Integrated digitization approach to provide first mover advantage in Capital Markets
Intellect Design Arena Ltd, a specialist in applying true Digital Technologies across Banking & Insurance, today announced their entry into Turkey, reinforced with their first relationship with Tacirler Investment, the leading independent investment company licensed and regulated by the Capital Market Board of Turkey. Tacirler chose to partner with Intellect to digitize its Brokerage, Wealth, and Treasury operations. This implementation will provide them an edge amongst the capital market players in the region with the first mover advantage in the integrated digitization journey.
The Financial Services industry is going through rapid change. Firms engaged in managing investments are evolving to address the changing needs and desires of investors. One of the most critical components of total investment process is a solution with an extensive range of capabilities, flexibility and configurability and seamless integration.
Tacirler Investment chose to implement Intellect Wealth Management as the front end for their total solution, with Intellect OMS (Order Management System - Brokerage) solution that includes RMS (Risk Management System), embedded Algo Trading Engine, In-bound FIX interface with co-location implementation at Tacirler premises and Turkey Stock Exchange (Borsa Istanbul) for swifter trading, and Intellect Treasury with the cross assets offerings (FX, Interbank, Fixed Income Derivatives to provide canned reports) that interfaces with Reuters, CORE, SWIFT and their back office system. The flexible and configurable framework will enable Tacirler to ensure that its client base will remain engaged throughout the investment process with a personalized front end.
Murat Tacirler, Vice Chairman, Tacirler Investment said, “We are excited to partner with Intellect Design Arena Ltd. to digitize our business and operations.” He also added, “With fintech innovation high on the agenda in Turkey, Tacirler will leverage the seamless integration of front-mid-office functions across multiple asset classes in the country through advanced algorithmic trading for faster decision making.”
K Srinivasan, EVP & Geography Head, IMEA, Intellect Design Arena Ltd., “We are delighted to be the preferred partner for Tacirler, the leading Turkish investment firm. This is an important win for us. With Intellect’s comprehensive investment banking product suite and seamless integration across systems, Tacirler will achieve the much needed flexibility to adapt to the changing regulations enabling faster time to market advantage.”