Fintech (Financial Technology) organizations, which focus on integrating technology with the financial system, operate in various areas such as payment systems, remittance systems, e-money, receivables management, and insurance. Especially in our country, the fintech sector has developed significantly and touches on numerous legal developments over the past decade. Establishing a legal framework that aligns with innovative technologies will ensure financial services remain secure and stable for both users and companies.

Given the innovations introduced by fintech organizations in the provision of financial services, there is a need for legal consultancy to assess their position in relation to legal regulations and to ensure compliance with specific regulations. In this context, Aksan Law Firm provides the following services:

• Managing the application processes of electronic money and payment institutions, which can only be established and commence operations under the supervision of the Central Bank of the Republic of Turkey,
• Preparing data and information security policies,
• Drafting documentation for AML (Anti-Money Laundering) and KYC (Know Your Customer) processes and providing legal consultancy on suspicious transactions,
• Conducting compliance projects to ensure adherence to specialized regulations, such as those of the Financial Crimes Investigation Board (MASAK),
• Preparing high-priority contracts/documents for fintech organizations, including customer agreements, agency agreements, and framework agreements.