Ziraat Bank announced that Ziraat Dinamik, the new bank of Ziraat Finance Group, has obtained permission to operate. According to a statement from the bank, Ziraat Dinamik, the new bank of Ziraat Finance Group, which received its establishment permit last year, also obtained operational permission from BDDK on October 31, 2024. Commenting on the announcement, Cüneyt Sağlık, the General Manager Deputy of Ziraat Bank for Digital Banking and Payment Systems, and also the Chairman of the Board of Directors of Ziraat Dinamik Bank, highlighted how digital banking has undergone a significant transformation in recent years due to the rapid development of technology and changing user needs. He emphasized that banking transactions have now become faster, safer, and more accessible through mobile applications and innovative financial services. Sağlık noted that with the momentum gained by digitalization, especially during the Covid-19 pandemic, they have observed increased opportunities for competition and collaboration with FinTech companies, surpassing traditional banking practices. Highlighting Ziraat Bank’s position as the bank with the highest number of digital banking customers in Turkey, approximately 23 million active users, Sağlık mentioned that Ziraat Dinamik Bank was established to further enlarge the customer base of Ziraat Finance Group, reach every customer in the country, provide a new customer experience and a fresh perspective without physical branches, and invest in a new service model for the future. Sağlık also stated: “We expect the digital banking ecosystem to grow even more.” Sağlık mentioned that by combining the power, expertise, and trustworthiness of Ziraat from the past, they aim to lead the future of digital banking with Ziraat Dinamik as Turkey’s first digital bank established under a traditional bank. He expressed the goal of Ziraat Dinamik to swiftly introduce new products and services to customers due to its agile and flexible organizational structure, turn the cost advantage it has from its branchless service model into a competitive advantage, and enhance Ziraat Finance Group’s digital leadership through the products and services that Ziraat Dinamik will offer with a broad range of services tailored to the scale of a digital bank. Sağlık indicated their intention to position Ziraat Dinamik among the pioneering banks in all these fields by integrating innovations such as data analytics, artificial intelligence, blockchain technology, and digital assets to further expand the digital banking ecosystem in the future.