Recently we have observed a significant increase in fin-tech activity in Turkey. Demand for such technologies as mobile payment systems, online lending platforms, mobile banking applications and social network data analytics has created a surge in the number of fin-tech startups, and existing companies focused on such solutions are realizing rapid growth.
Fortunately, the Turkish banking sector is extremely well equipped in terms of IT infrastructure, easing the adoption of these innovative products and services.
GDS Eurasia is involved with several of these emerging companies, lending our expertise in terms of sales, consultancy and joint product development.
One such start-up company is Kredico, who GDS Eurasia provides consultancy for the development of a credit assessment process for both retail customers and SMEs. This includes supporting scorecard development and the deployment of DataView360 and our Decision Engine, providing a robust platform to support future growth.
Kredico is a lead aggregator with a twist: It intends to create a borrower community through membership and screens its members’ credit applications before leading them to lenders. Kredico also intends to use social network data for credit assessment in addition to conventional credit history and demographic data. With this innovative strategy, both borrowers and lenders can better manage their resources and increase efficiency.
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GDS Eurasia plays growing role in Turkey’s emerging fin-tech industry
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