Turkey launches fintech task force
Turkey wants to take it to the top with the launch of its FinTech Task Force to make the country a “global hub” for the industry and improve its ecosystem.
Consisting of executives from The Central Bank of the Republic of Turkey, Banking Regulation and Supervision Agency, Undersecretariat of Treasury, Capital Markets Board, and the Savings Deposit Insurance Fund, the task force, “depending on the agenda”, is expected to set a national vision and goals, determine a strategy and a road-map for the industry with the other public authorities’ participation.
Its full name is the Financial Technologies Permanent Sub-Committee and it aims to achieve a “faster and overarching actualisation of a suitable climate, required regulations and support infrastructures”.
Burhan Eliaçık, founding chairman of the Payment and Electronic Money Institutions Association (ÖDED), says the new task force is a “solid step toward Turkish fintech ecosystem’s success”.
ÖDED explains that it will work the task force on behalf of the industry for “public coordination, corporate awareness and current regulatory requirements that are vital to us”.
Back in January, H Bader Arslan, secretary general, Turkish Exporters Assembly, discussed how the country is perfectly placed to be the “next cashless society“.