24

Apr 2013

ITS Participated in the Euromoney

ITS participated in the Euromoney - The Saudi Arabia Conference 2013 – held at Al Faisaliah Hotel , Riyadh, Kingdom of Saudi Arabia.

During the event, ITS pulled the dust sheet off its latest investment and treasury solution which is part of the whole ETHIX Islamic banking suite. ETHIX-Investment and Treasury empowers organization’s unique needs and covers hedging, capital market, foreign exchange market, fixed income and money market. It also manages bank assets or customers’ assets, portfolios, and treasury operations lifecycle including cash management, foreign exchange, liquidity management, cash flow forecasting, cash concentration, fund, Sukuk and assets management.

ITS also provided a brief overview on ETHIX multi-channeled corporate and retail products and services in the area of Islamic finance and investment including its latest mobile banking, online banking and SMS banking solutions. ETHIX offering also covers core banking, trade finance, branch automation, dashboards and reports in addition to other products and services that represent an answer to the challenges encountered by the financial institutions anywhere in the world and can only serve to enhance their competitive edge.

​During the event, ITS pulled the dust sheet off its latest investment and treasury solution which is part of the whole ETHIX Islamic banking suite. ETHIX-Investment and Treasury empowers organization’s unique needs and covers hedging, capital market, foreign exchange market, fixed income and money market. It also manages bank assets or customers’ assets, portfolios, and treasury operations lifecycle including cash management, foreign exchange, liquidity management, cash flow forecasting, cash concentration, fund, Sukuk and assets management.

ITS also provided a brief overview on ETHIX multi-channeled corporate and retail products and services in the area of Islamic finance and investment including its latest mobile banking, online banking and SMS banking solutions. ETHIX offering also covers core banking, trade finance, branch automation, dashboards and reports in addition to other products and services that represent an answer to the challenges encountered by the financial institutions anywhere in the world and can only serve to enhance their competitive edge.

With30 years of experience in Islamic banking, ITS Group was a major contributor tothe discussions held during the two-day conference about key issues pertinentto Saudi Arabia and the Gulf's current economic climate and, the latestdevelopments within the region's Islamic financial market; including enhancingthe competitiveness of the Kingdom’s financial system, the impact of the globaleconomic slowing on the Kingdom, and the force of the Kingdom on economicoutlook for the Middle East region.

ITS also shared in shedding the light on how technology can assist inovercoming fundamental challenges facing Islamic finance in general andinvestment banking in particular; especially those related to the modernizationof subsidy systems and the role of financial sector in maintaining financialsustainability and competitiveness.

ITS has been present in the GCC Islamic finance scene and the Saudi market fora long time and has continuously contributed with its extensive experience tothe dynamic Islamic banking industry and has acted as a key technology enablerfor Islamic finance institutions and investment houses. ITS also hasconsiderable contributions in shaping the regulatory and legal framework ofIslamic Finance and has invested heavily in its presence in the GCC marketthrough an extensive network of direct sales, partners and resellers with the aimof supporting its customers in the region and providing focused andprofessional services specifically tailored for the unique needs of thisregion.

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