Azerbaijan's Technikabank selects BPC SmartVista for card processing

Source: BPC Banking Technologies

BPC Banking Technologies, a recognized provider of e-payment and retail banking solutions, announced the beginning of a new project for the provision of SmartVista software products to deploy a fully functional in-house processing center at Technikabank, one of the largest and the fastest developing bank in the Republic of Azerbaijan.

Due to the SmartVista implementation the bank plans to increase the quantity of the issued cards by two times, start issuing EMV-cards and considerably raise the number of ATMs and POS-terminals by the end of the year.

The project will be realised in two stages. The first includes the deployment of a modern fully functional processing centre based on SmartVista products and its certification with Visa and MasterCard, including the certification of EMV-card issuing and acquiring. The second stage implies the complete migration of the bank's card products from the outsourced AzeriCard's processing center. This methodology of project realisation allows the bank to ensure continuity and unchanging quality of card services during the project realisation.

"The migration of our card business from an outsourced to an in-house processing centre is an important step in the development of card products and services of a modern bank. Ensuring higher independence and flexibility in the realisation of new card programmes, an in-house processing center provides a bank with better opportunities and competitive advantages in the retail financial services market. The unique features of SmartVista will allow Technikabank to realise the boldest marketing strategies in the sector of cards and support the continuing growth and development of the business", said Polad Talybov, Head of Card Department, Technikabank.

"For BPC the project for implementation of a modern processing centre in Technikabank is the first project to be realised in Azerbaijan. Nevertheless BPC already has a significant experience in the CIS where SmartVista has been chosen by the largest financial institutions of the former Soviet republics, striving to acquire modern, flexible and simple operational systems of SmartVista class to realize in-house processing centers and move from outsourced processing services. BPC fully supports this strategy considering it the best for the fully fledged development of the card business in a situation of fast changing market terms", stated Vasily Grigoriev, CEO, BPC Banking Technologies. "BPC also tends to strengthen the company's positions in the CIS market and expects to acquire in Technikabank both a customer and a partner in the sphere of development of retail financial technologies".

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