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ISRAEL AT WAR - DAY 473

Digital bank

Bank of Israel governor Amir Yaron (third from left) hands conditional bank license to Shmuel Hauser (third from right), chairman of a new digital banking venture led by Nir Zuk, the founder of cybersecurity giant Palo Alto Networks. (Courtesy/Bank of Israel)
January 8, 2023, 1:55 pm
Clal to buy NIS 100 million stake in Israel’s 2nd digital bank
Insurance company to become shareholder in Esh with 4.99% holding; investment values the new digital bank at NIS 1.8 billion
By Sharon Wrobel
Illustrative image of digital banking (apichon_tee; iStock by Getty Images)
May 19, 2020, 1:45 pm
Digital bank enters accord with Isracard to issue credit cards
The two entities will jointly issue local and international credit and debit Mastercards to customers of Israel’s first purely digital bank
By Shoshanna Solomon
Hedva Ber, Supervisor of Banks at the Bank of Israel, far end, right, at a press conference in Tel Aviv, May 24, 2017 (Courtesy: Shoshanna Solomon)
May 10, 2020, 3:54 pm
Bank of Israel seen approving digital bank’s new shareholder structure
Banking Supervision Department is set to authorize Amnon Shashua taking full control of bank, after co-founder Marius Nacht bows out, person familiar says
By Shoshanna Solomon
Left to right: Amnon Shashua and Marius Nacht get a letter from Bank of Israel Governor Amir Yaron and Supervisor of Banks Hedva Ber, saying they will get a license to set up a digital bank in Israel (Courtesy)
May 7, 2020, 2:45 pm
Mobileye’s Shashua takes control of Israel’s new digital bank
Shashua to buy holdings of co-founder Marius Nacht and inject $60 million into the fully digital bank, which expects to start operations in 2021
By Shoshanna Solomon
Left to right: Amnon Shashua and Marius Nacht get a letter from Bank of Israel Governor Amir Yaron and Supervisor of Banks Hedva Ber, saying they will get a license to set up a digital bank in Israel (Courtesy)
January 26, 2020, 12:02 pm
Israel’s digital bank sees start in mid-2021, signs deal with India’s TATA group
Entrepreneurs Marius Nacht and Amnon Shashua, controlling shareholders of new bank, seek to raise funds needed for equity requirements from local, foreign investors
By Shoshanna Solomon
Left to right: Amnon Shashua and Marius Nacht get a letter from Bank of Israel Governor Amir Yaron and Supervisor of Banks Hedva Ber, saying they will get a license to set up a digital bank in Israel (Courtesy)
September 24, 2019, 2:50 pm
Bank of Israel gives nod to tech moguls Nacht, Shashua for new digital bank
The approval marks the first time in 40 years a new bank will be set up in Israel; the plan is for a digital bank, without branches, that aims to compete with incumbent lenders
By Shoshanna Solomon
Amnon Shashua, co-founder and chairman of Mobileye arrives at a Mobileye and Intel Workers Conference in Jerusalem, March 14, 2017. (Yonatan Sindel/Flash90)
From the WebAugust 11, 2019, 2:35 pm
Mobileye’s Amnon Shashua in talks to join new digital banking venture
Calcalist: The co-founder and CEO of Mobileye is in advanced talks to join the new banking venture of billionaire Marius Nacht, also co-founder of Check Point Software
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