This recent initiative with Montran reflects VakifBank’s commitment to providing efficient, reliable, and technologically advanced financial solutions to their clients.

New York City, NEW YORK, 20 March 2024 /Montran/ — VakifBank New York, a branch of VakifBank based in Türkiye, proudly announces the successful implementation of Montran’s ISO 20022-Compliant Global Payments System (GPS). This cutting-edge solution, equipped with certified interfaces to Fedwire, SWIFT, and Oracle’s Flexcube, marks a significant step in enhancing VakifBank’s financial services and operations.

VakifBank New York was established to provide financial services to the Turkish community in America, and has been a cornerstone in facilitating financial transactions between Türkiye and the United States. This recent initiative with Montran reflects VakifBank’s commitment to providing efficient, reliable, and technologically advanced financial solutions to their clients.

The decision to adopt Montran’s solution was driven by VakifBank New York’s dedication to streamlining its operations and enhancing customer service. The ISO 20022-Compliant GPS solution, seamlessly integrated with certified interfaces, proved instrumental in automating what was once a predominantly manual process, while ensuring compliance with international standards, fostering interoperability, and processing financial transactions effortlessly. This solution integrates seamlessly with Fedwire, SWIFT, and Oracle’s Flexcube, providing a robust foundation for secure and efficient financial operations.

“This strategic integration not only streamlines our client’s operations but also ensures the highest standards of security, compliance, and interoperability,” said Matt Walsh, Global Sales Director at Montran. “Montran’s advanced technology has truly been instrumental in modernizing VakifBank’s financial operations, enhancing customer service, and empowering us to meet the diverse needs of our valued clients.”

About VakifBank New York

VakifBank New York, established in 1991, serves as one of the four international branches of VakifBank. Committed to providing financial services to the Turkish community in the United States, the branch supports trade between Türkiye and the U.S., and facilitates fast and reliable fund transfers. Discover more at www.vakifbankusa.com.

About Montran

Montran is the leading provider of Payment and Securities Market Infrastructure solutions, servicing the world’s foremost financial institutions with mission critical installations and operations in over 80 countries. Discover more at www.montran.com.

SOURCE Montran