Overview
Product Information on ICBS
Updated 13th October 2025
What is ICBS?
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Company Description
BML Istisharat SAL, instituted in Beirut, Lebanon in 1972, is a global financial software vendor. With an operational presence in Lebanon, UAE, France, Iraq, and Malta, the company serves the financial community in more than 35 countries, which include regions like United States, Europe, Africa, Middle East, Russia, and South East Asia. Since 2018, BML Istisharat SAL operates under the ownership of Mawarid Group, a UAE-based finance company. The main focus of the firm lies in crafting solutions to cater to financial-related issues.
Company Details
Company type
Private
Year Founded
1972
Head office location
Beirut , Lebanon
Number of employees
51 - 200
Website
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- Assistant General Manager50M-1B USDBankingReview Source
Straight forward implementation
Since we have an existing relationship with the vendor through a subsidiary, the implementation was straightforward with minimal issues. - Head of IT50M-1B USDBankingReview Source
implementation was straight forward but we need internally to move to phase II
Fast support ank knowledge of the service. Aware of the market demand and user friendly. Volume needs to be increased - Project DirectorGov't/PS/EdBankingReview Source
Project implementation exceeded timeline and budget but module rolled out succesfully.
From resource perspective,BML has a team of dedicated, experience and hardworking onsite team .Majority has a number of years working for BML, except for 1 or 2 relatively new personnel. Interaction and relationship is good.The number of onsite support however is inadequate to support a project this size that pose some Turn Around Time issues. The challenge faced so far is the understanding on requirements from both parties, especially since the development is conducted offshore.Solution Design finalisation takes sometime and testing has several iterations before the testing is considered good to go.The onsite interactions prior to development is critical to minimise the testing phases . The migration phase is challenging for both parties especially the mapping part as it requires understand ing of the rules in legacy system and any changes in the production environment. From product perspective, the parameter based assist in product development and deployment.The system has some good control measures .The client/customer however needs to have clear understanding of the product setup and comprehensive documentation for business continuity. From project implementation perspective, there need to be a clear understanding in terms of the expectations and SLA, which needs to be clearly spelt out in terms of coverage and responsibilities especially in areas like performance testing, application tuning, configuration and interfaces/integration with the surrounding systems. For maintenance and support for product that has gone live, the mandays quoted for enhancement and changes so far is reasonable and fair. This project can be considered the first footprint in South East Asia for BML which has to accomodate the regulatory requirements and changes in this area. - Project ManagerGov't/PS/EdBankingReview Source
Core banking implementation is not easy but ICBS made it very easy
The team are very helpful and always willing to go the extra mile to make sure the problem is solved. We have a feeling that they are always with us side by side even they are supporting us remotely. When we needed their intervention in person they are always available. The product is very reliable stable ,secure and flexible . - IT Manager<50M USDBankingReview Source
ICBS is smooth and robust system but lack documentation
On a general note, ICBS is a robust system, customizable to meet business needs. System is stable an offers a large variaty of reporting tools. Only thing that lack in ICBS is documentation to help get hold of the system.
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