The first day of Istanbul Fintech Week (IFW'24), which was organized for the fifth time this year by KOOP Ventures with the support of the Financial Innovation and Technology Association (FINTR) and continues today, hosted interesting sessions. In the afternoon program of IFW'2, themed "Convergence: Web3 and Web24 Worlds Coming Together", which was followed with great interest throughout the day, Deputy Governor of the Central Bank of the Republic of Turkey, Prof. Dr. Hatice Karahan and Historian Writer Prof. Dr. İlber Ortaylı's sessions came to the fore.
Central Bank Deputy Governor Prof. stated that developments in financial technologies have a very important place on the agenda of all central banks, including their own. Dr. In his speech, which he attended via online connection from Washington, Karahan gave information about the work they have done on the subject as the Central Bank. Stating that central banks are at the forefront of digitalization as institutions that oversee financial stability, Karahan said, “Every technological development that affects the monetary architecture brings new benefits and risks. At this point, as central banks, we are responsible for ensuring the stability and security of money and payments. "It is very important to examine the evolving role of central banks from this perspective," he said, adding that in the field of financial technologies, central banks should focus on two main points: 'encouraging and adopting innovation' and 'reducing risks to ensure financial stability'.
Titled “The Origins of Finance and the Rise of Civilization” sohbet He answered the questions of KOOP Ventures Founding Partner Mustafa Baltacı in the program. Evaluating digital currencies and the necessary regulations on this subject, as well as the 'decentralization' approach needed, from his own perspective, Prof. Dr. Ortaylı noted that he does not find it appropriate to use technology in today's world to 'create convenience' rather than to increase humanity's knowledge. Reminding that the Mongols provided the security of their trade caravans in exchange for 'money', Ortaylı said, "When we look at the history of economics, we see that the most important developments were not provided by 'computers'."
The second day of Istanbul Fintech Week continues with a more intense session program. Today, sessions are being held at the event under the Digital Finance Summit, Women in Fintech Summit and Fintech for Business Summit summits.
