Albaraka API Receives 4 Prestigious Awards, Including 3 International Recognitions
Albaraka API (Application Programming Interface), established within Albaraka Türk (IS:ALBRK), continues to offer secure, easy, and effective access to open banking services, providing strong ecosystem support to the sector in line with current financial application trends.
By strengthening the bond between fintech initiatives and financial institutions, Albaraka API enables banks to transform into platforms and develop their own ecosystems through new collaboration strategies. It has recently won four significant awards, including three at the international level.
Albaraka API was honored in the Banking & Finance Technology category of the Global Banking & Finance Awards 2024 as the 'Best Open Banking API Platform in Turkey for 2024', recognized as the 'Best API/Open Banking Platform Provider' in Transaction Banking for 2024 at the Global Banktech Awards organized by The Digital Banker, and awarded first place in the Best in Future of Industry Ecosystems category at the IDC Future Enterprise Awards program, held during the IDC Turkey DX Summit for the Albaraka Open Banking Platform Project. Additionally, the Albaraka API has been recognized by a UK-based financial technology research firm, further validating its impact both nationally and internationally.
Malek K. Temsah, General Manager of Albaraka Türk, stated that they are one of the leading banks in Turkey in open banking and API technologies: "The awards received by our API system are an important indication of our contribution to the open banking ecosystem and our leadership in digital financial services. Our modern API infrastructure allows us to provide seamless, fast, and secure services to both individual and corporate customers in harmony with financial technologies. Particularly, our solutions developed in compliance with open banking regulations meet the highest standards for accessibility and security of financial data. These awards are proof that our user-friendly API tools provided to our partners and developers inspire the birth of innovative products."
Dr. Ömer Emeç, Deputy General Manager responsible for Strategy and Transformation at Albaraka Türk, made the following remarks on the subject: "As Albaraka Türk, we see open banking as one of the focal points of our pioneering banking strategy. It brings us great joy and pride that our platform, which we have developed to provide a superior experience to users, has been awarded by institutions that evaluate on an international level. By continually strengthening Albaraka API with our investments and regularly updating it regarding efficiency and security, we will continue to offer pioneering support for financial collaborations."