Umraniye, 34768,
Turkey
Albaraka Turk Technographics
Albaraka Turk Technographics, Software Purchases, AI and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by Albaraka Turk and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 2826 Albaraka Turk employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Albaraka Turk has purchased the following applications: ConsenSys Quorum for Blockchain Platform in 2019, Microsoft Azure Cloud Services for Application Hosting and Computing Services in 2021 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Albaraka Turk is running and its propensity to invest more and deepen its relationship with ConsenSys , Microsoft , Akamai or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Albaraka Turk revenues, which have grown to $417.0 million in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Albaraka Turk intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
Albaraka Turk Tech Stack and Enterprise Applications
Albaraka Turk Blockchain
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| ConsenSys | Legacy | ConsenSys Quorum | Blockchain Platform | Blockchain | n/a | 2019 | 2019 |
In 2019 Albaraka Turk deployed ConsenSys Quorum as part of the Takasbank BiGA Digital Gold initiative, using ConsenSys Quorum within the Blockchain Platform category to support tokenized gold trading and custody trials. The implementation was executed during Takasbank led pilots that included Albaraka Turk alongside other members of the Takasbank Gold Transfer System, targeting institutional trading workflows and planned consumer expansion.
The ConsenSys Quorum deployment implemented core tokenization and trading ledger functionality to represent fractional ownership of physical gold, together with settlement and custody recordkeeping to support around the clock trading and asset traceability. The technical configuration emphasized a private, permissioned blockchain architecture, enabling transaction privacy controls while preserving immutable provenance for tokenized units of gold.
Operationally the platform was connected to Takasbank processes and backed by physical reserves held with Borsa Istanbul, reflecting integration between the token ledger and existing custody arrangements within the Takasbank Gold Transfer System. Trials with Albaraka Turk and partner banks scoped trading, custody, and reconciliation processes, positioning the Blockchain Platform to extend from wholesale participants toward future consumer access.
Governance and cryptographic controls were a focal point for the rollout, Takasbank adapted the Quorum codebase with a new cryptographic design to meet regulator monitoring and privacy requirements, while allowing authorized oversight of transactions. The implementation emphasized private transaction confidentiality and regulator visibility, and it produced explicit operational outcomes stated by Takasbank such as 24/7 trading capability and enhanced gold traceability.
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Albaraka Turk IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Microsoft | Legacy | Microsoft Azure Cloud Services | Application Hosting and Computing Services | IaaS | n/a | 2021 | 2021 |
In 2021, Albaraka Turk implemented Microsoft Azure Cloud Services to host and operate its public website. This deployment of Microsoft Azure Cloud Services is categorized under Application Hosting and Computing Services and centers on web-facing application hosting for the bank's corporate domain.
The implementation leverages platform compute and managed hosting capabilities to run web application tiers, object storage for media and document assets, and managed networking for traffic routing and load distribution. Typical Application Hosting and Computing Services capabilities referenced by the deployment include autoscaling, application runtime hosting, and content distribution to support the bank's web front end. Microsoft Azure Cloud Services is named on the public site as the underlying cloud provider for these components.
Operational coverage is focused on the public website and associated web channels, with the cloud footprint supporting secure HTTPS delivery and certificate management for the bank's domain. Integration scope as indicated by the site centers on the web front end and back-end application layers rather than broad enterprise system consolidation.
Operational governance for the hosted web estate is expected to follow cloud hosting practices, including platform monitoring, role based access control, incident response workflows and certificate lifecycle management. These governance practices align with standard operational controls for Application Hosting and Computing Services supporting a financial services web presence.
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Content Delivery Network | IaaS |
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2016 | 2016 |
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Digital Workspace | IaaS |
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2015 | 2015 |
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IT Decision Makers and Key Stakeholders at Albaraka Turk
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Apps Being Evaluated by Albaraka Turk Executives
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