Digital banking versus traditional banking in Türkiye: the legal considerations for consumer protection
Article first published by the International Bar Association’s Financial Law Committee The term ‘digital bank’ and its historical development Banks play a critical role in the financial system and can be classified based on various criteria, including ownership structure (public or private), scope of operations (single-purpose or multi-purpose), number of branches (single-branch or multi-branch), geographical […]
Lexist Advises Aydın Group on Sale of 20% Shareholding in TOM Financial Group to Dubai Islamic Bank
Over a period of two years, Lexist advised Aydın Group on the establishment of TOM financial group companies including a digital participation bank, licensed e-money and payment services company and a licensed financing company (“TOM Financial Group Companies”). On December 6, 2023, Dubai Islamic Bank PJSC (“DIB”), the largest participation bank by asset size […]