Do you build exchanges aligned with CMB (SPK) licensing requirements?

Yes, we build exchange and custody infrastructure with the capital-reporting hooks, cold-storage ratios, and audit logging typically expected under the CMB's crypto asset service provider licensing framework.

Can you build open banking APIs without a full core system rewrite?

Yes. We wrap your existing core in a modern API middleware layer, exposing compliant account and payment APIs without touching core transaction logic.

How do you handle AML/KYC compliance during integration?

We build identity verification, sanctions/PEP screening, and transaction monitoring workflows directly into the platform, with audit logging that traces every decision for regulator review.

Can you integrate with our existing card and payment rail providers?

Yes, we connect correspondent banking, card networks, and instant payment schemes into a single orchestration and reconciliation layer.

What does an open banking API project timeline look like?

A typical account information and payment initiation API program, including a developer portal and sandbox, ships in 8-14 weeks depending on the number of endpoints and your existing infrastructure.

Banking & Fintech · Turkey

Banking & Fintech Software Development in Turkey

Banks and fintechs are under pressure to open their platforms via APIs, modernize legacy cores, and meet open-banking and AML obligations without disrupting existing operations or customer trust. In Turkey, that means building to the expectations of Asia-Pacific: Crypto asset service providers, including exchanges, are licensed and supervised by the Capital Markets Board of Turkey (CMB / SPK) under Turkey's crypto asset licensing framework.

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Turkey Regulatory Landscape

What banking & fintech businesses in Turkey need to know

Crypto asset service providers, including exchanges, are licensed and supervised by the Capital Markets Board of Turkey (CMB / SPK) under Turkey's crypto asset licensing framework.
The Central Bank of the Republic of Turkey (CBRT) prohibits the direct use of crypto assets as a means of payment for goods and services, even though trading and custody are legally licensed activities.
Licensed exchanges are expected to meet minimum capital, cold-storage custody, and reporting requirements set by the CMB.
We build to these CMB licensing and CBRT payment-restriction requirements, alongside Turkish regulatory counsel.

This information is provided for general orientation only and is not legal or licensing advice. Always confirm current requirements with qualified local counsel.

The Challenge

What banking & fintech operators struggle with

Core systems that block product velocity

Vendor-locked core banking platforms turn a simple product change into a multi-quarter release cycle, while fintech challengers ship weekly.

Open banking deadlines without a clean path

Regulatory mandates require standards-compliant account and payment APIs on a fixed timeline, with no room for a risky core rewrite.

Manual AML/KYC review queues

Identity verification and sanctions screening still route through manual case queues, slowing onboarding and creating audit exposure.

Fragmented cross-border rails

Correspondent banking, card networks, and instant payment schemes are stitched together ad hoc, causing reconciliation gaps and settlement delays.

Our Approach

How we support banking & fintech in Turkey

Open banking & partner API programs

We design and build account information and payment initiation APIs with OAuth2/OIDC consent flows and self-service developer portals that cut partner onboarding from weeks to days.

Core modernization without a big-bang rewrite

Strangler-fig migration wraps legacy cores in modern middleware, letting you ship new products without a risky, multi-year core replacement.

AML/KYC and transaction monitoring automation

Automated identity verification, sanctions/PEP screening, and ML-driven transaction monitoring replace manual review queues and shrink false positives.

Cross-border payment hub integration

A central orchestration layer connects card networks, correspondent banks, and instant payment rails behind one reconciled ledger.

Audit-ready security & compliance controls

Secure architecture review, immutable audit logging, and regulator-ready reporting are built into the platform ahead of your next licensing or partner audit.

Relevant Services

Engineering practices for this industry

API & Platform

API Integration & Open Banking Engineering

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Cloud & DevOps

Cloud Modernization & DevOps Engineering

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Security & Compliance

Cybersecurity, AML/KYC & Compliance Engineering

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FAQ

Banking & Fintech in Turkey — FAQ

No — the CBRT prohibits using crypto assets directly as a means of payment in Turkey, so we architect Turkish platforms around licensed trading, custody, and conversion-to-fiat flows rather than direct crypto checkout.