Istanbul Finance and Technology Base was included in the "2020 Presidential Annual Program" with the Presidential decree numbered 1733, published in the Official Gazette on November 4, 2019, and efforts have been initiated to implement the base.
Istanbul Finance and Technology Base, which will be established in Istanbul under the leadership of the Finance Office of Presidency of the Republic of Turkey, is designed in accordance with the development and needs of Turkey’s finance and technological entrepreneurship sectors related to finance.
Although Istanbul Finance and Technology Base will give priority to local technology companies of various sizes in the first step, it is also designed to enable global technology companies to serve the country and region in the following process.
Due to this base, the positioning of the developing FinTech sector as a center of attraction operating both at the local and global level within the Istanbul Finance Center is important in terms of the vision targeted by the IFC in the increasingly digitalized global economy. Istanbul Finance and Technology Base will be the first in the technopark ecosystem existing in the country to host a specialized, thematic and innovative technopark in the fields of finance and finance-related technology.
In the design and operation of the Istanbul Finance and Technology Base, it is aimed to apply some basic principles such as originality, transparency, participative, scientificity, competitiveness and benefit to human. The main goal is to realize these basic intangible principles as concrete and digital systems at the Istanbul Finance and Technology Base.
Istanbul Finance and Technology Base will be designed as layers that are independent, but also integrated and coordinated with each other. One of the aims of the base is to increase interaction between various private sector verticals that are related with “FinTech” and “technology” both of which support each other due to their nature by bringing the private sector in one place and to integrate the business processes of those sector.
Another aim is to implement developed infrastructures and to ensure the continuity of these infrastructures that will provide the highest benefit to the country with coordination of private and public sectors and in this way to make the continuity of development and improvement possible.
Istanbul Finance and Technology Base will serve for the purpose of increasing economic, academic and organizational activities in the field of FinTech,
- To the people as well as the FinTech and technology companies in the "FinTech Ecosystem" of the country,
- To the corporate risk investment companies, angel investors and other companies and individuals focused on investment
In the Presidential Decree No. 1733, the needs of the private sector ecosystem to be created within the Istanbul Finance and Technology Base, as well as the issues of “Establishment of a FinTech Ecosystem Strategy” and “Regulatory Experiment Area and Industry Experiment Area” assigned to the Finance Office of Presidency of the Republic of Turkey; and these issues will be evaluated regarding the highest interests of the country's citizens and the needs and goals of the public institutions.