By partnering with Fineksus, Hayat Finans achieved a successful ISO 20022 Migration, enhancing their operational efficiency and compliance.

Background

Hayat Finans stands out as Turkey’s first digital bank, founded on 10 August 2022, pioneering innovative solutions and redefining the banking landscape. Hayat Finans has quickly gained traction and demonstrated promising success in the banking industry with a commitment to providing seamless digital experiences and innovative financial products. Their agile approach to banking, coupled with Fineksus’ expertise, positions them as leaders in the digital banking sector, eager for continued growth and success. To enhance their financial services for their top-tier customers, Hayat Finans recognized the need for modernization in their Swift infrastructure. To stay competitive and compliant, they embarked on a transformation journey, seeking a reliable partner with industry expertise.

Collaborating with Fineksus

In September 2022, Hayat Finans joined forces with Fineksus, a reliable partner in the financial technology landscape. Fineksus’s reputation for innovation and its pioneering role in the ISO 20022 Migration with PayGate™ Maestro and PayGate™ Converter made it the ideal choice for this critical project.

The Role of Fineksus

1. Industry Experience: Fineksus brought extensive industry experience to the table. Their deep understanding of financial systems and regulations ensured a smooth transition for Hayat Finans.
2. Technological Expertise: During this transformation process, Fineksus’ provision of ready-made solutions like PayGate™ Maestro facilitated Hayat Finans to strengthen its infrastructure rapidly and effectively. The agile nature of PayGate™ Maestro allowed for workflow optimization and swift adaptation to changing market conditions.
3. Collaboration and Communication: Throughout the ISO 20022 Migration, Fineksus provided crucial technical support and expertise. Collaborative efforts between the two institutions facilitated knowledge sharing and ensured a seamless transformation process.

Future Outlook

At present, only services for financial messaging format conversion are being obtained. However, in order to prevent issues with correspondent banks after November 2025, alternative solutions such as Transaction Manager are being considered with Fineksus’ collaboration. Throughout this process, Fineksus’ industry experience and technological infrastructure contribute to positioning Hayat Finans more robustly and competitively for the future.

“Fineksus played a critical role in the ISO 20022 Migration with its extensive industry experience and technological expertise. During this transformation process, Fineksus’ provision of ready-made solutions like PayGate™ Maestro and PayGate™ Converter facilitated Hayat Finans to strengthen its infrastructure rapidly and effectively.”

Ekrem Kürkçü,
Head of Banking Operations at Hayat Finans

Demonstrating Success

The successful collaboration and transformation between Fineksus and Hayat Finans serve as an example for other institutions in the sector. Fineksus’s pioneering role and industry experience demonstrate the importance of successful collaboration and achieving customer success in critical transformation processes like ISO 20022 Migration.