Future-ready POS solutions for regulatory confidence today and tomorrow
Keeping pace with financial regulations can be an ongoing challenge in today's fast-changing payments ecosystem. Tribe helped Azerbaijan fintech, Az Smart, to meet changes in finance legislation swiftly and effectively, while keeping full control over their ongoing payments journey.
The Challenge
Any POS solution needed to work with the multiple new regulations and be swiftly adaptable to developing legislation. Integration with existing legacy systems was essential, including changing previous cash-register models to online-compatible devices. Plus, all data would need to be held in Azerbaijan.
Az Smart recognised that building their own POS solution from scratch could be both unpredictable and time-consuming. They decided to look for an experienced partner who could deliver a POS system for Android devices at speed and provide ongoing updates to ensure they were always future-ready.
Tribe's Solution
Tribe’s knowledge and expertise allowed the fintech to take full control of their new POS solution from the outset.
Despite frequent ongoing regulatory changes, Az Smart has been able to offer and maintain first-class POS services to its customers, thereby building deeper relationships and shoring up its position for the future.
Up-to-the-minute compliance expertise – Tribe had the necessary certifications and expertise to satisfy the national regulators.
Proven technology – POS technology is neither widespread nor standardised in Azerbaijan, but thanks to integration with Tribe’s flexible, modular, cloud-based platform, Az Smart’s cash register solution is able to send payments data to both banks and state tax services in real time.
Flexible and scalable – there is no limit to the number of customers that Az Smart can onboard using Tribe’s technology, which can also be adapted to meet each customer’s requirements, allowing the client to service future growth with confidence.
A powerful partnership – Az Smart and Tribe quickly developed a strong relationship which has enabled the two parties to navigate the tricky and fast-changing world of tax and banking regulations, combining new technology with legacy-based systems to ensure a frictionless customer experience.
Find more about the solution related to this case study:
Az Smart, a young Azerbaijani fintech that supports trade sectors with complex solutions for control cash registers and software, was looking to add a POS solution to their offering. As well as ensuring transparency and reliability for their customers, full compliance with Azerbaijan’s fast-evolving data and tax regulations was vital.
"Tribe’s POS solution has been essential in the running of AZ Smart, helping both us and our customers grow. I must especially pay tribute to the way that Tribe has continually met new requisites, both through the implementation process and ever since, from both legislative bodies and the banks we work with. The constant updates required could have really cause a prolonged implantation period, but Tribe and its team proved to be very adaptable and positive in helping us meet the new requirements.
We have been especially impressed with Tribe’s flexibility in going above and beyond the call of duty in having to work outside hours, and we would not hesitate in recommending them to other business – and we at Az Smart similarly look forward to further strengthening our partnership with them."
Teymur Mammadov, CEO at AZ Smart
LinkedIn: Tribe Payments
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