Turkey
State of Climate Tech VC Report: US$ 651 Million Invested into MENA and Türkiye Startups
CE-Ventures, the corporate venture capital platform of Crescent Enterprises, has partnered with MAGNiTT to unveil ‘The State of Climate Tech Venture Capital Report’. The report delves deep into the dynamic landscape of climate tech investments in the Middle East and
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Turkish Invoice Financing Platform Figopara Picks Provenir’s AI Risk Solution
Provenir announced that Figopara, a Turkish online marketplace for invoice financing, has selected the Provenir AI-Powered Risk Decisioning platform to automate decisioning and accelerate its global expansion. Figopara stands at the intersection of fintech innovation and deep domain expertise in
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Turkey’s Akbank Teams With Personetics To Create Banking IQ
Burcu Küçükünal, the Digital, Design and Innovation SVP at one one of Turkey’s most prominent private banks, Akbank, recently discussed her team’s aim to introduce a mobile app as a dependable financial counselor for their clientele, enhancing customer involvement with
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Dubai Islamic Bank Enters Turkish Digital Banking via Equity Investment in T.O.M. Group
Dubai Islamic Bank (DIB) will become a shareholder in T.O.M. Group of Companies, which was established by Aydın Group shareholders. DIB, one of the largest banking groups in the United Arab Emirates, will become a significant minority shareholder in T.O.M.
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Emirates NBD Group Makes Strategic Equity Investment in Climate Fintech Startup Erguvan
Emirates NBD has made an investment in Erguvan, a climate and financial technology venture aimed at providing financial institutions and corporations with digital infrastructure, enabling them to manage the impacts and risks of climate change. The investment was made via
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First Digital Bank Launched in Turkey
Anglo-Turkish fintech venture Colendi is launching Turkey’s first digital deposit bank after approval from the Banking Regulation and Supervision Agency (BRSA). “We are thrilled to obtain authorisation for the establishment of a digital deposit bank, ushering in a new era
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Turkey Fintech Sector Poised for Growth Amid Conducive Regulatory Environment
2022 was a record-breaking year for the Turkish fintech industry, which recorded increased innovation, rising fintech investments and continued effort from the government to foster the development of the sector. Moving forward, more initiatives will be hitting the market, paving
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Quick Finans Selects Provenir for AI Data and Decisions
Provenir, a data and AI-powered risk decisioning software, announced that Quick Finans, a consumer finance company located in Turkey, has selected Provenir’s AI-Powered Data and Decisioning Platform to quickly approve and onboard new customers. Quick Finans, a wholly owned subsidiary
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Digital Turkish Lira: Turkey Completes First CBDC Pilot Transactions
In the scope of the first-phase studies of the Digital Turkish Lira Project, conducted under the leadership of the Central Bank of the Republic of Türkiye (CBRT), the first payment transactions on the Digital Turkish Lira Network were executed successfully.
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Fintech Continues to Gain Momentum in the Middle East and Turkey
In the Middle East and Turkey, young and tech-savvy consumers are driving demand for fintech products and services. Mastercard researches show that not only usage of fintech solutions is raising in the region, but digital tools are also becoming a
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