Turkey Fintech Study 2024 Published with the Valuable Contributions of Prof. Dr. Belma Öztürkkal
Onay, C., Öztürkkal, B., and Yıldırım, C., Turkey Fintech Study 2024, prepared in collaboration with KPMG Turkey and the Financial Innovation and Technology Association (FINTR), sheds light on the future of the fintech ecosystem by examining the current state of the sector, prominent trends, opportunities, and risks in detail.
Scope of the Study
This research provides an in-depth analysis of the fintech sector in Turkey, focusing on the following key areas:
- The current state of the fintech ecosystem: Market structure, service areas, and competitive environment.
- Growing areas and trends: Digital payment systems, blockchain, open banking, AI-powered financial solutions, and regtech.
- Workforce mobility in fintech companies: Talent needs, employee profiles, and employment expectations.
- Financing and investment status: Fintech companies’ capital structure, investment ratios, and barriers to accessing financing.
- Regulatory environment and compliance: Regulatory developments, regulatory challenges, and compliance with the European Union Artificial Intelligence Act (EU AI Act).
Citation: Onay, C., Öztürkkal, B., and Yıldırım, C. (2024), Turkey Fintech Study, published by KPMG Turkey and FINTR.