Consulting on Banking Systems

First: Core Banking Systems and Digital Financial Applications

This includes providing technical and organizational consulting related to core banking systems, as well as support in the selection, evaluation, and development of banking systems and digital financial applications. It also covers aligning systems with risk management, compliance, regulatory reporting, and Islamic banking requirements, in addition to reviewing information security controls and ensuring integration among different systems.

Second: Anti–Money Laundering and Counter-Terrorism Financing (AML/CFT) Systems

These services include assessing the efficiency and effectiveness of AML/CFT systems, auditing policies and procedures related to customer due diligence, risk classification, and transaction monitoring. They also include reviewing compliance with FATF instructions and standards, evaluating automated monitoring and alert systems, testing suspicious activity scenarios, supporting the preparation of self-assessment and regulatory inspection reports, and providing recommendations and remediation plans.

Third: IT Governance and IT Service Management Systems (in accordance with COBIT 2019 and ITIL 4)

These services include assessing the maturity level of IT governance, aligning the IT strategy with the bank’s strategy, and designing and evaluating frameworks and policies related to IT risk management, information security, and business continuity. They also include support in developing key performance and risk indicators, and aligning IT governance systems with relevant regulatory requirements and standards.

Fourth: Islamic Banking Products and Services Systems

This includes consulting related to the design, development, and evaluation of systems for Islamic banking products and services, including Murabaha, Mudaraba, Musharaka, Ijara, Istisna’, Salam, and Investment Agency (Wakala bil-Istithmar). It also covers aligning systems with Shariah Supervisory Board resolutions and IFSB and AAOIFI standards, assessing Islamic product risks, supporting the preparation of operational manuals, contracts, and templates, and providing technical recommendations for the development of Shariah-compliant retail, corporate, and investment services.