The development and future of financial technologies in Turkey
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Abstract
This study examines the development, current state, and future potential of the FinTech ecosystem in Turkey. It addresses the impact of digital transformation on the financial sector, the innovative services offered by FinTech startups, and their interaction processes with traditional financial institutions. The effects of technologies such as blockchain, artificial intelligence, big data, open banking, and digital currencies on the sector are analysed; Turkey's regulatory environment, legal regulations, investor support, and growth opportunities for FinTech ventures are also discussed. While the FinTech sector in Turkey has great potential in the areas of banking, insurance, payment systems, investment management, and capital markets, it faces obstacles such as regulatory gaps and legal uncertainties. In this context, the importance of regulatory reforms and increasing financial inclusion is emphasised.
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