Burgan Bank, one of the leading banks in Middle East and North Africa, selected ICS BANKS®, the universal banking software from ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions.
Burgan Bank has been using its existing banking system SYMBOLS from System Access that was acquired in 2006 by SunGard , and decided to replace it after evaluating many international systems before choosing the universal banking solution, ICS BANKS®.
The signing took place in Kuwait, at the Burgan Tower (headquarter offices of Burgan Bank). Attending the signing ceremony were the Group Chief Operation Officer of Burgan Bank; Mr. Adrian A. Gostuski, Chief Operations Officer; Mr. Venkatakrishnan Menon, and Executive Director for Business Development of ICSFS; Mr. Wael Malkawi.
In regards to this milestone, Mr. Adrian A. Gostuski of Burgan Bank, stated:
"Choosing a comprehensive banking system that is in harmony with Burgan Banks' regional and global expansion strategy was one of the most essential objectives for the past couple of years. Selecting ICS BANKS® will play an important role in growing our footprint worldwide, as well as supporting our vision of becoming the region's leading banking group through providing high standards of financial services in the banking industry."
Executive Director of Business Development ICSFS; Mr. Wail Malkawi, stated:
"The major reason behind Burgan Bank's selection to the universal banking solution, ICS BANKS®, is not restricted to the offerings of high levels of operational efficiency, but also to the ability of addressing ICS BANKS®' users requirements for various market segments. The Bank will be able to enhance and robust its business and provide comprehensive integrated and valuable financial services, to best serve their customers. As ICSFS aims to expand, penetrate and bolster its existence in the Kuwaiti Market; it will strengthen its position in this relatively steady Market. With this strategic partnership, the bank will offer integrated solutions that meet customer needs, covering unique financial services."