EXHIBIT 23.1


              CONSENT OF INDEPENDENT CERTIFIED POUBLIC ACCOUNTANTS


We  hereby  consent  to  the  incorporation  by  reference  in this Registration
Statement  on  Form  S-8  of  International Trust & Financial Systems, Inc. (the
"Company")  of  our  report  dated  April 6, 2004 which appears in the Company's
Annual  Report  on  Form  10-KSB for the years ended December 31, 2003 and 2002.


MALONE & BAILEY, PLLC

Houston, Texas
July 15, 2004



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