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ISRAEL AT WAR - DAY 592

digital banking

From left: One Zero Bank CEO Gal Bar Dea, founder Amnon Shashua and chairman Shuki Oren. (Yanai Yechiel and Yonatan Hefner)
December 30, 2021, 8:03 pm
Israel’s newest bank picks a new name
Amnon Shashua’s banking company, known as the First Digital Bank, names itself One Zero to offer ‘real, comprehensive’ banking alternative
By Ricky Ben-David
Illustrative image of artificial intelligence research, robots and banking (Blue Planet Studio; iStock by Getty Images)
December 14, 2021, 5:07 pm
New Israeli digital bank raises $120m with Asian, European investors
China’s Tencent, Japanese conglomerate SBI, and Swiss group Julius Baer back First Digital Bank, founded by Mobileye’s Amnon Shashua
By Ricky Ben-David
Palo Alto Networks founder & CTO Nir Zuk (YouTube Screenshot)
May 3, 2021, 12:28 pm
Palo Alto Networks founder Nir Zuk reportedly to set up digital bank in Israel
Calcalist reports that Zuk and former Israeli securities regulator Shmuel Hauser will seek institutional investment for new bank and are eyeing a Bank of Israel license
By Shoshanna Solomon
Israel Discount Bank Ltd. and the nation's largest supermarket chain Shufersal are setting up a joint venture to offer a digital banking services that aims to compete with the traditional banking system (ARISA THEPBANCHORNCHAI; iStock by Getty Images)
January 20, 2021, 1:08 pm
Bank Discount, Shufersal chain set up joint financial services firm
Joint venture will operate on the platform of Discount’s PayBox digital wallet, offering fintech services to compete with traditional lenders
By Shoshanna Solomon
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
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
Check Point Software Technologies co-founder Marius Nacht (Courtesy)
January 22, 2019, 12:03 pm
Billionaire Nacht submits plan to set up digital bank in Israel
Cybersecurity giant Check Point Software co-founder seeks to enter tight banking sector, where Bank of Israel is in favor of more competition
By Shoshanna Solomon
Check Point Software Technologies co-founder Marius Nacht (Courtesy)
May 21, 2018, 2:43 pm
Billionaire Nacht seeks to set up new digital bank in Israel
At a conference earlier this month, banking regulator Hedva Ber said conditions were ripe for a new bank to join Israel’s current five
By Shoshanna Solomon
Bank of Israel Governor Karnit Flug speaks during a press conference in Jerusalem on March 31, 2015. (Yonatan Sindel/Flash90)
February 4, 2018, 3:13 pm
Bank of Israel warns of rise in digital banking fraud
In one recent scam, fraudsters tried to steal personal details by mimicking PayPal; damage has been minimal to date
By Shoshanna Solomon
A Bank Leumi in Jerusalem, November 16, 2014. (Yonatan Sindel/Flash90)
From the WebJanuary 19, 2017, 11:53 am
Bank Leumi CEO plans more cost cuts after eliminating 2,100 Jobs
Bloomberg: Bank Leumi, Israel’s second largest bank, has already started closing branches and cutting back on staff as revenue for Israeli banks has been flat due to record-low interest rates; the lender has deepened its focus on digital banking
Bank Mizrahi Tefahot's YouTube commercial features a preschool teacher who is a telepresence robot. (screenshot)
September 28, 2016, 8:50 pm
Bank pushes human touch by mocking virtual services
As Israeli banks close branches and go digital, one institution banks on customers hankering for a more personal connection
By Simona Weinglass
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