Nigeria’s Guaranty Trust Bank (GTBank) has selected ICSFS Financial Systems’ ICS Banks core banking system for its Tanzania operations.

ICS Banks is a fully integrated universal, banking application, which offers a complete suite of banking business modules to streamline banking services.

The technology vendor said that its ICS Bank solution will facilitate core banking, remittances, trade finance, investment and treasury, as well as lending at GTBank Tanzania.

The implementation will be done within four months beginning in March 2017.

ICSFS managing director Robert Hazboun said: “ICSFS and GTBank’s relationship goes a long way back, and have witnessed great achievements throughout the years especially with GTBank’s expansion into East Africa. 

“We are always looking forward to meet all of the bank’s business and technology requirements, and provide our cutting-edge banking solutions.”