Modern, modular foundation enabling expanded capabilities, seamless integrations, and future-ready operations
Aspekt, a provider of modular core banking solutions, today announced the successful go-live of a new Core Banking System for FINCA Azerbaijan, replacing the institution’s legacy platform and establishing a modern foundation for streamlined operations, stronger control, and scalable growth.
The modernization program was delivered over 12 months and included implementation of Aspekt Product Suite as the core banking platform, together with additional modules and integrations aligned with FINCA Azerbaijan’s operational needs and digital roadmap.
“This go-live is an important milestone for FINCA Azerbaijan and a proud moment for our team,” said Borce Dimovski, Managing Director of Aspekt. “We delivered a modern, modular core banking platform designed to support efficient operations and seamless integration. We value the continued trust FINCA places in Aspekt and are proud to support their mission with long-term technology partnership.”
“This transformation provides FINCA Azerbaijan with a modern operational foundation to improve efficiency, strengthen control, and support scalable growth as our services evolve,” said Zaur Nurmammadov, acting Chief Executive Officer of FINCA Azerbaijan. “This was a true team effort, and we appreciate the strong collaboration and support from Aspekt throughout the project.”
Project Scope: Core Banking Modernization with Expanded Capabilities
The scope of work covered a full legacy system replacement and the rollout of expanded functionality across FINCA Azerbaijan’s core operations. Aspekt Product Suite was implemented to support end-to-end lending and application processing, credit scoring, cash management, and customer relationship management, including collections and legal workflows. The implementation also included collateral management and a strengthened finance foundation through general ledger and accounting capabilities, alongside supporting operational functions such as inventory, HR, payroll, purchasing and invoicing, fund management, and budget tracking.
To further support daily productivity and governance, the solution introduced capabilities for task and messaging workflows, dynamic reporting, and document compliance. The overall setup was designed to remain modular and integration-ready, enabling FINCA Azerbaijan to extend functionality as needed.
Integrations Supporting an Extended Financial Ecosystem
As part of the program, Aspekt worked with FINCA Azerbaijan to implement integrations supporting key services and external platforms including connections to ASAN services, credit bureau and scoring integration, card processing connectivity via MilliKart, SMS services through ATA Technologies, FINCA SCORE, and 3CX.
The solution is deployed on-premise and designed to provide a reliable operating backbone with structured workflows and extensibility through integrations.
About FINCA Azerbaijan
FINCA Azerbaijan is a leader in responsible finance, serving small businesses across the country with loan products that promote profitable business activity. Operating officially in Azerbaijan since 1999, FINCA Azerbaijan is part of FINCA Impact Finance’s global network of 15 banks and microfinance institutions, reaching more than 2.8 million clients on five continents.
About Aspekt
Aspekt delivers modular, on-premise core banking solutions for financial institutions, supporting modernization, operational efficiency, and secure integration with third-party ecosystems. Aspekt works with clients across Asia, Africa, and the Balkans, combining product depth with implementation excellence and long-term partnership.
