Military Credit Fund (MCF) Goes Live on ICS BANKS® Islamic in a Record Time

Amman - 25 March 2012

ICS Financial Systems (ICSFS), the market leading provider of banking software, is pleased to announce that Military Credit Fund (MCF) has gone live on ICS BANKS® Islamic in a record breaking time. ICS BANKS® Islamic is considered as one of the most sophisticated and efficient systems on a global scale.

General Manager of MCF; HE Mr. Muhannad Shehadeh stated:
“We are delighted to have successfully rolled out ICS BANKS® Islamic in a record time and ahead of the expected starting date. Running ICS BANKS® Islamic will dramatically cut maintenance costs; and provide highest standards of financial services. We started system’s deployment in full confidence that ICS BANKS® Islamic will help us remain at the forefront of product and service innovation to support our customers, and to manage high-volume and high-value institutional financial processing. “

Mr. Robert Hazboun; Managing Director of ICSFS said:
“We have built a strong relationship with MCF, particularly when we exceeded MCF’s expectations with the rapid implementation of ICS BANKS® Islamic. We are delighted to achieve these important milestones; and bolster a successful partnership with MCF. ICS BANKS® Islamic improves business performance through providing ICSFS’ clients with the best financial products, advanced technology and services.“

Recently, ICSFS and IrisGuard, the manufacturer of the world’s most accurate Iris Recognition camera system, announced the formation of a strategic partnership that will strengthen customers’ security authentication. ICSFS offering its universal banking solution, ICS BANKS®, combined with IrisGuard’s advanced biometric technology, iBank® Suite. Military Credit Fund is now enjoying this joint offering.

MCF chose ICS BANKS® Islamic as it is distinguished from the other systems. On the other hand, due to the success of ICSFS as a company that can provide high standard services and technologies. ICSFS ‘banking systems are widespread at 32 countries, and implemented through Asia, Africa and Europe.

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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