Insights: News and developments

Follow our insights page to be informed about the firm's updates, latest news from the Turkish jurisdiction, new laws and amendments on the laws, updates from regulators in Turkey and others around the world.

Extention on deadline for SCA

 May 3, 2020

The deadline for the implementation of strong customer authentication (SCA) for e-commerce in the UK has been extended with an additional 6 months amid coronavirus crises as Financial Conduct Authority has announced today. SCA is a requirement of PSD2 on payment service providers which ensures that electronic payments are performed with multi-factor authentication to increase the security of electronic payments. 

Act now, together and at scale 

May 2, 2020

A clear message arising from World Fintech Report 2020 of Efma and Capgemini for the banks who haven't embraced effective collaboration with Fintechs yet. 'Act now, act together, act at scale...' "FinTechs have moved from disruption to maturity to become serious, globally expanding players that are acquiring millions of customers and heading towards profitability. It’s time to consider them as tangible competitors or enabling partners."