Hammurabi Commercial Bank, a newly launched Iraqi lender, has selected the ICS Banks Universal Banking Software Suite from ICSFS Financial Systems to enhance its business performance.

ICS BANKS can be implemented on premises or in the cloud. It incorporates embedded Service-Oriented-Architecture (SOA).

The solution has been live in Iraq for more than 15 years. It has over 25 local as well as foreign banks as clients.

ICSFS executive director Wael Malkawi said: “We are fully dedicated to our customers to provide them with growing business, identify profitable opportunities, increase their return on investment (ROI), and reduce costs, in addition to assist them in making the right decision.

“We are confident that Hammurabi Commercial Bank will benefit from our indepth experience in Iraq’s banking market and generate a better customer experience ecosystem.”

Earlier this year, Guaranty Trust Bank (Tanzania), a unit of Guaranty Trust Bank, deployed ICS BANKS.

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Hammurabi Commercial Bank CEO Majed Al-Souri said: “We have chosen ICS BANKS Universal Banking application from ICSFS for its long, proven track record and trusted credentials in providing bespoke banking technology services in Iraq.”