Jordan Kuwait Bank Selects ICS BANKS® for a Complete Universal Banking System

May 7, 2012 - PRLog -- Jordan Kuwait Bank (JKB), one of the largest and fastest growing banks in Jordan, the winner of many international banking awards and a member of Burgan Banking Group, the regional banking arm of Kuwait Projects Co. (KIPCO) has selected ICS BANKS® from ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, to be the new software solution for JKB.

The signing ceremony took place in Jordan, at the headquarter offices of Jordan Kuwait Bank. Officials attending the ceremony on behalf of JKB were the Chairman; H.E. Mr. Abdel Karim Kabariti, the General Manager; Mr. “Moh’d Yaser” Al-Asmar, Executive Manager for Public Relations Department; Mr. Suhail Turki, Head of Risk Management & Compliance Group; Mr. Shaher Suleiman, the Assistant General Manager for Retail & Consumer Products Dept.; Mr. Haethum Buttikhi, and the Assistant General Manager for Information Technology; Mr. Kamal Hazboun, and on behalf of ICSFS were the Chairman; Mr. Essam Samara, Managing Director; Mr. Robert Hazboun, and Executive Director for Business Development; Mr. Wael Malkawi.


The Chairman of JKB; His Excellency Mr. Kabariti, stated,
“High flexibility, enhanced efficiency, and latest technologies are key factors in our decision to select ICSFS’ solutions. We strive to maintain the highest standards in the banking industry, and we believe that choosing ICSFS as strategic partner, and ICS BANKS® as our banking application will help us grow our business.
Chairman of ICSFS; Mr. Essam Samara stated,
“We are honoured to be chosen by Jordan Kuwait Bank from amongst many international banking software providers. Jordan Kuwait Bank can be confident of developing its business supported by our innovative solutions, and we are confident in working with the bank to provide peace of mind in adapting to today's challenges facing the banking and finance industry.”  
General Manager of JKB; Mr. Mohammad Yaser Al Asmar stated,
“Our financial offerings and services will improve significantly with the facilities and technologies that ICS BANKS® provides. ICS BANKS® will support us in meeting our clients’ requirements, using the latest technology available in the Middle East and worldwide.”
JKB has been evaluating ICS BANKS® during the past year from technical and administrative aspects and was also monitoring customer, market trends and behavior to make sure the selected product will meet JKB’s current and future strategies. The choice was finally confined to ICS BANKS® Universal Banking Application.
ICS BANKS® was also recognized as the first banking application to implement Oracle’s latest technology, Oracle Database 11g and Oracle WebLogic Server 11g, in Africa and the Middle East, and even among the first in the world.
Managing Director of ICSFS; Mr. Robert Hazboun commented,                    
“We would like to seize this opportunity to thank JKB, as we are very pleased to be the bank’s preferred IT partner, and are delighted to have the bank enjoy banking on ICS BANKS® solutions. We look forward to witness ICS BANKS® applications success and achievement in the Jordanian Banking Industry and worldwide.”
Assistant General Manager of JKB; Mr. Haethum Buttikhi stated,
“Our newly formed finance company, Jordanian Kuwaiti Financial Leasing Company, selected ICS BANKS® Finance Lease system from ICSFS. Jordan Kuwait Bank has expanded its relationship with ICSFS and has been studying the banking software market for a while now, and evaluated many reputable systems. We concluded that ICSFS offerings embody the most advanced technology and perfectly fit our requirements.”


Executive Director for Business Development of ICSFS; Mr. Wael Malkawi commented,
“I would like to thank JKB again for trusting us as a strategic partner; we will support the bank’s visions and objectives by providing innovative banking products that are comprehensive and easily deployed.”
ICS BANKS® provides a complete suite of banking business modules with a rich sweep of functionality 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 utilizing 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, J2EE environment.



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Jordan Kuwait Bank: a subsidiary of KIPCO (Kuwait Investment Projects Company), a Jordanian public shareholding company, was founded in 1976 and has successfully evolved in to a major player in the Jordanian banking system over the last few years. The Bank currently operates a domestic network of 53 branches and offices distributed throughout Jordan in addition to two branches in Palestine and a branch (IBU) in Cyprus.
www.jkb.com

About ICS Financial Systems Ltd. - (ICSFS): sister company of Computer and Communications Systems Ltd. - (CCS) and International Computer Systems (London) Ltd – (ICS-London) ,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. www.icsfs.com