Istanbul, Turkey and Bangalore, India – May 15, 2013
Turkland Bank (T-Bank), one of Turkey’s leading private banks, and Infosys, a global leader in consulting and technology, today announced the implementation of the Finacle core banking, CRM and treasury solutions. This is the first successful core banking implementation in Turkey, blending innovative local practices with global best practices. This deployment empowers T-Bank to meet the needs of retail and corporate customer segments with faster product rollout and improved customer service.
T-Bank offers a wide range of corporate, private and retail banking services to its customers in the Turkey market. As part of its strategy to meet its growth objective, the bank embarked on this transformation to a new age technology platform with the globally proven Infosys Finacle.
The deployment broke new ground in several ways. Notable highlights of the implementation include:
Haragopal M, Global Head – Finacle, Infosys:
“This partnership reflects the desire for innovation in Turkey’s dynamic financial services sector and Finacle’s track record in driving transformation in banks across the world. The successful implementation is a clear testimony of our strong delivery capabilities, and we look forward to helping T-Bank continue to bring new compelling products and services quickly to its customers.”
Dincer Alpman, Chief Executive Officer, T-Bank:
"A best-in-class technology platform is imperative for growth. T-Bank is pleased to have pioneered the first full-fledged core banking implementation in Turkey with the globally recognized solution from Infosys Finacle and flawless project management from Cedar Consulting. The successful rollout of this platform will augment our vision for delivering quality products and services to our customers."
Ílhan Zeki Köroglu, Chief Information Officer, T-Bank:
"Finacle core banking solution was selected after a thorough review of global systems. The successful implementation has helped us benefit from global best practices, which will help us provide exemplary customer service, streamlined operations and innovation in products."
The technology transformation exercise, Project Future, featured Infosys in an alliance with local sales partner – Segmentist. The program was managed by Cedar Consulting, a leading management and IT consulting firm.
V. Ramkumar, Senior Director, Cedar Consulting:
"This is a landmark project for the Turkey market and will help bring in a fresh burst of innovation in banking technology and practices."
T-Bank has an established presence in the Turkish banking sector, through a team of more than 500 employees, across 27 branches, located throughout the major industrial and financial centers in the country. T-Bank continues to selectively expand its network in Turkey by branching out in areas with vibrant economic and trade activities. The bank emerged as one of the fastest growing mid-sized banks in Turkey, specialized in providing customized premium banking services to the commercial business sector as well as to small and medium-sized enterprises (SMEs). The bank offers a comprehensive range of services including treasury and cash management, investment services and trade finance. Personal banking services are also available for the executives and shareholders of T-Bank’s corporate clients. In addition, T-Bank benefits from the well-developed network of its shareholders (Arab Bank Plc 28%, Arab Bank Switzerland 22% and Bank Med Sal 50%) in the MENA region, enabling the bank to further expand the scope of its services beyond the Turkish borders bridging the gap between Turkish and Middle Eastern companies.
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