Commercial bank Qatar National Bank (QNB Group) has unveiled a new initiative to champion the emerging FinTech scene in Istanbul and in Turkey as a whole.
QNB Group has launched its QNBeyond innovation centre in the Turkish city to future proof the bank through digitalisation and automation.
It is also set up as an incubator and accelerator for innovative FinTech startups.
QNB Group picked Turkey as it identified as the most promising region inside of the bank’s network.
It is no wonder that QNB Group is looking to boost innovation in automation.
Banks, insurance companies and capital firms are some of the businesses that could save up to $140bn by 2025 through automation and artificial intelligence, according to new research from Accenture, the professional services firm.
HSBC, TSB Bank, Deutsche Bank and Commerzbank are some of the financial institutions in Europe to have are currently going through transformations like that.
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