In the financial industry, where continuous transformation and rapid development are ever-present, products and organizations that compete at the highest level with traditional services and offer solutions using new financial technology methods are defined as Fintech. In other words, Fintech refers to products and companies that bring new technologies and sector-specific developments to users, aiming to maximize the benefits of financial services.
With the increasing demand from users for digital methods that simplify their lives, significant developments and new opportunities are emerging within the industry. The growing demand for contactless payments and digital service models has led to the emergence of financial services such as money transfers, smartphone check deposits, collecting money, or managing individual investments without assistance, all of which are offered by Fintechs to ease financial lives.
Moreover, developments in the Fintech field are not limited solely to Fintech solutions; they also extend to crucial technologies such as cybersecurity, fraud prevention, digital identity management, and artificial intelligence.
In this regard, as KPMG Türkiye, we provide support at every step of Fintech development and the areas where organizations will drive transformation in the future, leveraging our extensive industry knowledge and consulting experience in regulatory compliance.
