Baku: ‘To develop digital banking, an insurance infrastructure that supports it must also be established,’ said Bilal Trkmen, CEO of Trkiye’s Des-Tech and Affinity Box, during his speech at the Turkish States InsurTech Summit in Baku, APA-Economics reports.

According to Azeri-Press News Agency, Trkmen noted that the insurance process operates on the same principles in all countries, which makes it possible to create a common technological base and language of understanding among the Turkic states.

Trkmen emphasized that the successful financial ecosystem of the future will rely not only on technology but also on the ability to deeply understand the business and transform it into the right system architecture. He stated, ‘Technology is a necessary condition, but what is decisive is understanding the business and designing it for the future.’