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Member-related developments
Having been awarded its Banking Regulation and Supervision
Agency license, Turkcell Finansman A.Ş., a microloan provider,
joined AFI on 22 February 2016 and moved rapidly into the
sector.
Evkur Finansman A.Ş., a consumer-finance company set up by
Evkur Mağazacılık, a retailing chain that sells everything from
kitchen appliances and telephones to furniture and cars, joined
AFI on 23 August 2016.
At the request of the firms themselves, the Banking Regulation
and Supervision Agency cancelled the operating licenses of
Değer Faktoring A.Ş. (4 February 2016), Erişim Faktoring A.Ş.
(11 February 2016), ACL Faktoring A.Ş. (18 August 2016), Smart
Finansal Kiralama A.Ş. (11 November 2016), and De Lage Landen
Faktoring A.Ş. (5 January 2017).
The name of PSA Finansman A.Ş., a company which was
acquired by QNB Finansbank and which is intended to specialize
in consumer finance, was changed to Hemenal Finansman A.Ş.
Pursuant to a resolution passed at its company general meeting
on 14 October 2016, the name of Kaynak Finansal Kiralama A.Ş.
was changed to Pervin Finansal Kiralama A.Ş.
The AFI Supply-Chain Finance System is being set up within the
Association as an online portal to which factoring companies,
banks, and thousands of suppliers and buyers will have access.
A world-beating project as unique and exceptional as the
Central Invoice Recording System, the AFI Supply-Chain Finance
System is slated to become operational before the end of 2017.
Working with an outside consultancy, AFI announced system
tendering last year with a cutoff date of 12 January 2017.
Firms’ bids are currently being evaluated.
The specifications of the AFI Supply-Chain Finance System
online portal call, among other things, for a user-friendly
interface that allows buyers, suppliers, and financial institutions
to view the progress of transactions in an electronic
environment.
Private Integrator Project
The Private Integrator Project is a project that AFI is working on
in order to help businesses adapt more quickly to the steadily
increasing presence of e‑invoices, e‑registers, and e‑archives in
commercial life. Formalities have been initiated to qualify AFI’s
factoring subsidiary for a “private integrator” license. A firm has
been selected and a contract has been signed for this purpose.
We have reached the last stage of this project, which was
started in 2015. Project-related activities gained considerable
momentum last year and on 23 September 2016 we applied
to the Department of Revenue Administration for licensing
approval. System testing and verification procedures began
immediately and upon their successful completion the
Revenue Administration approval was received. All associated
infrastructure is now in place.
It is planned that AFI’s Factoring Commercial Enterprise will
begin operating as a private integrator before the end of 2017.
Last stage
at the Private Integrator Project
The activities in the Private Integrator Project gained considerable momentum in 2016 and on
23 September 2016 an application was made to the Department of Revenue Administration for licensing
approval. It is planned that the project will begin operating before the end of 2017.
2016 AFI operations
Annual Report 2016
The Association of Financial Institutions
46