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Innovation

Innovation

Changes to Turkey's banking legislation herald a new stage that will see customers increasingly shifting towards digital banking. In anticipation, Garanti BBVA - the bank that spearheaded the development of online banking in the country - has digitized its entire customer onboarding process and allows banking transactions to be carried out easily, quickly and safely.

BBVA plans to invest as much as $150 million in new capital to support Propel, bringing its total commitment to over $400 million, including its previous investment in 2016. The announcement builds on the initial successful relationship established five years ago, which has enabled Propel to partner with leading innovators such as Coinbase, DocuSign, Hippo, Guideline, and Neon.