1993 Founding of the company
2012 start of cooperation with Colvir Software Solutions

The Turkmen-Turkish Joint-Stock Commercial Bank is a multilateral financial company that is part of the unified banking system of Turkmenistan. It was established in accordance with a memorandum signed between Turkmenistan and the Republic of Turkey, as the first joint bank with foreign investments on the territory of Turkmenistan.

More about the bank
COLVIR PRODUCTS
The bank uses more than 40 modules of the Colvir banking system.
Core Banking System
A modern platform for efficient banking operations, offering a wide range of functional modules.
Colvir ERP
An integrated system for the effective management of an organization's operational, financial, and economic activities.
Internet Banking
Digital banking for corporate clients helps ease the burden on physical branches, brings in new customers, and keeps the bank competitive by delivering a contemporary standard of service
In 2023, Colvir Software Solutions specialists carried out a number of product updates at the Turkmen-Turkish Bank (TTB). The first bank in Turkmenistan with foreign investment implemented the Internet Banking for Legal Entities (IBLE) product for remote client servicing and deployed a Notification Service.
The Turkmen-Turkish Bank, which celebrated its 30th anniversary this year, is moving toward new technologies and modern opportunities for its clients. Both the 'Internet Bank for Business' and the 'Notification Service' are proven, high-performance, and technologically advanced solutions. Therefore, all stages of the project proceeded in a predictable manner. Both our team and the bank performed excellently, thanks to great communication and a shared focus on success.
Achilles Metaxa
Account Manager for the bank at Colvir Software Solutions

The implementation of new IT solutions at the Turkmen-Turkish Bank will continue the trend toward end-to-end process automation, increase data processing speed, reduce paperwork, and significantly improve the quality of customer experience. According to global studies on banking customer satisfaction, the most important factor for the majority is the bank's ability to provide comprehensive and full-service client support. The introduction of new remote banking solutions at the Turkmen-Turkish Bank will strengthen the loyalty of existing clients and attract new ones.

The "Internet Bank for Business" enables banks to offer clients a wide range of online banking services. This translates to higher speed and convenience of service, lower office expenses, and optimized workloads for branch managers. The "Notification Service" handles message transformation and routing, manages message queues, and maintains an independent dispatch log. The products operate 24/7.
Stanislav Malinin
Presale Manager at Colvir Software Solutions

The implementation project proceeded smoothly, distinguished by professionalism and well-coordinated teamwork between the project teams from both the Turkmen-Turkish Bank and Colvir Software Solutions.

Our solution, the Internet Bank for Legal Entities, meets the bank's requirements for infrastructure fault tolerance and security. It features a user-friendly, intuitive interface and seamless integration with the Colvir CBS. The solution's implementation helps improve the automation process, increase data processing speed, and reduce paperwork. As part of the project, we also implemented a number of additional bank requirements for the IBLE tool. For the Notification Service module, we provided a standard solution with message sending capabilities from application modules such as 'Loans,' 'Deposits,' 'Card Back Office,' 'Settlement and Cash Operations,' and others. Our collaboration with the Turkmen-Turkish Bank was successful and productive. On behalf of the implementation team, I would like to thank the bank's team for their fruitful work.
Aliya Kairbekova
Implementation Manager

The new solutions from Colvir are now successfully operational at the Turkmen-Turkish Bank, making the daily lives and work of both employees and clients more convenient and efficient.

  • Respect and trust of customers is the main measure of success of Colvir Software Solutions

The bank's clients—business owners—have long awaited the opportunity to access remote banking services for their businesses, and they are now enjoying all the benefits of the new products. Receiving timely notifications allows our clients to stay informed about everything related to their business, maintain control over the situation, and carry out all necessary financial transactions in a timely manner. Among the advantages of the new products, our clients highlight speed and the wide range of capabilities offered.
Khojamamed Alchekov
Head of the IT Department at TTB
COLVIR WINS
Colvir's success goes hand in hand with client success.

  • Market Expertise

    The Turkmen-Turkish Bank is among the 8 banks in Turkmenistan that have been successfully and efficiently running on the Colvir banking platform.

  • Cutting-Edge Products

    Colvir's clients are positioned to be the first to bring innovative and trustworthy services to the market.

  • Enduring Partnerships

    Colvir has been a reliable technology partner and vendor for the bank's development projects since 2012.

  • Sustained Growth

    With Colvir's new solutions, the Turkmen-Turkish Bank delivers competitive products and state-of-the-art services across Turkmenistan.

Professionalism and seamless collaboration are the keys to success and effective IT solutions for the bank!

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