House , Investment , Saudi (Microsoft Release). From a business point of view, the solution's Islamic contracts are certified by AAOIFI.
ITS' comprehensive set of Islamic banking products include custom-made Ejara solutions, that follow the operation principles of the Islamic Sharia.
ITS Islamic Banking applications include: Consumer Financing, Islamic Trade Finance, Retail Islamic Banking, Islamic Ijarah Card Product, Islamic Treasury/Investment.
ITS’s core banking system is an integrated client / server banking environment with a worldwide user-base of over 150 customers. ITS' core backing system supports all core areas of bank data processing. It delivers financial reporting and management decision support. ITS' core banking system helps manage customer relationships effectively. It measures value and risk of customers at an individual or relationship level, and allows users the flexibility to benefit from market change. The core banking solution also includes all the features and functionalities needed by Midle East banks and financial institutions, and supports cost-effective, multi channel, customer-centric business.
(for more information see ITS )
Platform: Open (Microsoft, Oracle or Sybase platform)
Clients:
Abu Dhabi Islamic Bank, Egypt
Ahli United Bank, Kuwait
Arab Bank for Investment & Foreign Trade (ARBIFT)
Commercial Bank of Dubai
Bank of Bahrain and Kuwait
Kuwait Finance House, Investment, Saudi Arabia
ITS reports it has transformed 3 banks completely into Islamic banking (as at 5.2010):
Kuwait International Bank (by replacing Temenos old version)
Ahli United Bank , Kuwait (formerly Bank of Kuwait and Middle East)
Abu Dhabi Islamic Bank, Egypt (National Development Bank)
Contact:
Head Office Address:
ITS Tower
Mubarak Al Kabir Street
P.O. Box 26729
Kuwait Safat 13128
Kuwait
other Offices in:
Saudi Arabia (3) | UAE (3) | Egypt (2)
Lebanon | Qatar | Syria | Oman | Iraq | Kuwait
Jordan | Bahrain | Yemen | Pakistan | Sudan | Bangladesh | Algeria
Phone: +965 240-9100
Fax: +965 240-8664
Website: www.its.ws
eMail: marketing@its.ws
Related Link: ww.itsoft.com.eg (subsidiary: Itsoft, Egypt)
