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ARTICLE · 01 MARCH 2024

Trends And Developments In Digital Banking

Aktay Law Firm
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The banking industry in Turkey has been undergoing a transformation for a number of years due to the rise of digital banking.

TurkeyFinance and Banking
Faruk Aktay
Faruk Aktay
Ufuk Anil Uyalhas
Ufuk Anil Uyalhas
Ayşe Müge Aktay
Ayşe Müge Aktay
Metin Saki Uzun
Metin Saki Uzun
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Digital Banking

The banking industry in Turkey has been undergoing a transformation for a number of years due to the rise of digital banking. This article explores what has driven this shift, the framework established by the Banking Regulation and Supervision Agency (BRSA) and how digital banking has impacted the banking landscape in Turkey.

Digital banking has revolutionised the sector by changing how individuals and businesses manage their money. It applies to the provision of banking services through channels like apps, websites and digital payment solutions. In Turkey, digital banking has gained popularity due to its convenience, accessibility and ability to provide experiences for customers. The emergence of online banks allows customers to conduct most of their transactions electronically without needing local branches. This transition to digital banking brings advantages such as convenience, accessibility and cost effectiveness.

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