Turkey’s Quick Finans taps Provenir for data and risk decisioning platform
Quick Finans selected Provenir’s tech to enhance its customer onboarding process.
Turkey
The latest fintech news, resources and expert analysis in Turkey by the leading intelligence provider for the worldwide fintech community.
Colendi secures $150m credit facility from Fibabanka
The firm aims to provide new loan and investment opportunities for the underbanked.
Two new fintech start-ups in Turkey – Lidsi and Turan
Lidsi is a savings app launching in January 2023, and Turan is an all-encompassing financial application.
ICYMI fintech funding round-up: Kippa, Payall, Trek Health and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Crypto platform Rain rakes in $100m in Series B funding
Rain’s $110m Series B funding round was co-led by Paradigm and Kleiner Perkins.
Colendi raises $30m in Series A and plans UK expansion
Turkish micro-lending platform expands to new markets.
Isbank deploys H2O AI platform for cash forecasting and default prediction
Turkish bank gives automated system the go-ahead after successful pilot.
Commerzbank confirms first commercial transactions on Marco Polo network
Commerzbank, İşbank, LBBW and two corporates have completed transactions ahead of a launch.
Finch Capital acquires Wirecard’s Turkish operations
Investment firm sets up new payments brand in Turkey.
One of Turkey’s largest fintechs Papara gears up for expansion
It launched in 2016 and became cash flow positive in 2017.
UK fintech Minted to launch in July with 2021 digital bank plans
The fintech is sharia-compliant and follows AAOIFI rules on gold.
Turkey’s Halkbank could pay $1bn in fines for court absence
The bank is facing criminal charges for helping Iran evade US economic sanctions.
Turkish banks and FIs sign majority stake in JCR Eurasia
Turkey seems to be establishing a national credit rating agency.
Islamic challenger bank insha launches in Germany
New entrant wants to place the daily life of a Muslim at the centre of its offering.
Spotlight: the Russian e-commerce cross-border market
Finding a niche for a foreign merchant in Russia.
PayU taps Turkey’s digital economy with Iyzico acquisition
The company also hopes to encourage cross-border trade with CEE countries and Africa.
Isbank partners Yandex.Checkout to support trade between Turkey and Russia
Turkish bank will reach more than 150 million extra clients.
UK and Turkey push Islamic finance through fintech
TheCityUK and Borsa Istanbul set out their ambitions.
Case study: Isbank and FCase – fraud orchestration overhaul
Isbank, Turkey’s largest bank, drastically reduced fraud and future-proofed fraud operations with FCase.
Clinc and Isbank unleash AI-powered app in Turkey
“Maxi” is designed for the Turkish bank’s six million customers.
Akbank takes a snap to verify customers with Daon
With very high customer onboarding numbers!
Isbank’s call centres to be powered by Clinc’s AI
US-based Clinc has also opens its first international office in London.
Case study: BBVA – salute the speed
Talk and action – chatbots and artificial intelligence (AI) in practice.
Ziraat Bank launches proprietary mobile wallet
Bankkart Mobil was built by Ziraat Teknoloji, VeriPark and MagiClick Digital.
Turkey: the next cashless society
Turkey is perfectly placed to become the world’s next cashless society – a true digital payment powerhouse.
Workup a fintech sweat with Isbank’s start-up programme
Turkey’s largest private bank, Isbank, has unveiled its entrepreneurship programme for fintech start-ups in the country. Since forming an innovation team within its Digital Banking Unit, the bank says it has become “much closer” to tech entrepreneurs in the republic. The innovation team is working remotely at Kolektif House Levent (a co-working space for Turkish […]
Turkey’s Garanti Bank wins BBVA fintech ideas challenge
Turkey-based Garanti Bank’s new mobile app has won BBVA’s “Open Talent Ideas” fintech competition. BBVA launched the competition in February, and yesterday (5 June) the ten finalists presented their idea to experts from BBVA’s senior management. The winning idea was GarantiStore, a mobile app able to identify products automatically. Through image recognition techniques or by […]
Isbank does good deed with fully digital mortgage service
Turkey’s largest bank, Isbank, has introduced a digital mortgage process where users can follow up credit pre-approval, the actual appraisal and overall credit process 24×7. In the bank’s “instant transaction” area, users’ mortgage applications are pre-approved within a “few seconds” and users can upload title deed images and pay the appraisal fee online to start […]
QNB Finansbank’s tablet the right dose for core banking
QNB Finansbank, QNB Group’s subsidiary in Turkey, has developed TouchFinans, a core banking application for the bank’s SME division to carry on their Windows tablets.
QNB Finansbank first in Turkey to launch digital signatures in branches
Turkey-based QNB Finansbank, a subsidiary of QNB Group and one of the top five privately owned banks in the country, has enabled its customers to use digital signatures for account opening and loans in the bank’s branches.
Mastercard and Getir power payments bot for Facebook Messenger
Mastercard has teamed with Turkish mobile retail firm Getir to use its bot for the “first” Masterpass payments in Facebook Messenger. Customers search for Getir (think “get here”) in Messenger, chat with the bot in a “natural, conversational way”, and make a payment with Masterpass. Getir says users can receive a ten-minute delivery from its […]
Isbank partners with PPRO for cross-border payments
Turkey’s largest bank Isbank is partnering with PPRO Group for cross-border payments in more regions. The deal means the bank can offer e-commerce merchants 13 local alternative payment methods worldwide. Isbank says it can now also extend access to real-time online banking payment methods and e-wallets in more than 25 countries in Europe, Asia and […]
Isbank unveils P2P payments via iMessage
Turkey’s largest bank Isbank and its tech partner Monitise have launched a money transfer service via Apple’s iMessage – a first in the republic. Using Isbank’s new mobile banking app, IsCep, users are now able to request and send money through iMessage. As Banking Technology reported in January, IsCep also allows “for the first time” […]
Isbank launches first P2P money transfer service in Turkey
Turkey’s largest bank Isbank has launched a new P2P money transfer service, called “social account”, available for the “first time” in the republic. The launch quickly follows on from the release of its new app, IsCep, to allow “for the first time” banking and stock exchange transactions through one application with real-time data. With the […]
Isbank launches first mobile stock market app
Turkey’s largest bank Isbank has unveiled its new app, IsCep, to allow “for the first time” banking and stock exchange transactions through one application with real-time data. The bank says IsCep has been integrated into its Mobil Borsa (mobile stock market) and is also available for all foreign customers in Turkey. Isbank deputy chief executive […]
Turkey’s TEB calls for fintech start-ups
TEB (Türk Ekonomi Bankası) in Turkey has launched a fintech programme and wants the nation’s entrepreneurs and start-ups to get in touch. Why? TEB says: “Because the day will arrive when a technology giant will come from Turkey too.” TEB will provide start-ups with its infrastructure, experience, financial support for their first project, and “even […]
Licence rejection sees PayPal quit Turkey
PayPal is suspending business in Turkey from 6 June as it has failed to get a new licence for its services. The US company says the decision will affect “tens of thousands of businesses and hundreds of thousands of consumers”. PayPal did issue two separate statements to TechCrunch. The first was very similar to the […]
Turkey launches new card payment system, TROY
Turkey has introduced its own card payment system, called TROY, and the nation is setting its sights on becoming a cashless society by 2023. Speaking at the launch, Dr Soner Canko, general manager of the Interbank Card Center (BKM) in Turkey, said: “Many countries around the world, from Canada and Italy to South Korea and […]
Turkey listings advance LSE’s derivatives ambitions
The London Stock Exchange says that the launch of Turkish derivatives on its derivatives market represents part of the long-cherished goal of growing its derivatives business around the world. It also represents the exchange’s ‘open access’ policy.
EBRD to support Turkish capital market reform with 10% stake in Borsa Istanbul
The European Bank for Reconstruction and Development is in talks to acquire a 10% stake in Borsa Istanbul to support Turkey’s efforts to reshape its capital markets.
