05

Intellectual Capital

Intellectual capital is a combination of know-how, innovative thinking, and intellectual assets, which refers to the knowledge that can be utilized from profit-generating information, including components such as concepts, inventions, technologies, software, designs, companies’ capacity to use data, relationships between the Bank and its stakeholders, and creativity. Development and Investment Bank of Türkiye places a high value on intellectual capital, which, together with the ability to apply knowledge, helps the Bank grow and prosper.

A bank closely follows all important developments, especially sectoral, which it has gained since its establishment. In this context, the Bank considers research and being inquisitive as an indispensable part of intellectual capital as it enables learning. Another active element of intellectual capital, which is critical for banking activities, is information technology assets.

Development and Investment Bank of Türkiye, which has access to large amounts of data, provides opportunities to develop its intellectual capital within the scope of data analytics and technological innovations in order to increase its capacity to effectively manage, analyze and use this data.

Inputs

  • National and international sectoral publications
  • Priorities within National Development Plans
  • Digital infrastructure systems and platforms
  • Computer software, licenses, programs
  • Customer / Employee feedback
  • National and international collaborations

Activities

  • Preparation of Bank strategies and business plans
  • Providing the opportunity to work remotely
  • Identifying, monitoring, and taking precautions against risks that may threaten information assets
  • Establishment of technology and innovation funds
  • Evaluation of the economic, technical, and financial aspects of the projects to be support

Outputs

  • 9 completed and 14 ongoing digital transformation projects
  • Number of staff involved in projects: 65
  • Investing 40% of the 2022 investment and operating budget in digitalization and information security

Value Created

  • Transparency and reliability
  • Digital transformation and information security
  • Productivity
  • Unique customer experience
  • Business continuity
  • Quality management

Targets

  • Developing an online demand collection infrastructure and carrying out the processes of receiving, evaluating, and monitoring customer demands in a digital environment
  • Strengthening security and business continuity practices every period and raising awareness of information security within the Bank
  • Renovation, modernization, and relocation of the primary data center and Disaster Recovery Center (DRC) to new locations with international standards
  • Installation and commissioning of segmentation firewall and load balancer
  • Ensuring that business processes are realized on IT platforms in an end-to-end integrated manner with minimum intervention through the implementation of the new Core Banking Transformation project
  • Improvement of software production infrastructure and dissemination of open-source components

Material Topics

  • Cyber Security and Data Privacy
  • Digital Transformation and Innovation
  • Stakeholder Capitalism and Collaboration

Risks

  • Data privacy and security
  • Adaptation to constantly renewed technological developments
  • Cybersecurity vulnerabilities

Opportunities

  • Software solutions
  • Data source optimization
  • Preventing fraud attempts
  • Information Technologies corporate architecture studies