TOSAN Corporation was founded in 1998, specializing in the provision of end-to-end banking solutions for both conventional and Islamic financial institutions. TOSAN is the first and largest market-leading provider of banking software solutions to retail, corporate, private, microfinance banks in Iran. Operating for more than 20 years, we offer a diverse range of solutions encompassing all major components of the banking process. We are also noted as a leading player in Islamic Banking applications, Payment Solutions incentivized by our direct involvements in the thriving Islamic Banking sector in the middle-east. The products include Islamic Core Banking Systems, Cards and Payment Solutions along with Islamic Credit Card system, Virtual Banking and Business Intelligence Systems. TOSAN particularly focused on providing total banking solutions and services from medium to large-scale banks. The company goal is to produce banking and payment software solutions to cover the needs of Islamic financial institutions banking sector.
TOSAN has served to over 50 financial institutions worldwide where 2 is in Asia and Pacific and 2 Banks in Africa, 1 in South America and 42 in Middle East. TOSAN products has been deployed in the medium size banks to large-scale credit institutes performing in over 5,000 branches and over 22,000 of tellers and over 50 million accounts along with over 25 million customers. Our latest in-house suite of products – marketed under the “BANCO” core banking brand name – is a result of many years of research and development.
“BANCO” core banking addresses all major retail, private and corporate banking needs of financial institutions; with its Islamic heart beating to ensuring Sharia’s compliance is readily achieved. TOSAN, which currently comprises of 27 companies, is active in diverse range of banking systems such as software, hardware, banking solutions, payment services etc. We have a capable team with extensive banking and finance knowledge, ICT development skills and specialists as well as a management team with many years of experience in financial institutions in Iran and globally.
According to analysis, our proprietary banking products has been the best-selling solution for the last two decades in Islamic Banking Financial Market. We are honoured to have proven quality software products and services as well as being awarded as the best software development and technology provider. Our regional company Innovation and Development known as IDCORP has been awarded the Multimedia Super Corridor (MSC) status by the Ministry of Science, Technology and Innovation. MSC Malaysia-status is the recognition by the Malaysian Government through MDeC for companies that participate and undertake its ICT activities in the MSC Malaysia.
According to analysis, our proprietary banking products has been the best-selling solution for the last two decades in Islamic Banking Financial Market. We are honoured having proven quality software products and services as well as being awarded as the best software development and technology provider. The company has been awarded several times as the best software development and technology provider in Iran. We are also renown of accomplishing a Big-Bang market hit migration in a 100 plus branches private bank in 2010. As well, We are an ISO20000 and ISO9001-TICKIT certified organization for the quality of software development and its applications. We have implemented ITIL concept and best practices into its operations.
These achievements would allow TOSAN to play a more prominent role in further improving our world class banking and payment solutions. We have also established an extensive partnership with The International Sharia Research Academy (ISRA) to comply our Islamic banking products and solutions. Grace to our Islamic heart in our products, we have achieved the Sharia compliance certificate and acknowledgment.
Backed by our corporate vision to stay at the forefront of our industry, we continue to invest in human capital and research and development so that we can consistently offer relevant, high-quality banking solutions to power the conventional and Islamic banking sector into the New Economy Era. We have a capable team with extensive banking and finance knowledge, ICT development skills and specialists empowered by a management team with many years of experience along with market leading technological partners, globally.
Founded 1998 Tehran
Entity Type PRIVATE Company
Employees +800 in 2020
Subsidiaries 27 Companies
+50 Products in Banking Industry
Present in +5 countries
Customers +50 Banks, Financial Institutions and Govermental Entities
Stakeholders +27 Million Iranian using TOSAN Products