Within the scope of the Law 5746 Regarding the Support of Research and Development Activities, which enables corporations with R&D activities allocate a certain area in their own locations to R&D center activities and to carry out activities in this area, Türkiye Finans received approval for the establishment of an R&D Center on 21 February, 2017. With this approval, Türkiye Finans become the third bank in Turkey to have an R&D center.

Approval for the R&D Center that Türkiye Finans obtained, thanks to its innovative vision and R&D culture, became official when the Bank successfully applied criteria set by the Ministry of Science, Industry and Technology. The certification process, which started in January 2017, was subsequently registered officially. In the Center, the Bank develops innovative products in both the business and technology spaces, employs personnel who hold Masters and PhD degrees, participates in scientific studies within the framework of cooperation with universities, and carries out activities with R&D qualification.

Cooperation activities with universities and FinTechs continue in the Türkiye Finans R&D Center. Cooperation activities have been maintained to both utilize the academic expertise of universities by enhancing collaboration between academia and industry and to create synergy for Turkey by sharing expertise in the sector with university students. In relation to the activities of the R&D Center, articles that were written by Bank personnel were accepted in national and international scientific conferences, and were presented in these conferences on behalf of the Bank.

Projects within the scope of the R&D Center

• TFXTARGET & TFX Mobile: The Sector’s only qualified FX trading instrument
• Financial Analysis Platform: A Financial Analysis Platform, which was purchased abroad and for which annual maintenance fees were paid, was developed as local software.
• Statutory Reporting Platform: A platform that generates all statutory reports in pursuance with legislation was developed.
• Corporate Service Governance: A governance library that provides efficiency in software development processes by increasing common service utilization
• Risk Based Pricing: An application which supports a customized pricing model and algorithms, depending on the financial behaviour and current risk status of each customer
• Campaign Management: A platform which enables the Bank to offer all campaigns through all channels and to manage them together
• Data Archiving: An archiving infrastructure that can be accessed without interruption, and which can archive both structural and non-structural data through the deployment of big-data technologies
• Automatic Work Load Allocation: A platform which carries out automatic work load management of ordered transactions from channels such as the branches, fax, and mail, depending on competencies