Comparative Guides

Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.

Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.

Start by selecting your Topic of interest below. Then choose your Regions and finally refine the exact Subjects you are seeking clarity on to view detailed analysis provided by our carefully selected internationally recognised experts.

4. Results: Answers
Tips and traps
What are your top tips for fintech players seeking to enter your jurisdiction and what potential sticking points would you highlight?

Answer ...

  • The fintech ecosystem is gaining traction fast and the regulations are also evolving swiftly. Players must watch out for developments on the market to ensure that they do not fall behind and can fully capitalise on the benefits of this newly emerging market.
  • Maintaining a dialogue with stakeholders in the sector (eg, state agencies, existing players such as banks and industry associations) is crucial when establishing a business in Turkey. Players seeking to expand into Turkey should identify key stakeholders with whom they may establish beneficial business relations in the future.
  • Compliance with the financial regulations is a must. Financial services are regarded as a matter of national security by government authorities and the legal rules are strictly enforced. It is critical to assess where a potential business model fits under the law and which rules therefore apply.

For more information about this answer please contact: Tuğrul Sevim from BTS & Partners