Development of Fintech Sector in Turkey

Today, the financial sector is facing great changes. Innovations in financial technology are leading us to a new era of destruction. In a more competitive environment than ever, identifying tomorrow's winners and losers will be the key to capitalizing on the potential growth of the fintech industry. In recent years, the number of daily financial transactions has steadily increased, and digital payments are increasingly being incorporated into routine operations. Shopping on social media platforms, transferring money through messaging applications and paying in the car using voice control have become a vision, not a future. The pace of innovation is increasing and customers want to make secure financial transactions anywhere, anytime, on any platform. Financial companies are also aware of how fast consumer behavior is changing. This article attempt to evaluate the development of fintech sector in Turkey.

Development of Fintech Sector in Turkey

Today, the financial sector is facing great changes. Innovations in financial technology are leading us to a new era of destruction. In a more competitive environment than ever, identifying tomorrow's winners and losers will be the key to capitalizing on the potential growth of the fintech industry. In recent years, the number of daily financial transactions has steadily increased, and digital payments are increasingly being incorporated into routine operations. Shopping on social media platforms, transferring money through messaging applications and paying in the car using voice control have become a vision, not a future. The pace of innovation is increasing and customers want to make secure financial transactions anywhere, anytime, on any platform. Financial companies are also aware of how fast consumer behavior is changing. This article attempt to evaluate the development of fintech sector in Turkey.
Keywords:

Fintech Yenilik,

___

  • Alper, K., Kara, H. ve Yörükoğlu, M. (2012). Rezerv Opsiyonu Mekanizması, TCMB Ekonomi Notları, Sayı: 28.
  • Basel Committee on Banking Supervision (BCBS), (2018). Sound Practices: Implications of Fintech Developments for Banks and Bank Supervisors, BIS. https://www.bis.org/bcbs/publ/d431.htm
  • Belli, M., (2017). The Turkish Fintech Ecosystem, Progress Report 2016, BKM. http://fintech.istanbul/en/wp-content/uploads/2018/03/FinTech-Progress-Report.pdf
  • Buchak, G., Matvos, G., Piskorski, T., & Seru, A. (2018). Fintech, Regulatory Arbitrage, and the Rise of Shadow Banks. Journal of Financial Economics, 130(3), 453-483.
  • Dorfleitner, G. et al., (2017). Definition of FinTech and Description of the FinTech Industry. FinTech in Germany, Springer International Publishing AG 2017.
  • Eickhoff, M., Muntermann, J., Weinrich, T., (2017). What do FinTechs actually do? A Taxonomy of FinTech Business Models, International Conference on Information SystemsAt: South Korea https://www.researchgate.net/publication/ 320215812_What_do_FinTechs_actually_do_A_Taxonomy_of_FinTech_Business_Models
  • Fintech İstanbul, (2019). https://fintechistanbul.org/
  • Kırlar, C., Canko, S., Yazıcı, S. (2017). Türkiye Fintech Ekosistemi, Deloitte Türkiye. https://www2.deloitte.com/content/dam/Deloitte/tr/Documents/finance/turkiye-fintech-ekosistemi.pdf
  • Leong, K.; Sung, A. (2018). FinTech (Financial Technology): What is It and How to Use Technologies to Create Business Value in Fintech Way?, International Journal of Innovation, Management and Technology. 9 (2): 74–78.
  • Menteş, A., (2019). Bankacılık Sektörüne Bir Tehdit Unsuru Olarak Finansal Teknoloji Şirketleri, Balkan ve Yakın Doğu Sosyal Bilimler Dergisi, 05 (01), 49-53.
  • Öğütücü, H., (2019). Türkiye’de 100 Girişime 59,2 Milyon Dolar Yatırım Yapıldı, https://egirisim.com/2019/02/06/turkiyede-2018-yilinda-100-girisime-592-milyon-dolar-yatirim-yapildi/
  • Philippon, T. (2016). The Fintech Opportunity (No. w22476). National Bureau of Economic Research.
  • Puschmann, T. (2017). Fintech. Business & Information Systems Engineering, 59(1), 69-76.
  • Sanicola, L. (2017). What is FinTech?. Huffington Post. Retrieved August 20, 2017.
  • Schueffel, P. (2017). Taming the Beast: A Scientific Definition of Fintech, Journal of Innovation Management. 4 (4): 32–54.
  • Softtech Teknoloji Raporu, (2019). https://softtech.com.tr/2019-teknoloji-raporu/
  • SRP Legal, (2019). Fintech in Turkey, https://www.lexology.com/library/detail.aspx?g=d63123cf-b953-43a2-b17b-ab780f12b17c
  • Startups Watch, (2019). Fintech Ecosystem Map v5.0 Turkey, www.startupswatch.com
  • Yeniova, G., (2018). Fintech’lere Bu Yıl 8,7 Milyon Dolar Geldi, Ekonomist Online, https://www.ekonomist.com.tr/teknoloji/fintechlere-bu-yil-87-milyon-dolar-geldi.html
  • Yes Bank, (2019). A Comprehensive Analysis of India’s Fintech Landscape 2017-18. http://www.yesfintech.com/data/cms/ifor-report-2018.pdf
  • Ziraat Teknoloji, (2019). https://www.ziraatteknoloji.com/hakkimizda/hakkimizda.html