Turkey


Ukraine, Turkey and Russia crises pose banking challenge

Political turbulence in the Ukraine, Russia and Turkey this year produced disagreement between senior financial industry executives at a FIX Trading Community conference in London yesterday, with some arguing that politics should not be allowed to detract from the longer-term rise of non-western economies and others arguing the opposite.

Monitise targets Turkish mobile money

Mobile money firm Monitise has acquired Pozitron Yazilim, an Istanbul-based mobile technology specialist, in a £24 million all-shares deal that highlights the growing demand for mobile financial services in the eastern Mediterranean’s largest market.

Türkiye Finans rolls out remote management to 145 branches

Turkish bank Türkiye Finans Katılım Bankası is collaborating with US infrastructure company Opengear to roll out remote management technology for its bank branch network, which it says will help to cut costs and improve efficiency.

Garanti Bank rolls out Turkcell mobile wallet

Turkey’s Garanti Bank and mobile operator Turkcell have partnered with Visa Europe in a deal aimed at bringing the Turkcell mobile wallet to more consumers in Turkey.

Don’t underestimate Turkey says HSBC

Most people have no idea how good Turkish wine is, according to Martin Spurling, chief executive of HSBC Turkey. With over 1.5 million acres of land devoted to vines, it is a little-known fact that the Mediterranean country is the world’s fourth producer of grapes. The same can be said for Turkey’s ambitious plans to develop Istanbul as a major international financial centre.

Turkey: where worlds collide

For centuries, Turkey has stood at the crossroads of Europe and Asia. While the country is leading the way in mobile banking, its infrastructure reflects a culture where minarets mix with mobile masts and ATMs compete for space with ancient monuments.

Borsa Istanbul revitalises Turkish capital markets

Created in April 2013, Turkey’s new Borsa Istanbul exchange is at the heart of an ambitious project to turn Istanbul into a major global trading centre. With the country’s economy ascendant, Turkey has a lot to offer, according to Ali Çöplü, chief information officer of Borsa İstanbul.

Online payments on rise in Turkey

A partnership between German and Turkish payments specialists aims to take advantage of Turkey’s rising levels of online commerce, with the help of three Turkish banks.

Turkland Bank adopts Infosys core banking tools

Turkish bank Turkland has installed new core banking, CRM and treasury systems from Infosys – the first time a Turkish bank has implemented an externally developed core banking system according to the firm.

Turkey tops table at TradeTech

Prospects for Turkey’s capital markets gave delegates cause for optimism as the TradeTech conference and exhibition in London wound to a close on Thursday. “Turkey is moving from an emerging to a developed market,” said Alexis Chryssochoides, head of prop trading and product development at Eurobank Equities. “The country has already been upgraded by several […]

Mobile money to transform Turkish transport and US retail

Turkish operator Turkcell and SIM card and mobile security solutions provider Gemalto have each found themselves at the hearts of two mobile payment projects that promise to transform the transport and retail sectors in Turkey and the USA respectively.

Rising stars dominate World Exchange Congress

Emerging markets Brazil, India and Turkey took the spotlight at yesterday’s World Exchange Congress event in London, as senior executives highlighted rising technological investment, growing competition and successful index performance.

Saxo Bank gobbles up Turkey business

Online investment bank Saxo Bank has opened an office in Istanbul, Turkey, following its acquisition of local broker Değer Menkul Değerler in May last year.

Earthport sees Turkey before Christmas

Cross-border payments service provider Earthport has opened a low value payments service into Turkey, which will allow Earthport’s clients to reach an estimated 42 million bank accounts.