Infina Software and Hedef Investment Bank have successfully completed the first phase of their Digital Custody Banking (DPM) Project, which has been under development for nearly two years. The initiative aims to digitalize capital markets operations while ensuring seamless integration across financial systems.
Integrated Operational Infrastructure
As part of the first phase, Hedef Portfolio’s mobile application, the custody system, the Core Banking System, and the infrastructures of TEFAS and the Central Securities Depository of Türkiye (MKK) were fully integrated.
The integration enables the end-to-end digitalization of several key processes, including:
- Online customer onboarding
- Mutual fund subscription and redemption transactions
- Custody operations
- Reconciliation processes
- Accounting integrations
Through these integrations, the project is expected to reduce reliance on manual operational processes and improve overall efficiency across financial workflows.
“This Major Milestone Is Only the Beginning”
Commenting on the launch of the first phase, the Infina team said the project’s primary objective was to enable institutions and their mission-critical systems to operate seamlessly within a single digital ecosystem.
“We are delighted to have successfully launched the first phase of the Digital Custody Project, which began as an idea nearly two years ago. Our primary goal throughout this project was to ensure that institutions and their critical systems could operate flawlessly within a unified digital ecosystem. The project we have implemented together with Hedef Investment Bank stands as a concrete example of disciplined project management, strong teamwork, and multiple stakeholders coming together around a shared vision. However, for us, this significant milestone is only the beginning.”
Work Begins on the Second Phase
Following the completion of the system integration, Infina Software has already started work on the second phase of the project.
According to the company’s statement, the next stage will focus on integrating emerging technologies, including artificial intelligence (AI), blockchain, and tokenization, into the Digital Custody Banking platform.
