Home News & events Press Releases 2012 AccessBank successfully migrates to its in-house retail banking platform

 

AccessBank successfully migrates to its in-house retail banking platform based on TranzWare

AccessBank_logo_600x100_colorAt the end of May 2012, Azerbaijani AccessBank completed the successful migration of its customer base from a third party system to an in-house retail banking platform based on the TranzWare Card Management System solution from Compass Plus. This project resulted from the bank’s decision to further develop its product range to become even more flexible and effective in the market and to offer credit products using bank cards.

The decision to implement the TranzWare Card Management System from Compass Plus was based on the company’s vast experience in the Azerbaijani market, their expertise in Azerbaijani accounting, as well as their extensive product range and trusted reputation.

The project was complex, it required integration not only with the banking system used by AccessBank, but also with the third party host solution used by the bank’s processor, MilliKart. Other challenges included the extremely tight deadlines of the project implementation and a number of unique requirements to the business logic of the products the bank plans to launch in the market in the near future.

Anar Gasanov, Retail Operations Director at AccessBank said of the project, “We started our partnership with Compass Plus at the beginning of the summer 2011 and were pleasantly surprised by the flexibility they apply to solving various issues, which made our negotiation process significantly easier. The preference was given to the solution from Compass Plus also due to the functionality of the system which has now been integrated. Currently we are finishing extensive testing of the integrated system and preparing to launch new credit products to the Azerbaijani market. We hope that the new products will be in high demand with our valued customers and will help the bank reinforce its position in the financial services market”.

About AccessBank:

AccessBank was established in October 2002 and pays special attention to developing micro and small businesses, as this sector is crucial for the development and diversification of the Azerbaijani economy and the creation of new job opportunities in the country. AccessBank was rated as the most reliable bank in Azerbaijan by Fitch rating agency and was awarded “Best Azerbaijani Bank” at the annual awards ceremony held by Global Finance in 2011 and Euromoney Publishing Group in 2010 and 2011 as well as awarded “Bank of the Year” by The Banker in 2011.

http://www.accessbank.az

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