BML Istisharat – a globally recognized core banking and insurance software provider has had an encouraging start to 2016

BEIRUT, June 2016 – Lebanon based BML Istisharat – a globally recognized business Solutions and Information Technology Services provider has had an encouraging start to 2016.

Going live in Kuala Lumpur with their ICBS-Loans product at one of Malaysia major banks BSN with more than 13 million clients, and around 400 branches. Whilst in their home-country of Lebanon the U.C.A. insurance company went live with their CIRIS modules. After upgrading them to the latest CIRIS web-enabled version.

Globally, ICBS has been ranked 6th worldwide for universal banking by the sales league table for 2016. As published by IBS (UK), out of 40 universal banking systems. ICBS is also now ranked 11th worldwide for all categories including; universal, retail, wholesale and private lending.  Moreover it is worth noting that ICBS comes ahead of all regional players and on-top of some well known international players like; Oracle Banking Platform from Oracle FSS (ex iflex), Fusion banking Equation amongst many other leading platforms.

Most prestigiously BML Istisharat now has a new certification from Oracle. Passing its Exalogic and Exadata Oracle benchmarking with noticeable improvements.

Now internationally recognized and ISO certified for the development, supply, installation and maintenance of banking, insurance and ERP software products. The ICBS Integrated computerized banking system features a completely integrated, customer-centric, business oriented Universal banking software solution provider covering financial institutions; retail, corporate, investment and private banking.

With the global average batch processing duration having been reduced by 5 – 6 times  beyond the initial success criteria set by BML. Whilst the OLTP simulations have shown (in specific cases) 2 to 4 times performance improvements compared to existing systems.

With this performance BML Istisharat has achieved Oracle Exadata Optimized and Oracle Exalogic optimized status with ICBS, BML’s integrated banking solution.

With this performance BML Istisharat has achieved Oracle Exadata Optimized and Oracle Exalogic optimized status with ICBS, BML’s integrated banking solution.

With Oracle Exadata and Oracle Exalogic, ICBS exceeding SLAs for batch processing. Reducing total execution time while increasing safety margin whilst at the same time Improving the users’ experience, leveraging productivity and boosting customer services.

BML Itisharat has been delivering core banking and insurance software since 1972. The company’s core banking and insurance software solutions are running on the computers of more than 300 clients worldwide, including fortune 500 companies such as Citibank, Société Générale, Banque Populaire, Swiss Life, Gazprom Bank.