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Raqmiyat to Implement ICCS Connect in 40 Banks

DUBAI — Raqmiyat, a leading UAE-based systems integrator, has announced that it will implement ‘ICCS Connect’ — the web version of its ‘Image-based Cheque Clearing Solution’ within 40 banks in the UAE.

Built on Microsoft. Net technology, the new web-based version will provide banks with increased operational efficiency, simplified deployment capability, and additional features and workflows. Furthermore, the company expressed its confidence that ‘ICCS Connect’ will help banks streamline growing customer demand and achieve significant savings in IT support costs.

Instead of using the physical cheque for clearing, the ‘ICCS’ solution uses the cheque image and data, which is moved through various steps in the cheque-clearing cycle. By using this solution, customers benefit from shorter cheque clearing cycles, which in turn means faster access to their money. “Leveraging our extensive experience from working with 40 banks in the UAE who have adopted the earlier version of our payment system software, we have developed a new version of ‘Image-based Cheque Clearing Solution’ as part of our commitment to the continuous development of IT-powered payment solutions for the banking sector,” said Tapas Roy, Chief Operating Officer, Raqmiyat. —