More News48 Banks in Turkey go Live on Logica’s Messaging Infrastructure

48 Banks in Turkey go Live on Logica's Messaging Infrastructure

Forty-eight banks, represented by The Banks’ Association of Turkey (TBB), have upgraded their financial messaging infrastructure using Logica’s messaging system. The Logica platform has been successfully rolled out across 10 international and 38 Turkish banks in just two months.

The migration to the new Logica financial messaging platform enables the banks to increase straight-through processing (STP) rates by automating validation and allowing them to develop their own message validation rules. This increases the reliability of the network, as fewer messages are rejected while optimised testing improves the quality and time to market of new financial instruments. The need for manual intervention is also reduced resulting in lower costs for the banks.

The Turkish banks have been Logica clients since 1992 and decided to modernise their messaging infrastructure as part of a broader project to upgrade their hardware platform. Logica’s close partnership with Turkey’s banking community ensured a smooth migration.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha