Automated Regulatory Reporting
Knowing Your Customer (KYC), compliance and regulatory challenges such as AML, FATCA, and CRS, have been ongoing challenges to banks and financial institutions for a long time. With current necessities in legal and business requirements, banks need to take a more holistic approach.
ICS BANKS regulatory reports address local and global regulations that are required by authorities such as central banks, and are attainable through ICS BANKS MIS in the fastest possible time. ICS BANKS supports AML, FATCA, and CRS whilst its holistic APIs connect to local and regional authorities for further regulatory and compliance processing.
Particularly after the financial crash in 2008, accounting and supervision standards became a part of day-to-day life for all bankers. Banks struggle with meeting standards and regulatory reports if appropriate tools are not deployed.
By deploying ICS BANKS, the bank will be able to obtain the latest updates on standard regulatory reports like IFRS, BASEL II, BASEL III, AAIOFI, and IFSB for Islamic banks, and be compliant with the latest SWIFT standards within planned releases.
ICS BANKS users will enjoy a reduced total cost of ownership (TCO) for a lifetime.
Future-Proof Digital Banking Products
Open BankingOpen APIs Architecture
Profiling Customer Social Engagement
Complete Cloud Platforms Cloud available
Unification of all Digital Systems Omnichannel Experience
Automated Processes & Robotics, Hence Time & Money Savings with High Accuracy
Business Agility to Drive Productivity & Efficiency
ICSFS uses innovative technologies in the core of its products, and develops first-class, dynamic and future-proof banking and financial products for new business trends.
ICS BANKS products come with high security, scalability, and flexibility.