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JKB implements ICS Banks

Jordan Kuwait Bank, one of the largest and fastest growing banks in Jordan, officially announced the successful go-live of ICS Banks from ICS Financial Systems, the global software and services provider for banks and financial institutions. The bank replaced many legacy systems, one of which was an in-house system, and 25 banking satellite systems. The main requirement for the bank was the application of a full-fledged bank -in- a- box solution that provides a full range of modules and incorporates a flexible group model. The bank has implemented ICS BANKS to offer modern products through the use of the newly applied suite of applications that cover core banking, remittances, credit facilities and risk groups, lending, trade finance, treasury & investment systems and wealth management. The bank also deployed other supporting systems such as, ICS BANKS Retail and Corporate IBS (internet banking system), fixed assets, provisioning, in addition to business intelligence and data warehousing.

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