Guaranty Trust Bank extends ICS Banks core system roll-out to Tanzania
Core banking software vendor ICSFS grows African presence
Guaranty Trust Bank (GTBank), a Nigeria-based bank operating across multiple countries in Africa, has extended the roll-out of its core banking system, ICS Banks, to Tanzania.
The solution is supplied by ICS Financial Systems (ICSFS).
Banking Technology understands this is the second core banking software project for ICSFS in Tanzania, following an earlier deal with People’s Bank of Zanzibar.
GTBank is a long-standing user of ICS Banks and one of ICSFS’s largest clients.
The project in Tanzania will start this month and is expected to take four months.
ICS Bank will support core, remittances, trade finance, investment and treasury, and lending at GTBank Tanzania.
The banking group already runs ICS Banks in Gambia, Ghana, Ivory Coast, Kenya, Liberia, Nigeria, Rwanda, Sierra Leone and Uganda. Outside the African continent, ICS Banks is used by GTBank’s subsidiary in the UK.
ICSFS is a provider of banking software to conventional and Islamic banks. It has a head office in the UK, and a regional centre in Jordan. The vendor has around 80 customers, predominantly in the Middle East and Africa. Among them are BOND Savings and Loans in Ghana, SunTrust Bank in Nigeria, Jordan Ahli Bank in Palestine, and Al-Arabiya Islamic Bank in Iraq.
