News

New Digital ID Verification Solution Available To Turkish Fintech Apps

The goal is to provide a simpler solution for identity verification and remote customer acquisition to modern fintech apps in Turkey.

Published

5 years ago

April 29, 2021

Joanna Melki

new digital id verification solution available to turkish fintech apps

If there’s anything positive about the coronavirus pandemic and the global wave of lockdowns that followed in response to it, it’s the rapid acceleration of digitalization across all industries. Responding to the fintech companies in Turkey, Insha Ventures and Identify Turkey have created a digital ID verification solution called KimlikBasit.

The goal of KimlikBasit is to provide a simpler solution for identity verification and remote customer acquisition to modern fintech apps, whose digital-only nature clashes with face-to-face verification of customer credentials.

“KimlikBasit is a fintech venture operating in the field of call center-supported remote customer acquisition, providing artificial intelligence-supported biometric data comparison and verification, with solutions designed for businesses, especially financial institutions, to prevent money laundering and identity fraud (AML/KYC),” explains Yakup Sezer, general manager of Insha Ventures.

Users who encounter KimlikBasit in the wild are required to go through only a few simple steps to complete the verification process. First, user information for remote customer acquisition is taken. The user is then redirected to the actual verification process, which consists of document scanning using a mobile device and a brief call with a call center employee. After successful verification, all user information is stored in a secure manner and can be accessed via an administration panel.

Also Read: UAE Is Ready To Test New Face ID Technology In Service Delivery

“We are excited to be a critical part of this digital transformation while witnessing the transformation of the sectors in Turkey through regulations,” said Ali Haydar Ünsal, general manager of Identify Turkey. “In this period when the customer experience has undergone a significant change, we make it easier for companies in critical sectors such as e-commerce, banking, automotive and capital markets to acquire new customers within 10 minutes.”

Fintech apps that would like to implement KimlikBasit can look forward to 24/7 customer support provided by expert teams in multiple languages and a wealth of training material to help with the implementation of this innovative digital ID verification solution.

News

Microsoft Plans $10 Billion-Plus Gulf Expansion Despite Iran Conflict

Security is shaping Microsoft’s approach, from resilience work with governments to what it will say about how the money splits by country.

Published

4 days ago

September 24, 2026

Nour Nasir

Microsoft

Microsoft is planning more than $10 billion of investment across the UAE, Saudi Arabia, Qatar and Kuwait through 2030, Vice Chair and President Brad Smith told Reuters, calling the spending schedule aggressive. The Iranian conflict that began on February 28 has not persuaded the company to scale back.

“We’re sustaining all the investments we planned to make before this conflict started, and we are in fact adding to them,” Smith said. The $10 billion-plus total does not, however, show how large those additions are.

The investment, which Smith described as part of Microsoft’s continued infrastructure expansion, is aimed at cloud and AI infrastructure and at the company’s growing regional operations. Microsoft also intends to put more than $400 million into subsea and terrestrial connectivity across the Middle East by 2030.

The spending fits the region’s own ambitions too. Gulf governments have been investing heavily in AI infrastructure as part of a push to diversify their economies beyond oil and gas and turn themselves into global technology hubs. Major cloud and AI providers have been drawn in part by the land and relatively low-cost energy on offer.

Microsoft is widening its partnerships with regional AI companies, though not on identical terms. In 2024, it invested $1.5 billion in Abu Dhabi-based G42 for a minority stake, and Smith currently sits on G42’s board. Saudi Arabia’s Humain and Qatar’s Qai are working with Microsoft on selected priority areas, but Smith said the company does not plan to make capital investments in either.

Also Read: Egypt’s Mobile Wallets Are Booming, But Cash Still Has Power

The conflict has added another strand to Microsoft’s work in the region. Since it began, Smith said, the company has supported regional partners with digital resilience assessments, and it is now working with Gulf countries through a digital resilience initiative focused on preparedness and the protection of critical data.

So far, the company has given no country-by-country breakdown of the investment, citing security among other factors. So while the headline figure is public, how Microsoft divides the spending among the four countries is not.