Turkey
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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Watch Out for These 7 Homegrown Robo-Advisory Platforms in the Middle East
Robo-advisory platforms in the Middle East are quickly taking off, with a number of local players having recently joined the onrush. Robo-advisory platforms provide users with financial advice and portfolio management solutions through algorithms. These algorithms churn user data and
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Turkish Microlender Colendi Raises US$30M
Colendi, a Turkey-based micro lending and credit scoring fintech company, has picked up US$30 million in a Series A round of funding, according to local news reports. The Series A round was led by Re-Pie Asset Management Company, a Turkish
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Digital Transformation Spending in META to Reach $40 Billion by 2022
The Middle East, Turkey, and Africa (META) region will see annual spending on digital transformation (DX) initiatives cross the $20 billion mark by the end of this year, according to the latest insights from International Data Corporation. The global technology
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10 Fintech Startups in Turkey to Watch Closely
Fintech is growing rapidly in Turkey. Investment in Turkish fintech companies grew 175% from US$4.6 million in 2012 to US$29 million in 2016, and the overall Turkish fintech industry, which counts more than 200 companies, according to the Fintech Ecosystem in
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Turkish Fintech Sector Sees Strong Growth
The Turkish fintech ecosystem has shown strong growth with the support of a solid banking industry, a thriving startup scene, and a growing young population. In particular, Istanbul, the most populous city in Turkey and the country’s economic, cultural and
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