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Machine Learning will be a game changer in finance: Experian

Machine Learning will be a game changer in finance: Experian

By HUSNIYE GUNGOR AFTER EXPANDING its own the AI capabilities in 2020, Experian Turkey will introduce a game-changing ‘Machine Learning Automation Platform’ to help organizations transform their financial processes. One area of focus will be the creation of smarter ‘early warning ’ mechanisms and models for financial institutions, according to GM Samile Mumin. Turkey is...

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Eager for globalization

Eager for globalization

By HUSNIYE GUNGOR NO OTHER COMPANY epitomizes the idea that the pandemic has affected our lives in every sense than Hayat Kimya, Turkey’s global Fast Moving Consumer Goods (FMCG) company. As masks became part of our daily lives, Hayat brought its 33-years of experience in hygiene and cleaning products in the FMCG sector into the...

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Plug and Play to boost Turkish start-up ecosystem

Plug and Play to boost Turkish start-up ecosystem

By HUSNIYE GUNGOR TURKEY’S BIGGEST industrialists have taken a major step toward establishing an ecosystem that will enable them to interact with start-ups and investors for open innovation and global business development. The Turkish Employers Association of Metal Industries (MESS) has chosen Plug and Play, one of the most prominent accelerators from Silicon Valley, as...

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Allianz Turkey focuses on low carbon economy

Allianz Turkey focuses on low carbon economy

By DIDEM ERYAR UNLU THE FREQUENCY and degree of damage from natural disasters have been increasing significantly over the last decade. The losses they cause in infrastructure, residential areas, workplaces, agriculture lands and health are covered by insurance industry, which plays a key role in identifying risks and then managing and mitigating them, as well...

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USD 7bn in exports saved from tariffs

USD 7bn in exports saved from tariffs

TURKEY has signed its first Free Trade Agreement (FTA) with the United Kingdom (UK), which is not anymore included in the Customs Union after its exit from the European Union (EU). Signed by Trade Minister Ruhsar Pekcan and Ambassador Dominick Chilcott during an online ceremony attended by UK Secretary of International Trade Liz Truss last...

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Danish investments to turn Turkey into a gateway for MENA operations

Danish investments to turn Turkey into a gateway for MENA operations

By HUSNIYE GUNGOR H.E. ANETTE S. GALSKJØT, THE DANISH CONSUL GENERAL IN ISTANBUL, HIGHLIGHTS HER COUNTRY’S FIVE BIG INVESTMENTS, IN THE DISTRICT ENERGY, PHARMACEUTICALS, MEDICAL TECHNOLOGIES, TEXTILES AND FOOD TECH SECTORS. SUSTAINABLE PROJECTS HAVE THE POTENTIAL TO BOOST THE CURRENT USD 2BN BILATERAL TRADE RELATIONSHIP, SHE SAYS. ALTHOUGH the Turkish market is not the top...

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Aras Kargo becomes the crown jewel in Austrian Post

Aras Kargo becomes the crown jewel in Austrian Post

By HUSNIYE GUNGOR AUSTRIAN POST, which has been waiting quite a long time to finalize a deal with Aras Kargo, finally purchased a majority stake this summer. Europe’s first standardized postal service, established in 1490, Austrian Post believes pays its biggest international investment in Aras Kargo is strategically important, its newly-appointed chairman in Turkey, Peter...

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How to transform the business

How to transform the business

By HANDAN SEMA CEYLAN “Our raison d’être is hidden in the ‘x’ in our company name. We seek to find the unknown, and absorb it into our digital structure – the ‘D’.” That is how a young executive in his mid 40s in charge of the digitalization arm of a 95-year-old conglomerate describes SabanciDx. Established...