Live with new core banking tech

Live with new core banking tech

ICS Financial Systems (ICSFS) has implemented its flagship core banking platform, ICS Banks, at Providus Bank in Nigeria.

The contract was signed in 2015, Banking Technology understands.

It was a “big bang” go-live, says ICSFS, completed “in a record time and the system was implemented across all branches in one go”.

The vendor adds: “The process was smooth, swift and transparent.”

It is understood ICS Banks replaced the CorePlus solution from a small company in Cyprus, Probanx.

Providus Bank, formerly known as United Mortgage Bank, was launched in 2006. It offers retail, corporate, institutional and private banking products and services.

ICSFS has three other customers in Nigeria that run ICS Banks for their core operations. These are SunTrust Bank, Guaranty Trust Bank and Unity Bank.