Payten was honored with the Bronze Stevie Award at the 18th Annual American Stevie Awards for its innovative Payten Fintech Suite. This recognition gained in the "Business Development Achievement of the Year - Financial Services Industries" category, marks a significant milestone in Türkiye’s fintech landscape.
As Türkiye's pioneering 'turnkey fintech solution', Payten Fintech Suite is a comprehensive, multi-channel fintech ecosystem designed to simplify the process of establishing fintech companies. The awarded project involved one of Türkiye’s largest state banks using the Payten Fintech Suite infrastructure to establish a fintech company. This bank became the first public bank in Türkiye to establish a fintech company. The Payten Fintech Suite has significantly reduced the market entry preparation time of the bank by 75%, eliminating the need for extensive technical expertise.
Payten provided a range of modules for the project, including a payment gateway, virtual POS, e-wallet, money transfer services, a disaster recovery center, fintech consultancy, account consolidation, reconciliation solutions, dealer collections, card vaulting, mobile solutions, and a secure IVR solution, all fortified by a 360-degree anti-fraud system. The bank also improved payment experience with one-click payments, recurring payments and mobile wallets. Further, online onboarding feature of the solution enables the bank to complete merchant acquisition processes remotely.
This recognition by the Stevie Awards underscores Payten's role as a trailblazer in the fintech industry, both in Türkiye and globally. The successful implementation of the Payten Fintech Suite for a state bank highlights its potential to revolutionize financial services, making fintech solutions more accessible and efficient.