People’s Bank of Zanzibar Joins Forces with ICS BANKS®

People’s Bank of Zanzibar Joins Forces with ICS BANKS®
27.02.2017 09:45 am

People’s Bank of Zanzibar Joins Forces with ICS BANKS®

Islamic Finance

People’s Bank of Zanzibar (PBZ), a state-owned and one of the oldest commercial banks in Tanzania has chosen  the multi-awards winning systems ICS BANKS® and ICS BANKS®ISLAMIC Systems, announces Zanzibar, Tanzania:ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions.

Under the patronage of the Chairman of PBZ; HON. Abdurrahman M.The signing ceremony took place in Zanzibar, attending the ceremony were the Managing Director of PBZ Bank; Mr.Juma Hafidh, and the Executive Director for Business Development of ICSFS; Mr. Wael Malkawi and the Territory Manager for East Africa of ICSFS; Mr. Nidal Bashaireh.

 “We are always looking forward to deliver innovative solutions for our customers, we believe that ICSFS solutions will assist us deliver innovative products and services, ICSFS has the extended experience, and technology to fulfil our vision. Hafidh added “ICS BANKS will support conventional and Islamic banking services in 18 different branches among the country, hence we believe it will provide us with extra competitive advantages and flexibility,” stated Mr. Juma Hafidh, the Managing Director of PBZ Bank.

 “We are honored to be working side-by-side with PBZ Bank in this initiative to transform core processing at the bank. We are embarking on this endeavor with PBZ Bank as strategic partners, both aligned in our vision for innovative technology to deliver a superior customer experience and enhance customer financial inclusion. We are looking forward to along-lasting partnership with PBZ Bank in addition to our great ambitions for the African market,” commented Mr. Wael Malkawi, the Executive Director of Business Development at ICSFS.

PBZ Bank launched an international tender in July of 2015, ICSFS has won over international and regional vendors competing for the deal, where it will support the banks conventional and Islamic banking services, and will start the implementation project in February 2017.

ICS BANKS provides a complete suite of banking business modules with a rich sweepof functionalities 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 utilising 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. ICS BANKS has won many awards, of which, “Best Core Banking Systems Technology Provider” at the World Finance Technology Awards that was organized by World Finance magazine, “Best Islamic Software Provider in MENA” from Global Banking and Finance Review, one of the worlds’ leading global banking and finance publications, “Banking Software of the Year” and ICS BANKS ISLAMIC has been awarded “Islamic Banking Application of the Year” at the BoICT Award that was held in Lagos - Nigeria.

Related News

Path Solutions selected as a strategic technology solutions partner of MyBank Limited Somalia

Path Solutions announced today that it had signed up MyBank Ltd., its second banking client for iMAL in Somalia, and indicated a... Read more »

Al Wifaq International Islamic Bank Selects ICS BANKS ISLAMIC from ICSFS to Maximise its Financial Efficiency

Al Wifaq International Islamic Bank for Investment and Finance, a newly established bank in Iraq, has selected the most holistic Islamic banking software; ICS BANKS ISLAMIC... Read more »

Path Solutions adjudged Best Technology Solution Provider to African Interest-Free Banking and Takaful award winner

Path Solutions, a world leader in Sharia-compliant information technology solutions and services, is proud to announce recognition as ‘Best Technology Solution Provider to... Read more »

Group Chairman & CEO of Path Solutions ranked among the Top 50 Global Leaders of the Islamic Economy

Mohammed Kateeb, the Group Chairman & CEO of Path Solutions has been listed by ISLAMICA 500 as one of the world’s Top 50 distinguished personalities who have made a major... Read more »

National Bank of Yemen Selects ICS BANKS Digital Banking from ICSFS to Drive its Digital Transformation

National Bank of Yemen (NBY), one of the largest commercial banks and a prominent contributor to the... Read more »

ICSFS sets a new standard of scalability and proofs viable solutions for the largest banks with Oracle Exadata

ICSFS, a leading universal core banking provider, with over 100 customers across the Middle East, Africa, South East Asia, Central Asia and Europe, invests in its software... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel