Summit Bank Limited<\/a>, Nigeria\u2019s non-interest financial institution, to expand access to Shariah-compliant digital banking in Nigeria.<\/p>\nThe deployment will enable Summit Bank to offer a comprehensive range of non-interest financing products delivered through multiple digital channels. Customers will be able to access services via mobile and tablet banking, internet banking, SMS notifications, and the integrated ICS BANKS\u00ae ERP Suite.<\/p>\n
In addition to its core banking and digital channels, Summit Bank will implement key modules including Credit Facilities and Risk Groups, Management Information Systems, Remittances, Trade Finance, Islamic Treasury, IFRS9 ECL, e-KYC with full customer profiling, and Risk Rating and Credit Scoring tools. These components are designed to strengthen operations, support compliance and enhance customer onboarding.<\/p>\n
Umar Ahmed, Chairman of Summit Bank,<\/strong> said, \u201cWe are pleased to move forward with ICSFS as our technology partner. This decision is critical for us, as the strength of our technology infrastructure will directly shape how customers experience our services. After evaluating the ICS BANKS\u00ae solution, we are confident that it will help us manage Shariah compliance requirements effectively while supporting our goal of expanding financial inclusion in Nigeria.\u201d<\/p>\nMukhtar Adam, Chief Operating Officer of Summit Bank,<\/strong> said, \u201cICSFS has been transparent with us from the beginning, and we trust their commitment to our success. Technology sits at the core of how our customers connect with us, and working with a reliable partner is essential. So far, ICSFS has shown strong understanding of our market, regulatory needs and operational requirements.\u201d<\/p>\nRobert Hazboun, Managing Director of ICSFS,<\/strong> said, \u201cWe are pleased to welcome Summit Bank as part of the ICS BANKS\u00ae community. We have worked in the Nigerian market for many years, and we look forward to supporting Summit Bank through efficient implementation and ongoing support as they expand their services.\u201d<\/p>\nWael Malkawi, Executive Director at ICSFS,<\/strong> said, \u201cWe are ready to support Summit Bank\u2019s growth plans and help deliver secure, compliant banking services to communities across Nigeria. We aim to provide robust technical capabilities and responsive support throughout this journey.\u201d<\/p>\nA signing ceremony to mark the partnership was held at the ICSFS Centre of Excellence in Amman, attended by Summit Bank\u2019s leadership team, business and technical advisors, and senior representatives from ICSFS.<\/p>\n
ICSFS continues to invest in its software suites by adopting modern technologies, strengthening security and integration capabilities, and adapting to new global standards and regulations. The ICS BANKS\u00ae platform can be deployed on-premises, in hybrid setups or through the cloud, supporting financial institutions as they adapt to changing market needs and deliver banking services that are accessible, reliable and compliant.<\/p>\n","protected":false},"author":35851,"featured_media":569116,"parent":0,"template":"","categories":[11395,11381,41695,41779,11382,11368,11375,11374],"tags":[12849,12004,11438,11769,11515,25539,16136,12123,11702,11420],"class_list":["post-569114","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-analytics","category-artificial-intelligence","category-banking-as-a-service-baas","category-banktech","category-cloud","category-core-banking","category-cybersecurity","category-islamic-banking","tag-africa","tag-digital-lending","tag-digital-payments","tag-financial-institutions","tag-fintech","tag-islamic-banking","tag-mena","tag-online-payments","tag-payment-processing","tag-payments-as-a-service"],"acf":[],"yoast_head":"\n
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