Digital Insurance in Turkiye

I have been following the rapid developments in Digital Banking both in the World and in Turkey.

According to a news I read, the number of companies applying for a Digital Banking license in Turkey in the first months of 2023 reached 35.

What is Digital Banking? What kind of legislation does it have?

In the Regulation on the Operating Principles of Digital Banks and Service Model Banking published in the Official Gazette No. 31704 dated December 29, 2021;

“Digital bank: Credit institution that provides banking services through electronic banking services distribution channels instead of physical branches,”

It is defined as .

Digital Banks provide their services to their users over the internet, without having a physical branch. Okumaya devam et “Digital Insurance in Turkiye”