Iliad Solutions Expands in the Middle East with Enqura Partnership
In the evolving landscape of global financial technology, a significant development has emerged with the strategic partnership between Iliad Solutions, a leading payment testing company based in the UK, and Enqura, a Turkish pioneer in the digital transformation of financial services. This collaboration, announced on February 13th, 2024, marks a pivotal step forward in enhancing digital payment systems and their deployment across the globe, especially in regions such as Turkey, the Middle East, and beyond.
Strategic Partnership Unveiled
At the heart of this partnership is a shared vision to offer Iliad’s comprehensive payment testing capabilities to Enqura’s clientele while extending these services to new customers. This synergistic alliance is poised to streamline the end-to-end testing process, thereby mitigating risks associated with introducing new payment technologies. Both companies are set on reducing costs and accelerating the speed at which these innovative systems are launched, which promises to redefine the financial services landscape.
Enhancing Payment Testing Capabilities
Iliad Solutions is renowned for its state-of-the-art products and services, which have been instrumental in minimising deployment risks for leading financial institutions worldwide. Their flagship platform, t3, epitomises sophistication in payment testing and certification. By orchestrating complex transactions with remarkable efficiency and providing real-time data through intuitive dashboards, t3 enables tests to run at an impressive rate of up to 15,000 transactions per second. This level of automation and configurability ensures that digital payment solutions reach the market more swiftly and effectively.
Leadership Perspectives on the Collaboration
Anthony Walton, CEO of Iliad Solutions, expressed enthusiasm about the partnership, highlighting its potential to expand their reach and offer end-to-end payment testing capabilities to a broader spectrum of financial institutions. Anthony’s counterpart, Metin Karabiber, Founder and CEO of Enqura, echoed this sentiment, emphasising the opportunity to bolster their customers’ payment systems with robust testing capabilities, ensuring quality, security, and compliance.
Introducing EnQualify: A Leap in Digital Onboarding
An intriguing aspect of this partnership is the introduction of Enqura’s EnQualify, an innovative product for remote ID verification and digital onboarding. Powered by AI and Mobile Edge technologies, EnQualify promises a seamless and secure digital identity verification experience. This collaboration aims to enhance the payment testing process and showcase cutting-edge solutions that meet the evolving needs of the fintech market.
Impact and Future Directions
As the partnership between Iliad Solutions and Enqura takes shape, it is set to create a ripple effect across the fintech industry, driving innovation, ensuring security, and fostering compliance. This alliance reflects a shared commitment to excellence and a forward-thinking approach that will likely catalyse further advancements in the digital transformation of financial services. In a world where the pace of change is relentless, collaborations such as this are crucial for staying ahead of the curve, offering customers products and comprehensive, efficient solutions that address the multifaceted challenges of the modern financial ecosystem.
