Turkey’s leading Bank deploys SunTec’s pricing solution

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Trivandrum: VakifBank, one of the largest banks in Turkey, has announced that it has awarded Pricing and Billing technology solution deployment contract to the Thiruvananthapuram based SunTec Business Solutions, a global provider of Relationship-based Pricing and Enterprise Billing solutions.

Under the terms of the contract, SunTec’s solution will enable VakifBank to implement ‘a Dynamic Pricing System’ to support the bank’s Innovative Transformation Core Programme. SunTec’s solution will ensure the flexibility in pricing operations across multiple product lines viz., current & deposit accounts, loans and investments. The solution will be implemented by SunTec and its partner Segmentist and enable the bank to shrink the time-to-market for launching innovative products and services to its retail and Corporate Customers.

“SunTec’s solution will deliver an innovative invoicing experience for VakifBank, as the bank would be able to offer flexible and usage based pricing schemes for its retail and corporate customers and enable the bank to launch innovative products in a compressed time frame. The solution will enhance the business agility for the bank in line with its recent core banking transition”, said Nanda Kumar, President & CEO, SunTec.

“SunTec is a strategic partner in Vakifbank’s Innovation Transformation (VIT) programme. One of the key objectives of the programme is to offer dynamic pricing to all our loyal Customers. SunTec’s business solution will be the core of our enterprise architecture to ensure all dynamic pricing and billing requirement of the bank”, said Ali-Engin Eroglu, CIO, VakifBank. VakifBank is the sixth largest bank in Turkey and third largest state-owned bank.

SunTec is a leading provider of Customer Relationship and Revenue Management solutions, enabling enterprises across the globe to drive their revenue management and business assurance objectives through award winning products and an experienced team of value driven professionals.

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