Leading Turkish private bank Turkland Bank has deployed Finacle software product of Indian IT bellwether Infosys for its core banking, customer relationship management and treasury operations.
“Implementation of our core banking software (Finacle) at Turkland Bank is the first of its kind in Turkey, blending local practices with global best practices as the product meets the needs of retail and corporate customer segments,” Infosys said in a statement here Friday.
The Istanbul-headquartered T-Bank, which offers corporate, private and retail banking services through 27 branches in major industrial and financial centres across Turkey, has migrated to the new age technology platform.
“With Finacle, the bank has a feature-rich technology infrastructure, allowing it to scale up to meet future growth. The core banking solution enables it to rapidly design, launch and deliver new products and services,” Infosys’s Finacle global head M. Haragopal said in the statement.
In a market that is at the forefront of banking innovation, the software product strengthens the bank’s ability to compete on its home turf.
As part of deployment, Finacle delivered Turkey specific banking capabilities such as funds transfer and clearance, transactional security and multi-currency support. The system also provides support for Turkish language.
“Fully compliant with Turkish regulatory requirements, Finacle meets the requirements of the domestic regulator, Banking, Regulation and Supervision Agency (BRSA),” Haragopal said.
Lauding Finacle as the best-in-class platform, T-Bank chief executive Dincer Alpman said their bank has pioneered the country’s first full-fledged core banking implementation in Turkey.
“The roll-out of the platform will augment our vision for delivering quality products and services to our customers,” Alpman noted.
T-Bank chief information officer Ilhan Zeki Koroglu said Finacle helped them benefit from global best practices and provide exemplary customer service, streamlined operations and innovation in products.