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Founded as a local bank in Adana, Turkey in January 1948, Akbank originally had the core objective of providing funding for local cotton producers. Traded as a public company since 1990, Akbank T.A.Ş. today enjoys a strategic partnership with Citigroup who owns a 20% equity stake in the company.
Using numerous point-to-point connections for banking applications, Akbank faced several problems inherent for these types of connections, such as complex management, difficult monitoring, frequent delays in producing connections with new requirements, and the challenges of customized application programming interfaces.
To overcome these challenges, Akbank embarked on a number of technology transformation projects in 2008 aimed at establishing more integration layers and making a transition to a service-oriented architecture (SOA). Among these projects, Akbank leveraged Oracle Enterprise Service Bus 11g to implement a loosely coupled service infrastructure, providing the mission-critical ability to integrate financial services applications with better connectivity. It also took advantage of the advanced capabilities of Oracle Enterprise Pack for Eclipse 11g to connect between services using various protocols with bundled transports, enabling greater development speed. Overall, Akbank reduced integration development costs by up to 60%, maintenance costs related to integrations by up to 70%, and overall costs by up to 25%.
Akbank leveraged the technical expertise of Oracle Partner MSU Software & Consulting to establish two-way transformations between COBOL copybook structures and XML schemas, as well as to foster the development and administration of proxy services.