Nov 2017

(ITS) Named Critics’ Choice Best Islamic Retail Banking

​ETHIX World-Class Product Range Wins Top Honors At 3rd Islamic Retail Banking Awards.

Alkheshnam: “This accolade further underscores ETHIX as a world-class solution that continues to be adopted by financial institutions across the globe.”

 International Turnkey Systems (ITS), the market leading provider for comprehensive Islamic financial solutions, was named the winner of the Critics’ Choice Best Islamic Retail Banking Solutions Provider 2017 for its innovative ‘ETHIX’ product range at the 3rd Islamic Retail Banking Awards (IRBA). The award was presented during a prestigious ceremony held at the JW Marriott Marquis Hotel, Dubai, on 14, November 2017. 

Mr. Esam Alkheshnam, Chief Executive Officer of International Turnkey Systems Group received the award during the grand Gala Dinner which was attended by VVIPs, CEO’s from Islamic financial institutions from the GCC, the Far East, Africa and the Western hemisphere and members of the press.

Winners of the Critics’ Choice Awards are selected by the Critic’s Choice Committee, which comprises leading Islamic banking experts from around the world.

Commenting on the announcement, Mr. Esam Alkheshnam, said: “It is an honour to be awarded the Critics’ Choice "Best Retail Banking Solutions Provider’ from IRBA. This accolade further underscores ETHIX as a world-class solution that continues to be adopted by financial institutions across the globe.”  

ETHIX provides multi-channeled corporate and retail products and services in Islamic finance and investment, including core banking, trade finance, branch automation, online banking, business intelligence dashboards and reports, in addition to other pioneering products and services. The product range is built on robust technologies designed to support financial institutions as they strive to reach operational excellence, accommodate growth, and achieve cost leadership in financial services.

Mr. Alkheshnam added: “ITS remains committed to supporting our customers’ sustainable business success through the provision of financial solutions and services that provide competitive advantage in today’s technology driven world. We are continuously enhancing our solutions and services to meet the needs of a dynamic market, digital transformation, and to help our clients achieve strategic goals.”

The award follows ITS’ recent win at the prestigious Global Islamic Finance Awards ceremony held in Astana, Republic of Kazakhstan where ITS was awarded "Best Islamic Finance Technology Product 2017” for its ETHIX solutions.

About ETHIX-Core:
ETHIX-Core is the main part of the ETHIX Financial Solutions; it consists of sub-modules like ETHIX-GL, ETHIX-Client, ETHIX-Accounts. ETHIX-Core is a full-fledged core banking application that supports Islamic and Conventional Banking. The system has a footprint of more than 150 customers – and growing. The technology used by ETHIX-Core allows end users to come with new products and services with the least intervention from ITS. This is because of the Innovative parametrized environment the system includes for creating new products and services.

About IRBA:
The Islamic Retail Banking Awards (IRBA) is the first-of-its-kind Islamic banking awards programme based on the most academically rigorous analysis of global Islamic banking efficiency performance. Winners are rigorously assessed by a panel of independent experts based on the new efficiency model developed by Cambridge IF Analytica. These prestigious awards honor individuals and institutions who have demonstrated great commitment and made significant contribution to the development, growth and success of Islamic retail banking.

Read more

Related News