Maveric Systems Selected for Core Banking Transformation by Garanti BBVA International

Garanti BBVA International Partners with Maveric Systems for Core Banking Upgrade

Garanti BBVA International (GBI), a prominent member of the BBVA Group and a significant player in the Turkish banking sector, has announced its partnership with Maveric Systems. The collaboration is aimed at transforming GBI's core banking system and modernizing its technological framework. This partnership represents a strategic move to elevate GBI's banking capabilities and maintain its competitive edge in the financial services market.

Maveric Systems, renowned in the banking and financial services technology sector, was selected after a rigorous evaluation process. Their 25 years of expertise in the banking domain and proven mastery in core transformation, particularly with Temenos solutions, contributed to GBI's decision. Ranga Reddy, CEO of Maveric Systems, expressed confidence in the partnership, highlighting their track record of delivering large-scale core banking transformations. This initiative aims to modernize GBI's current Temenos T24 core banking system by deploying the latest version of Temenos Transact, ensuring improved service delivery in the Netherlands and other markets.

Mrs. Sebnem Ipekci, Chief IT Operating Officer at GBI, emphasized the significance of this partnership in facilitating their core transformation journey. By reimplementing the core platform with cutting-edge functionality while minimizing customizations, GBI intends to accelerate the introduction of new products to the marketplace. This endeavor aligns perfectly with GBI's strategic priorities, highlighting Maveric's understanding of their operational goals.

Established in 1990 in Amsterdam, GBI is a mid-sized European bank focused on providing various financial solutions, including trade finance, corporate banking, and retail banking services in the Netherlands and Germany. The bank's existing clientele includes retail, corporate, and institutional customers, making it a versatile entity within the European banking landscape. Their commitment to innovation is evident, and this partnership with Maveric Systems marks a critical milestone in adapting to the rapidly evolving banking sector.

Maveric Systems, founded in 2000, specializes in driving operational and technological transformations within the banking and financial services industry. With a strong emphasis on AI, data management, and automation, Maveric systems utilizes deep industry knowledge to tackle complex challenges faced by banks. Their focus on creating dedicated AI Centres of Excellence and leveraging proprietary frameworks positions them as a leader in contextually relevant tech solutions.

With an extensive portfolio in retail and corporate banking, as well as wealth management, Maveric Systems aims to ensure that every initiative aligns closely with market needs and client expectations. This makes them a crucial ally for banks looking to innovate and enhance their service offerings.

As this partnership unfolds, the banking community awaits the innovative solutions that arise from the collaboration between Garanti BBVA International and Maveric Systems. By leveraging Maveric's proficiency in technological advancements alongside GBI's established market presence, both entities are set to impact the banking industry's future positively. The enhancements in technology and service delivery promise to meet the evolving needs of customers while strengthening GBI’s position in the competitive European banking market.