ICSFS gains new core banking client in Ghana, BOND Savings and Loans
BOND Savings and Loans, a Ghana-based financial services company, has selected new core banking software provider and system as it is aiming to become a fully-fledged bank in 2017.
International banking software vendor ICS Financial Systems (ICSFS) has won the contract to supply its flagship ICS Banks system to BOND.
Banking Technology understands that the other contender for the deal was Oracle FSS with its Flexcube system.
The implementation will commence in January 2017.
BOND was incorporated in 2007, and currently operates as a non-bank financial institution.
ICSFS already has one customer in Ghana, to Banking Technology‘s knowledge. This is Guaranty Trust Bank (GTBank), a long-standing user of ICS Banks across its multiple locations in Africa and one of ICSFS’s largest clients.