London, W1J 6BD,
United Kingdom
ICS Financial Systems
ICS Financial Systems, a prominent reseller, system integrator, and consulting company, that plays a vital role in numerous system integration and digital transformation initiatives. ICS Financial Systems collaboration with software players such as Oracle empowers organizations to embrace disruptive technologies and accelerate their journey to the cloud, thus reshaping their business models.
| Reseller and SI | Vendor | Application | Category | Market |
|---|---|---|---|---|
| ICS Financial Systems | Oracle | Oracle JD Edwards EnterpriseOne Lease Management | Lease Management | ERP Services and Operations |
| ICS Financial Systems | Oracle | Oracle Blockchain Platform | Blockchain Platform | Blockchain |
| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Product | Category | When | Insight |
|---|---|---|---|---|---|---|---|---|---|---|
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Arab Jordan Investment Bank | Banking and Financial Services | 837 | $198M | Jordan | Oracle | Oracle Blockchain Platform | Blockchain Platform | 2019 |
In 2019, Arab Jordan Investment Bank implemented Oracle Blockchain Platform to operationalize Oracle Blockchain cross-border transfers between AJIB subsidiaries, introducing a Blockchain Platform capability into the bank’s digital payments stack. The implementation targeted instant, secure, cost efficient fund movement and was announced at the launch event marking the Cyprus Branch anniversary.
The deployment was executed with ICS Financial Systems as the implementation partner and configured to support cross-border transfer workflows exposed through AJIB Online, providing 24/7 customer-initiated transfers. Oracle Blockchain Platform was used to eliminate intermediary settlement steps, enable cryptographic security controls, and create a shared transaction ledger that supports instant clearing between the bank’s headquarters in Jordan and its Cyprus Branch.
Operational coverage focused on intra-bank subsidiary flows, initially linking AJIB’s Jordan headquarters and the Cyprus Branch, while making the service available to retail and corporate customers via online channels. Governance framing emphasized compliance with local and international business standards and reducing settlement complexity, with the launch attended by representatives from the Central Bank of Cyprus and the bank’s board.
The bank positioned the Oracle Blockchain Platform implementation as establishing new standards for cross-border payments within AJIB, highlighting outcomes such as faster settlement, lower transactional costs, reduced fraud risk, and 24/7 availability for transfers between AJIB accounts. The program aligns investment in advanced financial technology with AJIB’s broader objective to expand digital financial services.
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Buyer Intent: Companies Evaluating ICS Financial Systems Services
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