EN 
TR 
The Turkish banking sector is undergoing a major transformation, with the rise of digital banking. In recent years, the Banking Regulation and Supervision Agency (BDDK) of Turkey has granted six digital banking licenses, with the latest being granted to Colendi on August 2, 2023. This is the sixth digital banking license that the BDDK has granted since 2021. The other five digital banks are:
· Enpara Bank
· Fibabanka Dijital
· Odeabank Dijital
· Alternatif Bank Dijital
· Hedef Yatırım Bankası
This trend towards tech-driven banking is being driven by a number of factors, including the increasing use of smartphones and other mobile devices, the growing demand for convenient and user-friendly banking services, the need for new and innovative financial products and services, and the government's support for the development of digital banking.
Digital banks are using technology to offer a more convenient and user-friendly banking experience to customers. They are also using technology to provide new and innovative financial products and services. For example, Enpara Bank, one of the first digital banks in Turkey, offers a mobile-only banking experience with no physical branches. Fibabanka Dijital offers a variety of features that make it easy for customers to manage their finances, such as real-time account information, online bill pays, and mobile check deposit.
The growth of digital banking is expected to continue in the coming years. This will create new opportunities for both traditional banks and new digital banks. It will also benefit consumers by giving them more choices and better financial services.
Here are some of the benefits of digital banking for consumers:
· Convenience: Digital banks can be accessed from anywhere with an internet connection. This makes it easy to bank on the go.
· User-friendliness: Digital banks are designed to be easy to use. This makes them a good option for people who are not familiar with traditional banking.
· Innovation: Digital banks are constantly innovating to offer new and better financial products and services. This gives consumers more choices and better value for their money.
· Security: Digital banks use the latest security technology to protect customer data. This makes them a safe and secure option for banking.
Overall, the growth of digital banking in Turkey is a positive development for consumers. It offers them more choices, better financial services, and greater convenience.
