Iraq continues to expand its digital transformation across the banking sector as the Iraqi Company for Bank Guarantees (ICBG) partners with Delta Informatics, a Jordan-based technology firm, to implement a new Management Information System (MIS). The partnership aims to enhance transparency, efficiency, and financial governance while promoting regional cooperation in technology.
The new MIS for Iraq Bank Guarantees will modernize how ICBG manages its financial operations. The system will help reduce paperwork, improve data accuracy, and enable faster processing of guarantees. In addition, it will allow the company to manage client data securely and comply with Iraq’s evolving financial regulations. The project aligns with Iraq’s broader digital strategy to strengthen financial institutions and attract more foreign investment.
Delta Informatics plans to deliver a comprehensive solution tailored to Iraq’s business environment. The firm will handle system design, configuration, customization, and staff training. It will also provide post-launch technical support to ensure the system functions smoothly. Through this process, ICBG will gain stronger operational control and more reliable access to real-time data.
Moreover, Iraq’s banking sector continues to demand advanced digital systems to support rapid economic growth. The MIS for Iraq Bank Guarantees will help the company streamline transactions, monitor risks, and deliver faster financial services to clients. It will also strengthen trust between local banks and international investors.
The project highlights Iraq’s commitment to digital innovation and cross-border partnerships. By working with a Jordanian technology provider, Iraq demonstrates its regional leadership in adopting modern financial technologies. Furthermore, the initiative supports the country’s goals for a paperless economy and better financial governance.
ICBG aims to use this system to enhance accountability and ensure that all transactions follow international best practices. Through this initiative, Iraq not only invests in technology but also builds long-term capacity for a transparent and competitive financial sector.
Overall, the MIS for Iraq Bank Guarantees represents a milestone in Iraq’s journey toward financial modernization. It shows how technology can support sustainable economic reform, improve service delivery, and expand access to finance across the country.