Amman, Jordan: Al Rajhi Bank – Jordan, one of the international branches of Al Rajhi Bank, has selected ICS BANKS Islamic and ICS BANKS Digital Banking software solutions from ICS Financial Systems (ICSFS), the global software and services for banks and financial institutions.
Founded in 1957, Al Rajhi Bank is the largest Islamic bank in the world. Al Rajhi Bank has overseas branches in Kuwait, Jordan and Malaysia. The bank has been operating in Jordan since 2011, with a network of 10 branches and over 46 ATMs.
A signing ceremony took place in Jordan on March 9, 2022 at the bank’s headquarters. The ceremony was chaired by Mr. Eyad Jarrar, CEO of Al Rajhi Bank – Jordan, and Mr. Robert Hazboun, Managing Director of ICSFS.
Al Rajhi Bank – Jordan started its study and replacement project of Universal & Digital Banking a few years ago, and opted for a full-fledged Islamic banking platform and a holistic digital banking platform of ICSFS , to elevate the financial service offerings to their valued customers. The study covered many international systems that participated in the international bidding process. The bank will use ICS BANKS open banking and financial software products which are built on a fully-fledged digital ecosystem with; international standards, real-time business processing and value-added capabilities of bespoke, on-premises, cloud or hybrid products.
Al Rajhi Bank – Jordan, CEO; Eyad Jarrar commented:
“ICSFS’s differentiation in Islamic and digital banking software solutions will pave the way to provide our clients with fully digital Shariah-compliant products and services. In line with Al Rajhi Bank’s strategy and with our new strategic technology partner, we will be able to take advantage of emerging technologies and infrastructures by providing the most sophisticated and personalized solutions, and broaden customer focus by offering the best customer experience with a differentiated and targeted approach. digital marketing approach supported by digital-ready platforms and touchpoints.
ICSFS, Managing Director; Robert Hazboun said:
“We are proud to have been chosen by Al Rajhi Bank – Jordan as a strategic technology partner. We are committed to delivering innovative products built on secure and agile integration. We ensure Al Rajhi Bank – Jordan to have an enriched customer journey experience, leveraging ICS BANKS fully integrated, end-to-end and scalable financial and banking software suites. The bank will also be able to use ICS BANKS to reduce costs and boost productivity and efficiency. We look forward to a fruitful and solid partnership with Al Rajhi Bank – Jordan.
ICSFS invests in its software suites using modern technology to launch new digital products, build secure and agile integration, and keep pace with new standards and regulations around the world. The ICS BANKS software suite ensures the future of banking activities by offering a wide range of functionalities and capabilities with greater agility and flexibility, to enrich the experience of the customer journey, thus improving trust and confidentiality between the customer and the bank. ICS BANKS has always been a pioneer in the use of the latest technologies at the service of financial institutions. In addition to its built-in service-oriented architecture (SOA), the system can be deployed on-premises, in the cloud, or hybrid.
About Al Rajhi Bank – Jordan:
A foreign branch of Al Rajhi Bank, operating in the Hashemite Kingdom of Jordan since 2011. The bank provides all financial, banking and investment services – in accordance with Islamic Sharia rules and applicable banking law. The bank has expanded its network to 10 branches and over 46 ATMs in Jordan, covering the three most populated governorates of Amman, Irbid and Zarqa. The bank meets financial requirements and reaches its growing number of corporate and individual customers; by providing a wide range of Islamic-compliant products and services. https://www.alrajhibank.com.jo/
About ICS Financial Systems Ltd. – (ICSFS):
A leading provider of modern banking and finance technology powered by a very strong, agile and digital banking platform as part of its DNA, launching innovative products that are built on secure and agile integration. Its ICS BANKS software is fully integrated universal banking software with numerous suites serving the financial industry that provide open products with international standards, real-time trading processing and value-added capabilities of bespoke, on-premises, hybrid or cloud. ICS BANKS software delivers future-proof banking by offering a wide range of features and capabilities with greater agility and flexibility, to enrich the customer journey experience. www.icsfs.com