With the decision published in the Official Gazette on March 31, 2023, TOM Bank became the first digital retail bank of the Turkish banking and finance sector.
With the approval of the Banking Regulation and Supervision Agency and the publication of the approval in the official gazette, TOM Bank became the first licensed digital retail bank in Turkiye.
TOM Bank, which was established with an initial capital of ₺1.5 billion and will serve only in digital channels, was established by the shareholders and senior management of Aydin Group, which includes A101, English Home, Memorial Health Group, Eve companies, which have achieved significant success in Turkiye and abroad and are the sector leaders in their own categories.
The digital bank, which will be a company of the T.O.M Group of Companies, aims to reach a high customer base with its ethical banking vision, 100% digital products and processes, innovative opportunities and advantages it offers.
“We aim to be one of the top 5 digital banks in Europe”
Underlining that digital banking, which means that banking services reach more people and that all services offered by traditional banks can be accessed from anywhere with internet and mobile, will bring many innovations to our country, TOM Bank Founder and General Manager Onur Ozkan said:
“By following the rapidly rising digital banking trend in Europe and America, we wanted to bring together our experience and experiences within the Aydin Group and TOM Group of Companies. With the aim of being the bank of every pocket and every house, we created the most technological version of the bank with TOM Bank. As TOM Bank, we aim to make an impact on digital banking in our country by aiming to facilitate the access of financial services in line with the principle of inclusiveness. We will act with the strength given by the prevalence of A101, which has at least one store in every district of Turkiye, which is affiliated with the group. In line with our vision of being one of the world’s leading and most innovative digital banks, we will continue our efforts to represent Turkiye as one of the top 5 digital banks in Europe as soon as possible.”
TOM Bank aims to provide the opportunity to offer more advantageous offers by using the savings to be made from branch expenses, micro-credits and TL, participation, gold, euro, dollar accounts free of charge.
One of the critical advantages of TOM Bank, where people can quickly become customers through the mobile application, will be the opportunity to offer a free, commission-free, collateral-free “Credit Loan” from A101 stores, which is a first in Turkiye, without going to the branch.
With its technological infrastructure that can create limits and extend credits in a few minutes, customers will be able to meet their cash needs from A101 stores in every district within walking distance of them. In addition, TOM Bank will also be a solution to customers’ ATM search problems. It plans to make instant withdrawals and payments from A101 safes just by scanning the QR code.
Source: Egirisim / Prepared by Irem Yildiz