ITS Participated in the Euromoney - The Saudi Arabia Conference 2013


Thursday, April 25, 2013 by ITS Global Financial Solutions

On Tue 07 - Wed 08 May 2013, International Turnkey Systems (ITS); the global leader in ethical banking solutions for Islamic banks and Investment institutions, participated in the Euromoney - The Saudi Arabia Conference 2013 - held at Al Faisaliah Hotel, in 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 asset management.

ITS also provided a brief overview on ETHIX multichanneled 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.

With 30 years of experience in Islamic banking, ITS Group was a major contributor to the discussions held during the two-day conference about key issues pertinent to Saudi Arabia and the Gulf's current economic climate and, the latest developments within the region's Islamic financial market; including enhancing the competitiveness of the Kingdom's financial system, the impact of the global economic slowing on the Kingdom, and the force of the Kingdom on economic outlook for the Middle East region.

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

ITS has been present in the GCC Islamic finance scene and the Saudi market for a long time and has continuously contributed with its extensive experience to the dynamic Islamic banking industry and has acted as a key technology enabler for Islamic finance institutions and investment houses.

ITS has made considerable contributions in shaping the regulatory and legal framework of Islamic Finance and has invested heavily in its presence in the GCC market through an extensive network of direct sales, partners and resellers, with the aim of supporting its customers in the region and providing focused and professional services specifically tailored for the unique needs of this region.