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Turkey's experience in factoring sector and digital transformation of financial products was studied

Update date:  23 Nov 2023, 15:44
23 Nov 2023

Members of the delegation led by the Deputy Chairman of the Central Bank of the Republic of Uzbekistan exchanged experience with the Association of Turkish Financial Institutions within the framework of the project "Asset-based financing: introduction of central receivables" aimed at further improving the products of the International Finance Corporation for small business entities in Istanbul.

At the meeting, the members of the delegation acquainted with the activities of the Turkish Financial Services Association, regulatory and supervisory authorities, the history, statistics and regulation of the factoring sector, as well as the digital transformation of factoring and trade, as well as trade and financial products.

In addition, the activities of the Risk Centers for financial sectors and credit bureaus, the Accounts Receivable Center, and the Trade Chain Finance System were studied.

During the talks, representatives of delegate countries of the project, Azerbaijan, Georgia and Tajikistan exchanged views.

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