TEB Cloud Based Collection System Project

Having acquired a cloud based collection system with Innova's PayFlex Cloud service, TEB can now serve its clients much faster

Turkish Economy Bank (TEB), started its operations as TEB Group’s first company in 1927, leading the private banking sector in Turkey. TEB sustains its leader position with its expanding branch network and wide array of products & services on the one hand, and its affliates in other financial branches such as investment, leasing, factoring, insurance and portfolio management on the other.

Declaring 43.5 billons TL worth of assets and 486 million TL net profits by 2012 end, TEB has realized a net profit increase of 135%.

A fast growing company, TEB’s urgent need of an advanced collection system was met with Innova’s PayFlex Cloud Utility Hub (PayFlex Cloud) service. Providing advanced collection solutions for tens of institutions in Turkey and counting more every day, PayFlex Cloud platform has introduced TEB with a dynamic, reliable adn scalable cloud-based collection system. TEB can now offer its clients faster and streamlined utility bill collection services.