Services

Financial Technologies – FINTEC

The FinTech (fintech) ecosystem, built on the integration of financial services with technology, has a dynamic structure operating in payment infrastructures, electronic money services, money transfer systems, receivables management, insurance applications, and many other areas. The rapidly growing fintech sector in Türkiye, which develops in close conjunction with regulations, has been subject to significant legal transformations in recent years. Therefore, establishing a robust regulatory framework that supports innovative technologies necessitates the safe, sustainable, and compliant operation of financial services for both users and institutions.

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Professional legal support is needed to assess the position of new generation financial solutions offered by Fintech institutions vis-à-vis relevant legal regulations, to ensure compliance of activities with special regulations, and to manage complex compliance processes.

As IŞIK KAYA Law Firm, the main services we offer in this field are as follows:

• Carrying out and monitoring the establishment, operating permit and license application processes of electronic money and payment institutions at the Central Bank of the Republic of Turkey,

• Preparation of data protection, information security and operational security policies for Fintech companies,

• Creation of all documentation regarding AML (Anti-Money Laundering) and KYC (Know Your Customer) processes; providing consultancy on suspicious transaction detection and reporting processes,

• Developing and implementing comprehensive compliance projects to ensure compliance with MASAK regulations and other private sector regulations,

• Preparation and negotiation of customer contracts, agency agreements, framework agreements and all other legal documents that are critical to fintech activities.