ICBS

The ICBS (Integrated Computerized Banking System) by BML Istisharat is a comprehensive solution designed to manage and control the front and back-office operations of Banks and Financial Institutions. According to the vendor, it caters to businesses of all sizes in the banking and financial industry, providing tools and functionalities for banking professionals, financial professionals, IT professionals, compliance officers, and risk management professionals.

Key Features

Secure: According to the vendor, ICBS provides secure access and log-on features to protect sensitive banking information. It includes a password complexity check to enforce strong password policies and supports multilingual and multi-alphabet capabilities to cater to a diverse user base.

Customer centric: The vendor claims that ICBS is designed with a customer-centric approach to enhance the overall banking experience. It offers flexibility and evolution to adapt to changing customer needs. The system is fully parameterized and customizable with a dynamic workflow engine to meet specific customer requirements.

Comprehensive functionality: ICBS offers a comprehensive set of features and functionalities to manage and control front and back-office operations. It includes modules such as deposits and loans, payments and remittances, treasury, capital market and investment, trade finance, letters of credit, central operations and processing, branch operations, browser banking, mobile banking, administrative, and bancassurance. The vendor states that additional modules can be seamlessly implemented as needed.

Interactive and real-time: According to the vendor, ICBS provides an interactive and online real-time banking experience for both customers and bank employees. It is aligned with international and local standards to ensure compliance with regulations. The system offers comprehensive information with 360° views of customer accounts and transactions.

Rich reporting capabilities: According to the vendor, ICBS provides a rich set of reports with drill-down functionality to access detailed information. It supports integration with business intelligence (BI) tools for ad hoc reporting and analysis.

Straight-through processing: The vendor claims that ICBS facilitates straight-through processing to streamline banking operations and reduce manual intervention. It enables ease of integration through standard APIs for seamless data exchange with other systems.

Full audit trails and logging: ICBS logs all interactions and approvals to maintain a full audit trail of banking activities, ensuring compliance with regulatory requirements and providing transparency.

State-of-the-art technology: Built on a modern web multi-tier technology platform, ICBS offers high availability and proven scalability architecture. It supports both centralized and decentralized banking models.

Ease of integration: According to the vendor, ICBS provides reusable components such as web and microservices for easy integration with other systems. It supports standard APIs to facilitate integration with third-party applications.