GTBank Successfully Upgrades to the Latest version of ICS BANKS® from ICS Financial Systems

Guaranty Trust Bank (GTBank), one of the largest banks in Africa and the multi-award-winning bank that was named “Africa’s Most Innovative Bank for 2015”, has successfully upgraded to the latest version of the awards winning solution ICS BANKS from ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions.

GTBank has gone through one of the most successful and seamless major upgrades in the industry, completed at GTBank’s headquarters in Nigeria. From there it upgraded to the latest version of ICS BANKS on Oracle 11g, Oracle Weblogic 11g and Oracle Fusion Middleware 11g. The project started in June of 2015 and ended in October of the same year.

A high level of performance is achieved by ICS BANKS, where a new record of the entire end-of-day activities for 250 branches serving around 8M customers & 13M accounts & 4M daily transactions are being completed in a record time.

Mr. Robert Hazboun, Managing Director at ICFS stated: “ICSFS has always been committed to provide the bespoke state-of-the-art financial products and services. Our latest ICS BANKS application ensures delivering the complete suite of banking business solutions, allowing GTBank to quickly put in use the features they need with minimal time, risk, effort and cost. The immaculate upgrade that was achieved best serves our reputation in providing professional services and high standards of support to our clients. I would like to congratulate GTBank on this outstanding achievement, and thank the bank for trusting us and for being a long-term partner.”

Executive Director for Business Development at ICSFS, Mr. Wael Malkawi also commented: “GTBank has always been one of the first amongst our clients to embark the latest technologies we provide. Without their efforts, this successful achievement would have not happened especially in this outstanding short period of time. The migration of our awards winning application, ICS BANKS, had near-zero-downtime with less than 30 minutes activities for multi-terabytes database.”

Guaranty Trust Bank is a foremost Nigerian financial institution with vast business outlays spanning Anglophone/Francophone, West Africa, East Africa and the United Kingdom. The Bank presently has an Asset Base of over 2 Trillion Naira, shareholders’ funds of over 200 Billion Naira and employs over 10,000 people in Nigeria, Cote d’Ivoire, Gambia, Ghana, Kenya, Liberia, Rwanda, Sierra Leone, Uganda and the United Kingdom. The Bank has a corporate banking bias and strong service culture that have enabled it record consistent year on year growth in clientele base and key financial indices since its inception in 1990. 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.