People’s Bank of Zanzibar Selects ICS BANKS® and ICS Banks® Islamic System from ICSFS

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

On this occasion, the Executive Director of Business Development at ICSFS; Mr. Wael Malkawi commented:

“We are honored to be working side-by-side with PBZ in this initiative to transform core processing at the bank. We are embarking on this endeavor with PBZ as strategic partners, both aligned in our vision for innovative technology to deliver a superior customer experience. We are looking forward to a long lasting partnership with PBZ Bank in addition to our great ambitions for the African market”

The Request for Proposal (RFP) was launched 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 January 2017.

About ICSFS:

ICS Financial Systems (ICSFS), part of the International Computer Systems (London) Ltd. group, is a leading provider of modular, core banking systems. ICSFS’ success can be attributed to our turnkey offering, ICS BANKS that serves and supports customers across the globe. ICS BANKS is a fully integrated universal, banking application that deploys a solution and a range of professional services to automate and streamline banking services.

ICSFS provides business and technology solutions for financial institutions in countries across the world, helping financial clients select and implement the best tools to achieve their business needs, and to integrate services and e-commerce features fully into their operations – crucial given the speed and flexibility of response required by the Internet and mobile enabled e-commerce business models.

ICSFS caters to the needs of modern financial institutions.  ICS BANKS is packaged as one complete solution to provide a complete integrated, parameterised, flexible and scalable end-to-end solution that covers all banking activities.