Vako Turnava

Vako Turnava is a member of the Parliament of Georgia, known for advocating the introduction of open banking in the country. In a recent interview with Business Insider Georgia, he emphasized the importance of open banking as a means to enhance competition and provide consumers with better financial services. Turnava highlighted that the implementation of open banking is aligned with Georgia's obligations to the European Union, which requires banks to allow third-party access to customer data with consent. He believes that this innovation will lead to lower transaction costs and improved financial transparency for consumers.