ICS Financial Systems Extends Leading Presence in Africa

Proven Record of Rolling Out ICS BANKS® at Guaranty Trust Bank Kenya, Rwanda and Uganda


ICS Financial Systems Limited (ICSFS) (http://www.icsfs.com), the global software and services provider for banks and financial institutions, partnered with new banks through expansion of its operations in Kenya, Rwanda and Uganda. This project was awarded to ICSFS by Guaranty Trust Bank Plc (GTBank), which is one of the largest banks in Africa. Guaranty Trust Bank recently acquired Fina Bank, an East African Bank, which was subsequently rebranded and became a subsidiary of GTBank Plc.

ICS BANKS® was successfully deployed at Guaranty Trust Bank Kenya, Guaranty Trust Bank Uganda and Guaranty Trust Bank Rwanda in record breaking time. The three banks experienced a smooth implementation process which started in January, 2014 and was completed in August 2014.

During the implementation period, ICSFS applied great efforts to overcome all obstacles which eventually led to the successful implementation of ICS BANKS® in all three East African subsidiaries of GTBank Plc. Guaranty Trust Bank Rwanda has implemented a fully comprehensive solution ICS BANKS® in all 18 branches, which is also the case for Guaranty Trust Bank Uganda and Guaranty Trust Bank Kenya, who have implemented the system in all branches. 

“We would like to take this opportunity to thank ICS Financial Systems for their high level of professionalism and team spirit which contributed to achieving this milestone.” Mr. Adekunle Sonola, GTBank’ East Africa Group Managing Director and Managing Director at GTB Kenya commented, “We also promise our customers that we will continue to apply significant improvements to enable delivery of superior-value services, that will fulfill all your financial requirements. ICS BANKS® will to support us in meeting our goals using the latest technology available.”

Mr. Bayo Veracruz; Managing Director at GTB Rwanda commented, “Fast implementation means significant savings for us not only in terms of project costs, but also in terms of starting our banking business to serve our clients. We are happy to offer our clients the latest banking services in Rwanda on ICS BANKS® provided by ICS Financial Systems. “

Mr. Olufemi Omotoso; Managing Director at GTB Uganda commented, “We are very pleased with the successful and timely implementation of ICS BANKS®. It’s a remarkable accomplishment that illustrates and speaks of the skills and efficiency of ICS Financial Systems implementation team and illustrates the potentials of ICSFS.”

Mr. Robert Hazboun; Managing Director at ICSFS stated, “We strive to continually discover innovative, ground-breaking tools to deliver powerful banking solutions designed for the world’s largest banks. As Guaranty Trust Bank Ltd. Group is a rapidly growing chain of 280+ branches in Africa. This achievement is the result of a finely coordinated rapid go-live process performed by a very talented Implementation & support team.”

Executive Director for Business Development at ICSFS; Mr. Wael Malkawi stated, “We are really proud of our implementation team for achieving this success. We are keen to provide first-class financial services to GTBank Group, which is a major player in providing banking services in Africa and one of ICSFS’ biggest clients. This remarkable achievement is based on our historical presence in Africa, knowledge and experience with local requirements and regulations. ”

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.

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.

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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