Infosys Technologies Ltd. (Infosys), a world leader in consulting and information technology services and Turkland Bank (T-Bank) today announced that T-Bank, a successful niche bank in Turkey, has selected Finacle(TM), the universal banking solution from Infosys, to strengthen operations across the home country. Infosys will implement Finacle(TM) core banking, CRM, e-banking and treasury solutions at T-Bank to drive the bank's objectives of product innovation, client-centricity and scalability for future growth.
T-Bank offers a wide range of corporate, private and retail banking services to Turkey's extensive small and medium size enterprises. To fulfill its aggressive growth objective, the bank intends to leverage global banking practices on a new age technology platform to gain a competitive edge.
According to Dincer Alpman, Chief Executive Officer, T-Bank, "Our bank is pleased to have selected Finacle from Infosys, a globally well acclaimed and rich core banking product. We are also confident that this project will help Infosys build a much stronger presence and clientele in the Turkish market." Ilhan Zeki Koroglu, Chief Operations & Information Officer, T-Bank said, "Our bank aims to accelerate product and channel innovation and streamline operations for future growth. Finacle's state-of-the-art solution and Infosys's excellent delivery track record were the key factors in this selection. We are confident that this partnership will provide our customers
with a differentiated, world-class experience."
T-Bank went through a detailed selection process for its 'Project Future' where the top global vendors were invited to participate.
Cedar Consulting, a leading management consulting firm, had managed this comprehensive evaluation process. According to V. Ramkumar, Global Head-Business Technology Practice, Cedar Management Consulting, "The system selection was focused to deliver on the strategic objectives of the bank and included evaluation across global solutions. This project will lead to one of the first full fledged core banking replacements in Turkey, making it a landmark in Turkey's banking industry."
With this success, Finacle continues its strong progress in the Turkish banking industry. Sanat Rao, Vice President and Worldwide Head
Business Development and Alliances - Finacle, said, "We are delighted to partner with an innovative and growth-oriented institution like T-Bank. We are strongly committed to ensuring that T-Bank attains its twin business strategies of innovation and operational efficiency. Turkish banks have long harnessed the power of innovation to fuel future growth and Turkey is a strategically important country for Finacle."
As a leader in banking transformation, Finacle(TM) has a global footprint across 65 countries and has been acknowledged among leaders in the core banking solution space by top analysts including Gartner and Forrester. Finacle(TM) has also been recognized through industry awards for its innovation and implementation capabilities, the most notable ones being The Banker Technology Award, The Asian Banker IT Implementation Award and The Banking Technology Judge's Special Award for "Innovative Use of IT".