30 Mar 2022
The Era of Neobanks: the Regulation on the Operating Principles of Digital Banks and Service Model Banking The concept of digital banking and its history Neobanking, digital banking or branchless banking as a concept in the European Union entered […]
30 Mar 2022
1. Fintech Market 1.1 Evolution of the Fintech Market The Turkish fintech market has a significant number of participants of various sizes. Competitiveness notwithstanding, market players tend to co-operate with one another in keeping the marketplace fair. Consumers demand […]
16 Mar 2022
Cybercrime under Turkish Law Introduction Cybercrime is a rising trend around the world, and is one of the fastest growing transnational offences in Interpol member countries. As a consequence, damages arising from cybercrime are also rising. For 2021, the […]
16 Mar 2022
1. Cloud Computing 1.1 Laws and Regulations Although there are no specific laws for regulating cloud computing in Turkey, certain rules prescribed in several laws and secondary legislation concerning cloud computing apply in most cases. These rules are mainly […]
1 Feb 2022
The Personal Data Protection Board (“Board”) made a public announcement regarding the processing of personal data by sending a verification code to the data subjects via SMS during in-store shopping (“Announcement”) and published a summary of decision dated 3 […]
1 Feb 2022
The Communiqué Amending the Communiqué on Compliance with Interest-Free Banking Principles and Standards (“Amendment Communiqué”) together with the Communiqué on Procedures and Principles regarding Informing Customers and the Public within the Scope of Interest-Free Banking Principles and Standards (“Communiqué”) […]
24 Dec 2021
In accordance with the Presidential Circular on Information and Communication Security Measures published on 6 July 2019, public institutions and businesses providing critical infrastructure services are obliged to implement certain security measures in order to reduce and neutralize the […]
24 Dec 2021
The Personal Data Protection Board issued its decision dated 20 January 2020 and numbered 2020/50 regarding the personal data breach notification of an apparel firm, on its official website. The Board found it acceptable that the data controller residing […]
9 Dec 2021
The following law(s) specifically govern personal data / information: Personal Data Protection Law No. 6698 (“ Law ”) is the main law governing personal data. Other than that, Electronic Communication Law No. 5809, The Law on Regulation of Electronic Commerce No. […]
7 Dec 2021
1. Introduction The Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers (“Regulation”) and the Communiqué on Information Systems of Payment and Electronic Money Institutions and Data Sharing Services in the Field of Payment Services Providers […]
