Account Information Service And Its Exceptions In Türkiye

As digitalization started to take place for banks, companies and individuals, and as the usage areas of the funds in deposit accounts, which can be considered as the first version of virtual money, diversified, technology companies started to witness the first examples of account information service ("AIS") and payment order initiation service ("PIS"), which can be considered as a primitive compared to its current version.

In particular, instead of checking each account in each bank individually in order to carry out the accounting and reconciliation processes of holdings and companies holding accounts with multiple banks, they started to obtain account information by connecting to banks through their own internal resources or through third-party service providers, methods that can be considered as the ancestors of today's Banking as a Service ("BaaS").