Turkland Bank Deploys Infosys Finacle To Drive Innovation-Led Growth
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:
- Future-ready IT architecture to support strategic growth – T-Bank launched Finacle simultaneously across a network of 27 branches. With Finacle, the bank now has a robust and feature-rich technology infrastructure, allowing them to scale up to meet their future growth
- Fast and flexible product rollout improves competitiveness – Finacle enables T-Bank to rapidly design, launch and deliver new products and services. In a market renowned for being at the forefront of banking innovation, this strengthens T-Bank’s ability to compete on their home turf
- Extensive localization to meet local market needs – Central to the program’s success was the deployment of a system localized to meet market needs. As part of this deployment, Finacle addressed and 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 – The solution is fully compliant with the requirements of the domestic regulator, Banking, Regulation and Supervision Agency (BRSA)
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."