Tacirler Investment, the Turkey-based investment firm, has selected India-based banking technology provider Intellect Design Arena’s investment banking product suite to digitize its brokerage, wealth, and treasury operations.
Under the partnership, Tacirler will implement Intellect Wealth Management as the front end for their total solution, Intellect OMS (order management system-brokerage) solution that includes RMS (risk management system), embedded Algo Trading Engine, In-bound FIX interface with co-location implementation at Tacirler premises and Turkey Stock Exchange (Borsa Istanbul).
The firm will also deploy Intellect Treasury with the cross assets offerings (FX, Interbank, Fixed Income Derivatives to provide canned reports) that interfaces with Reuters, CORE, SWIFT and their back office system.
The implementation will allow Tacirler to ensure that its client base will remain engaged across the investment process with a personalized front end.
Tacirler Investment vice chairman Murat Tacirler said: "We are excited to partner with Intellect Design Arena Ltd. to digitize our business and operations.
"With fintech innovation high on the agenda in Turkey, Tacirler will leverage the seamless integration of front-mid-office functions across multiple asset classes in the country through advanced algorithmic trading for faster decision making."
Intellect Design Arena EVP & geography head IMEA K Srinivasan said: "With Intellect’s comprehensive investment banking product suite and seamless integration across systems, Tacirler will achieve the much-needed flexibility to adapt to the changing regulations enabling faster time to market advantage."