National Bank of Yemen (NBY) has implemented the ICS BANKS Universal Banking software from ICS Financial Systems (ICSFS).
NBY offers services ranging from retail to trade finance, treasury and project finance to individuals, corporates, and governmental institutions.
Using the software, the bank intends to expand its footprint domestically and internationally.
NBY managing director Ahmed Ali stated: “The successful rollout of ICS BANKS banking software was carried out within our bank’s development and modernization project framework.”
The software is expected to future-proof the bank’s activities by delivering a suite of features and capabilities that are flexible and agile.
Additionally, the software can not only be deployed on its embedded service-oriented-architecture (SOA), but also on-premises or in the cloud.
Ali added: “We have replaced our old legacy system with ICS BANKS comprehensive banking software solutions, which significantly saved time.
“We are astounded with the software’s integrated design and ease of data inclusion.
“It is without a doubt, ICS BANKS will allow us to provide excellent and distinguished banking services to our large customer segments.”
ICSFS managing director Robert Hazboun said: “NBY possesses a strong banking and financial position in Yemen, the bank was looking for banking software that will support them in maximizing their profitability, whilst cutting operational costs.
“Our ICS BANKS software offers real financial clarity, with maximum financial efficiency, scalable features to support NBY’s growth and lead them through a successful lifetime business.
“Our journey with NBY has just started; we are looking forward to being their technology and business partner, driving a powerful and fruitful joint success.”
Source: Retail Banker International