ICSFS expands East African presence with GTBank deal

Source: ICS Financial Systems

ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, win new territories through expanding its operations in Kenya, Rwanda and Uganda.

This new deal was awarded to ICSFS by Guaranty Trust Bank (GTBank) which is one of the largest banks in Africa, that has acquired Fina Bank, to be renamed and rebranded as a subsidiary of GTBank.

GTBank has been a client of ICSFS since 1998 and is using ICS BANKS® in Nigeria, Gambia, Sierra Leone, Ghana, United Kingdom, Ivory Coast, Liberia and now in its new subsidiaries; Kenya, Uganda and Rwanda.

East Africa Group Managing Director at GTBank; Mr. Adekunle Sonola commented, "As we look to expand our business and services across East Africa, we have recognised that exponential growth will only be possible by adopting advanced technological solutions. We are accustomed to the strengths of ICS BANKS® solutions through our long experience as a customer with ICSFS."

Mr. Robert Hazboun; Managing Director at ICSFS stated, "ICSFS is committed to drive innovation, and we are keen to deliver excellent customer service through highly motivated teams and innovative banking technology. The new acquired subsidiaries of GTBank will benefit from our systems and its flexibility and productivity, which will reflect on the subsidiaries' workflow to continuously improve the functionality and technical performance."

ICSFS is present in 31 countries, three continents, and has a client base of over 80 customers that are all running banks and financial institutions. 

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