Turkish Credit Machine Invention Receives Technology Award From England

The Credit Machine, the result of a project conducted by Innova and Akbank, won the “Jury Special Award” in the technology field by “The Banker”, one of the world’s most respectable banking and finance magazines.

The Akbank Credit Machine, selected by a jury consisting of IT managers and analysts from international financial institutions in this year's 6th annual The Banker Technology Awards, sponsored by the Financial Times Media group and attended by 250 banks and financial institutions from around the world, has the honor of being a first in the sector.

The product of a 1.5 year R&D project conducted by Innova, the Akbank Credit Machine offers customers the ability to receive a loan or a credit card in a very short time without ever having to go to the bank.

The machine, which operates in a completely self service manner, can take a photograph of the applicant, make a photocopy of the applicant's ID, and, with an integrated signature panel, can record the customer’s real signature electronic format. In short, with the Akbank Credit Machine applications can be registered in exactly the same way they are at the bank’s branch office.

The individual credit contract printed by the Akbank Credit Machine is returned to the Credit Machine after being signed. After all processing is complete, and a credit account has been created, the customer may use the “Consumer Credit Card” issued from the Akbank Credit Machine to withdraw the money from any Akbank ATM or BTM.