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Turkey - May 7, 2008 - Mellon Group of Companies announced today the inauguration of Mellon Teknoloji Turkiye in Turkey. Mellon Teknoloji Turkiye aims to support the increasing needs of organizations in effectively managing and expanding their retail banking and consumer credit business.
 "With a population that exceeds 70 million, approximately 50 financial institutions and over 7500 branches, Turkey is the biggest and more mature market in retail banking that the Group has entered so far. This expansion represents a major milestone and a challenging venture as we will be competing with well established local and international players, at considerably higher volumes. The extensive experience gained by assisting our customers address the issues arising from the rapidly changing financial market in the region, is already giving us a head-start in establishing Mellon in Turkey, and we are looking forward to share this experience with the Turkish banks," commented Stefanos Karapetsis, Executive Director, Mellon Group of Companies.
Mellon Teknoloji Turkiye is offering the full range of products and services of Mellon’s portfolio that consists of front-end and back-end solutions and services that facilitate transactions. Separately, bundled or combined into value added propositions, Mellon’s offering covers all the stages of the consumer credit life-cycle, including a range of technologically advanced solutions addressing all the delivery channels of a bank, and a set of specialized outsourced services, including call center services, business process outsourcing, transaction processing and managed services.
"Mellon Teknoloji Turkiye takes advantage of a unique central pool of specialized skills and know-how, proliferating the Group’s capabilities to the maximum. Combined with the local expertise of the company’s executives, we are able to offer to the banks in Turkey truly integrated solutions and services that will help them optimise their retail banking and consumer credit business, grow their market share and profitability, develop their network and promote competitive products and services with short time-to-market," said Kaan Kiziltan, General Manager, Mellon Teknoloji Turkiye.
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