Baku, AZ1014,
Azerbaijan
Central Bank of the Republic of Azerbaijan Technographics
Central Bank of the Republic of Azerbaijan Technographics, Software Purchases, AI and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by Central Bank of the Republic of Azerbaijan and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 22731 Central Bank of the Republic of Azerbaijan employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Central Bank of the Republic of Azerbaijan has purchased the following applications: Temenos T24 for Core Banking in 2010, ION Wallstreet Suite for Treasury Management in 2014 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Central Bank of the Republic of Azerbaijan is running and its propensity to invest more and deepen its relationship with Temenos , ION Investment Group 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 Central Bank of the Republic of Azerbaijan revenues, which have grown to $9.93 billion 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 Central Bank of the Republic of Azerbaijan 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.
Central Bank of the Republic of Azerbaijan Tech Stack and Enterprise Applications
Central Bank of the Republic of Azerbaijan ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Temenos | Legacy | Temenos T24 | Core Banking | ERP Services and Operations | n/a | 2010 | 2010 |
In 2010 the Central Bank of the Republic of Azerbaijan implemented Temenos T24 as its Core Banking solution. Temenos T24 was positioned as the bank's primary Core Banking application to consolidate account and transaction processing across central banking operations.
The implementation focused on standard Core Banking functional capabilities, including core ledger and account management, deposits and loan servicing, payments and transaction processing, customer information management, reconciliation, and regulatory reporting modules. Temenos T24 was configured to support real time posting, interest calculation and fee processing, and the product catalog and account lifecycle workflows consistent with Core Banking platform practices.
Operational coverage emphasized the bank's core banking and finance functions, aligning Temenos T24 workflows with treasury, settlement and accounting processes typical of a central banking environment. Governance established centralized transaction controls and operational ownership within central banking departments to manage ledger integrity, compliance and day to day operational workflows.
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Central Bank of the Republic of Azerbaijan TRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| ION Investment Group | Legacy | ION Wallstreet Suite | Treasury Management | TRM | n/a | 2014 | 2015 |
In 2014 Central Bank of the Republic of Azerbaijan implemented ION Wallstreet Suite as a central element of its Treasury Management program. The ION Wallstreet Suite v.7.3.8 deployment focused on reserve and asset management and introduced automated front, middle and back office procedures to stabilize treasury operations.
The implementation configured cash management functionality to automate inflows and outflows of currency and instrument lifecycle tracking, and it incorporated securities and portfolio accounting and settlement orchestration consistent with a Treasury Management application profile. The Cash Management System component provided real-time tracking of currency movements and storage throughout the currency lifecycle, supporting full data integrity and completeness.
Operational coverage extended across the central bank treasury, enterprise risk management and IT security domains, and it linked CBAR with 67 national Depository Institutions to operationalize inter-institutional currency flows. ION Wallstreet Suite served as the system of record for reserve transactions and asset accounting while interfacing with cash management processes and settlement workflows.
Governance and process restructuring accompanied the technical rollout, led by the Head of Information Technologies Development division. A new governance model established PMO, Architect and Compliance functions, seven COBIT-based management processes were re-engineered and five automation tools were introduced to raise IT governance maturity to 3.1, and an ISO 27001 based information security management system was planned and formalized to cover information asset management, logical and physical access management and business continuity.
The program delivered automation of currency inflows and outflows between CBAR and national depositories and ensured operational effectiveness of reserve and asset management through the deployed ION Wallstreet Suite. These capabilities centralized treasury workflows, increased transactional integrity and integrated treasury operations with the bankwide risk and compliance frameworks.
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IT Decision Makers and Key Stakeholders at Central Bank of the Republic of Azerbaijan
| First Name | Last Name | Title | Function | Department | Phone | |
|---|---|---|---|---|---|---|
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Director of Information Technology | Director | IT | |
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Head of Information Systems Division, | Director | IT | |
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Chief System Administrator | Manager | IT | |
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Apps Being Evaluated by Central Bank of the Republic of Azerbaijan Executives
| Date | Company | Status | Vendor | Product | Category | Market |
|---|---|---|---|---|---|---|
| No data found | ||||||