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NurolBank has started offering its customers a new corporate credit card solution developed in collaboration with Mastercard and Masraff.
As part of this collaboration, NurolBank becomes the first financial institution to use the solution, bringing its corporate credit card processes together with an artificial intelligence-powered expense management infrastructure.
Thanks to the new solution, NurolBank's corporate customers can manage their corporate credit card spend, expense documents and approval processes on a single platform, gaining higher visibility, efficiency and insight in their finance operations.
A Collaboration by Mastercard and Masraff That Brings Corporate Payments into Financial Workflows
The collaboration, which began in the Mastercard Lighthouse Türkiye program and extended into Mastercard's global Start Path program, has now evolved into a new solution in which corporate credit cards are integrated into artificial intelligence-powered expense management processes.
Within the scope of the collaboration, Mastercard corporate and commercial cards are integrated into the Masraff infrastructure, enabling companies to manage their card spend, expense documents and approval processes through a single structure.
This allows organizations to feed card spend data directly into their systems and gain higher visibility, while reducing the manual workload in time-consuming operational processes such as document collection, reconciliation, accounting and transfer to ERP.
Corporate Spend Management on a Single Platform with Masraff
Corporate credit cards have played an important role in companies' payment processes for many years. However, collecting expense documents, checking card transactions, auditing policy compliance and running reconciliation processes still require separate systems and manual operations for most organizations.
Commenting on the collaboration, Masraff Co-Founder and CEO Begül Eray Sezgin said:
"By combining Mastercard's payment infrastructure with NurolBank's corporate banking expertise, we can bring our technology to a much wider range of businesses.
As the Masraff team behind Türkiye's first Artificial Intelligence-Based Financial Transaction System, we are proud to open a new chapter in corporate expense management."
By bringing expense, travel, advance, invoice, token spend and corporate credit card processes together under a single structure, Masraff provides finance teams with higher visibility, control and operational efficiency.
NurolBank General Manager Özgür Altuntaş, in his assessment of the topic, emphasized that this collaboration is more than a payment instrument.
"When delivering our banking products and services, we prefer to offer solutions tailored to our customers' needs.
Looking at it from this perspective, we saw that our corporate customers were seeking simplicity and ease in their spend processes.
Since the artificial intelligence-powered expense management platform developed through the collaboration of Mastercard and Masraff* is a solution that meets our customers' expectations, we wanted to be the first bank to use it.*
Our customers using the NurolBank corporate credit card, which we will offer within our partnership with Austriacard Türkiye, will now be able to easily manage expense management on a single platform."
Thanks to the new solution, organizations can:
Monitor corporate credit card spend centrally.
Track spend data and derive meaningful analyses.
Manage card transactions and expense documents on a single platform.
Reduce manual workload in reconciliation processes.
Gain higher visibility in financial operations.
Run policy and approval processes with greater control.
Make accounting and transfer to ERP autonomous.
A New Step in Financial Ecosystems
This new solution that NurolBank offers its customers turns corporate credit cards into an active part of finance operations.
Masraff aims to make finance operations more autonomous, more predictable and more efficient with new artificial intelligence-powered capabilities in the coming period.
The company will continue to contribute to the digital transformation of corporate finance by expanding the collaborations it has developed with Mastercard and NurolBank.
About Masraff
Masraff is an artificial intelligence-based spend management platform that enables companies to manage their spend processes end to end. By unifying expense, travel, advance, corporate credit card, invoice and token spend processes under a single roof, Masraff provides finance teams with control, visibility and operational efficiency.
About NurolBank
Offering flexible and efficient solutions in Corporate Banking, Investment Banking, Treasury and Financial Institutions since 1999, Nurol Investment Bank (NurolBank) creates added value for resources with its European-standard business model.
About Mastercard
Mastercard is a global technology company operating in the payment technologies field worldwide. The company develops secure, fast and smart payment solutions for individuals, financial institutions, businesses and public institutions.