Details of Solutions HOME---> BANKS Solutions
The ICS BANKS® Integrated Core Banking module provides comprehensive financial data management of our clients’ customer information. This System manages banking client’s head office and branch financial activities for clients’ customers on all levels. Our System is a multi-currency, branch, bank and language built on an open architecture fully scalable to any financial institution size.
Functionality:
• Account maintenance (available for all accounts) • Functionality authority and user role • Account management • Inter-branch banking • General, customer and control inquiries
Remittances is a complete straight through processing (STP) system that allows issuing money transfer whether within the country or outside the country and receiving inward transfers for the customer. The System can be implemented to initiate the booking from the branch or can be compatible with a centralized processing center.
• Provides agile platform for layered data entry • Processes transactions to appropriate ledgers • Allows data, authority and activity verification • Automatically produces SWIFT and TELEX messages
These functions provide facilities for data entry at a basic level to enable the employee to enter more relevant information, i.e. amount and type of currency exchanged, agreed buying/selling price and commission (system provides standard values). The function creates necessary transactions to debit customer account and other accounting entries. Where different currencies are involved, the System affects the currency position accounts. It also produces the confirmation. The bank authority can verify the basic data and authorise the activity.
Remittance system has several enquiries and produces various reports for correspondent bank accounts and foreign exchange activities. In addition to producing and receiving related SWIFT messages, e.g. MT103, MT202, MT200, etc).
The ICS BANKS® Credit Facilities and Risk Management module has the capability to allocate funds between the branch and the head office. Risk Management is maintained on five levels to utilize and monitor groups and subgroups limits in real time. Whereas, the Credit Facility can include up to four, unique transaction process control groups.
• Customer facility maintenance • Guarantor and collateral maintenance • Facility detail maintenance • Dynamic facility system • Revolving facilities
The application has a powerful workflow layer that automates the application handling and its follow up.
The ICS BANKS® Promissory Note module handles both the front-and-back office functions of a branch, which supports the retail operation of a bank comprised of: Discounted Personal and Commercial Bills including Personal and Auto Loan systems.
• Schedules Bills and alternative accounts • Defines additional debtor guarantors • Inquiry and reports • Settlement and classification of bills • Prepares repayment schedule with various interest and repayment methodology
The ICS BANKS® Retail and Corporate Lending modules are designed to operate in dynamic environments, which offer competitive flexibility that meets customer and market demands. ICS provides flexible repayment options for private and corporate users. At the same time, we ensure the bank’s security through full collateral support.
ICS BANKS® is based on product concept, where our customers can easily define any new product needed by setting the parameters for this product and automatically the system will check each product parameters when adding a loan. The product concept gives the facility for the bank to put the restrictions needed, i.e. loan amount, interest rate, loan period, loan method; which can also be defined as exception on the customer level.
The system provides full control over the schedule of repayment, including installment amount, dynamic commission definition, VAT, interest, grace periods and date.
The system offers many interest calculation methods of which are: Simple, compounded, flat and discounted. Major areas covered, but not limited to, are: • Revolving, reducing and subsidizing loans • Normal and flat-rate loans • Equal payments (all types) • Loans against deposits • Moratorium and microfinance lending
The ICS BANKS® Trade Finance module manages letters of credit and guarantee as well as Documentary Bills for Collection. The solution efficiently directs transfers, maintenance, preparation and multi-currency entries posts with customer-friendly control - all integrated with SWIFT message generation.
Trade Finance system is a complete STP system with a powerful workflow layer that automates the application handling. The system can be implemented to initiate the booking from the branch or can be compatible with a centralized processing center.
The ICS BANKS® Lease Financing module provides contractual services between the customer and bank. This particular module lends to sectors including: Real estate, transportation, industry, medical, tourism and agriculture.
• Settles payments on respective maturity dates automatically • Provides option to buy assets or transfer ownership • Creates equal payments schedule or calculates the interest rate with the NPV formula
The ICS BANKS® Islamic Banking module is a universal solution that is preferred over many international vendors, and is compliant with the leading, Islamic finance standards of the Auditing and Accounting Organization for Islamic Financial Institutions (AAOIFI). The solution and its Murabahah, Bai Salam, Tawarruq, Ijarah, Istisna’a, Musharakah, Mudarabah, Qard Hassan, Profit Distribution, Sukuk and Investment Accounts’ products are Shariah-compliant.
• Enables full and independent Islamic bank operations • Adds a single, Islamic banking window to existing infrastructure • Equips online, banking clients with Islamic products • Customer-and-business oriented • Parameterized design for maximum value
The ICS BANKS® Treasury module manages: Foreign-exchange dealing, money market (placement and deposit deals) and margin trading. The system can feature an interface that receives market rates and prices from external sources. The system provides ongoing information about the profitability and risk. It automatically matures and settles deals, and is capable of handling various types of instruments available in the financial market.
The online outlet generates journal transactions that record each debit and credit transaction, which displays relevant dealing room ledgers. These actions take place to provide assistance and control in the deal entry, amendment and cancellation of the various accounts.
The Treasury system is a complete STP system that generates all SWIFT Messages. The System can covers all front, middle and back office operations and has interface to 3rd party trading systems such as Reuters®
The ICS BANKS® Asset Management module provides a wide range of functionality for high, net-worth customers. This end-to-end solution can be deployed in several languages globally. ICSFS can provide a variety of modules for those involved in the acquisition, implementation and administration of assets including: purchase support staff, IT engineers, technical support and consultants.
• Procurement • Deployment • System administration • Analysis • Compliance
The ICS BANKS® Investment module package offers essential, STP as well as end-to-end event-driven processing for a wide range of financial products including securities, equities, and derivatives. The system provides deal data, limit control, position-keeping, automatic processing for transactions and confirmation, and settlement to maturity, generating all necessary accounting and reporting with risk management.
• Adds customer/bank order • Changes customer/bank order (stop or cancel) • Executes customer/bank order • Allows partial order execution • Blocks orders, back-to-back deals
The ICS BANKS® Management Information System module has myriad functions spread over the entire system, providing the management information. All systems generate and maintain operational data and its history. This data is available on the customer account, branch and bank level.
The ICS BANKS® Workflow Management STP module with Business Process Management (BPM), powered by W4, optimizes the internal process, document and flow management among various bank departments as well as enhances customer service through the internet. ICS BANKS® BPM integrates the processes, systems and people into one solution to achieve effectiveness and enhance customer service.
This system can be extended to achieve the full automation once implemented with our content management system that handles physical and cold archives in addition to many ready to use processes such as the daily jacket.
The ICS BANKS® Profitability Management module produces monthly profitability reports (MPR), which are prepared and submitted to the bank’s management on a monthly basis to evaluate the bank’s performance. This capability can also be manipulated to view performance by group, sub-group and business unit as well as assess annual, fiscal account and customer profitability.
The ICS BANKS® Customer Relationship Management module provides a single view of the customer that can be maintained, presented and updated across myriad solutions to increase business performance. The solution ensures cost savings, curtails risk and increases customer interactions and rate of acquisition. This enables integrated business processes and technological infrastructure to effectively manage relevant client information.
The ICS BANKS® Internet Banking System (IBS) module brings together a suite of front-office functionality delivered by the same core platform and database that has, traditionally, been offered to only supporting back-office activity. ICS BANKS ® online solution uses the latest web programming technologies (J2EE, XML, etc.) and computing concepts in the system’s development, ensuring an open and portable access for various hardware and operating systems platforms.
The ICS BANKS® online banking solution consists of the internet banking service provider (IBSP) and IBS, two capabilities that allow banks’ to provide customers multi-functional services that can be remotely accessed globally. Our multi-lingual system’s functionality supports the needs of retail, corporate and universal banking as well as private wealth management - areas of ICS BANKS® previous success and continued growth.
