Africa-based Guaranty Trust Bank (GTBank) is to deploy ICS BANKS, developed by ICS Financial Systems (ICSFS), at its newly acquired subsidiaries in Kenya, Uganda and Rwanda.
ICS BANKS is a suite of banking business modules that allows banks to automate their accounting processes and improve business performance.
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GTBank is already using ICS BANKS at its Nigeria, Gambia, Sierra Leone, Ghana, UK, Ivory Coast and Liberia units, and will now be used at its recently acquired Fina Bank, which will be renamed and rebranded as a subsidiary of GTBank.
GTBank East Africa Group managing director, Adekunle Sonola, said as they look to expand their business and services across East Africa, they 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," Sonola added.
ICSFS managing director, Robert Hazboun, said ICSFS is committed to drive innovation, and they are keen to deliver customer service through highly motivated teams and innovative banking technology.
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By GlobalData"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," Hazboun added.
