Anglo-Turkish fintech firm Colendi has received the green light from Turkey’s Banking Regulation and Supervision Agency (BRSA) to introduce the country’s first digital deposit bank, acording to Finteh Times.
This approval positions ColendiBank for launch, thus marking a significant step towards elevating Istanbul’s status as a global hub for digital banking.
ColendiBank will leverage its proprietary technology in conjunction with Turkey‘s banking infrastructure and regulatory framework to deliver a wide range of services, aiming to cater to the financial needs of a projected 50 million users in the region, up from its current 18 million user base.
„Our next step is to expand into new markets. Turkey’s regulative environment is almost identical to the EU and MENA.” said Ian Hannam, the British chairman of Colendi.
Colendi’s valuation has also surged from $120million to $750million during an ongoing Series B investment round, showcasing its upward trajectory.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
