ted in a way that does not allow the process to be initiated, approved, and completed by the information technology or customer representative alone. It is ensured that the process is initiated by the person, continued with the controls applied by the information technologies, and completed with the approval and additional controls to be made by the customer representative. If the transaction is found to be risky during the controls made by the customer representative, the transaction is sent to a second approval or terminated.
Additional comments regarding the legal situation for identification services or what FinTech’s must be aware of in this business area
As a result of considering as a critical process, it should be preferred that the products and services are produced in Turkey or that the manufacturers' R&D centres are located in Turkey. In addition, such providers and manufacturers must have response teams in Turkey. The Authority is authorised to set additional requirements for security products and other IT elements to be used by banks.
Economic conditions
Market size for identification services and biggest companies in this business area
No data is available.
Additional comments regarding the economic situation for identification services or what FinTech’s must be aware of in this business area
Remote identification services have been recently introduced into the Turkish law. Therefore, the field is very open to growth.