Leading Bank in Turkey Relies on Archer for Integrated Risk Management
Company Size
1,000+
Region
- Asia
Country
- Turkey
Product
- Archer
Tech Stack
- Integrated Risk Management Software
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
Technology Category
- Application Infrastructure & Middleware - Data Exchange & Integration
Applicable Industries
- Finance & Insurance
Use Cases
- Regulatory Compliance Monitoring
Services
- System Integration
About The Customer
Türkiye Vakıflar Bankası T.A.O. is one of the largest banks in Turkey, serving individual and corporate customers through more than 900 physical branches and internet banking. In addition to core financial services, the bank engages in investment banking and capital market activities, playing a leading role in financing domestic and foreign trade. It also works with financial affiliates to offer other products ranging from insurance to leasing and factoring services.
The Challenge
Türkiye Vakıflar Bankası T.A.O., one of the largest banks in Turkey, faced the challenge of efficiently executing a multitude of distributed processes and procedures associated with risk management. Given the size and diversity of its offerings and operations, the bank needed a solution that could consolidate these processes on a single platform and enable a streamlined, efficient approach. The bank also had to comply with regulations for management of third parties published by the Banking Regulation and Supervision Agency (BRSA), which oversees and regulates the Turkish banking sector.
The Solution
Since 2013, the bank has relied on Archer to consolidate its risk management processes on a single platform. Archer was chosen after a market survey of technology providers for automating risk management processes. The bank employs multiple Archer solutions to address requirements across areas of risk management that include IT security, audit, business resiliency, compliance and third-party governance. Archer provides robust reporting functionality to Türkiye Vakıflar Bankası T.A.O., enabling the generation of reports using real-time data. Archer also plays a key role in enabling the bank’s compliance with regulations for management of third parties.
Operational Impact
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