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Banking

98 stories about Banking

“We don’t view AI as replacing bankers but as a way to support their work”
25.09.24|Elihay VidalShani Federman Terem, Head of Business Development and Innovation at Discount Bank, added that the “goal is for AI to free up bankers for more personal tasks and advanced consultations, not to replace them.”
Technology-driven human banking
21.02.24|Eyal EfratTechnology is at the forefront of banking in 2024, explains Bank Leumi CIO Eyal Efrat, while warning that the human element must not be neglected
US economy ends 2023 surprisingly strong, fueling momentum for 2024
13.02.24|Ira Robbins“We remain focused on supporting Israeli innovations in AI and other high-tech areas, recognizing the pivotal role these investments play in driving forward global advancements in technology,” writes Ira Robbins, CEO of Valley Bank
Edmond de Rothschild Israel appoints Nir Yeshaya as CEO
16.11.23|James Spiro“I believe that Nir will succeed in the challenges to come and lead the group to new heights,” said outgoing CEO Doron Cohen.
Israeli startups scrambling after Silicon Valley Bank collapses
11.03.23|Sophie ShulmanIsraeli venture capital funds held emergency discussions on Saturday to formulate measures to help Israeli startups who cannot withdraw money from their accounts
Silicon Valley Bank crisis sends shockwaves through Israeli high-tech
10.03.23|Golan Hazani and Irit AvisarSVB, which is considered to be one of the most prominent financiers of Israeli startups, saw its shares suffer their biggest one-day drop on record as they plummeted by more than 60% on Thursday and lost another 20% in after-hours trade
EFG International opens Israel office, banking on tech boom
07.09.22|CTechRan Heistein has been named as Head of EFG Bank AG’s Representative Office in Tel Aviv
Former Samanage team secures $21 million for new startup Viably
26.07.22|Meir OrbachThe Israeli startup, founded by Doron Gordon, who led Samanage to a $350 million acquisition by SolarWinds, has developed a free banking, insights, and financial management app designed specifically for small business owners
Unit raises $100 million Series C at $1.2 billion valuation for banking-as-a-service platform
17.05.22|Meir OrbachThe Israeli startup helps accelerate time to market and enables companies to launch bank accounts, cards, payment, and lending products in weeks
“With fintech, you get about three times more fraud than what you now get on traditional banking”
01.05.22|James SpiroGadi Mazor, CEO at BioCatch, joined CTech at FINTech 2022 to highlight some of the ways users can be protected for digital banking
“Convenience is the most important thing to banking customers,” says Bank Leumi Deputy CEO
23.03.22|Meir Orbach“More than 50% of our customers prefer to conduct their banking in the most convenient way possible,” says Bank Leumi Deputy CEO, Head of Retail Division, Shmulik Arbel, who also heads the Pepper app
“We don’t think of fintech as competition, we want to work together,” says Bank Leumi CEO
23.03.22|Meir OrbachHanan Friedman also told Calcalist's Sophie Shulman: "Recently, we established a new tech venture - “The Garage” - with military tech experts, and it’s going to change the market. It’s a combination of local entrepreneurial ability and Leumi’s power and capabilities"
Open banking is conquering the world, but in Israel there is still a long road ahead
03.01.22|Tal Weiser"Open banking is a huge economic opportunity that offers regeneration and the building of new sources of income for banks and commercial companies," writes Tal Weiser of Finastra
Israel’s First Digital Bank secures $120 million Series A at $320 million valuation
14.12.21|CTechThe Israeli AI-based digital bank has secured investments led by renowned Swiss wealth management group Julius Baer, Japanese financial conglomerate SBI, and China-based technology company Tencent
“Large global food-focused companies are looking to Israel for acquisition and investment opportunities”
09.12.21|Golan HazaniAmerican investment bank Stifel opened a representative office in Tel Aviv at the end of 2019, just prior to the markets being shaken up by the coronavirus. Since then, the bank has been involved in over 40 transactions involving Israeli companies totaling over $22 billion in aggregate value. "The capital raises of Israeli companies in foodtech can jump 10-fold to large raises of $100-300 million," said Vice Chairman of the bank, Ben Plotkin
Citi recruiting Tel Aviv crypto experts for digital assets division
24.11.21|Meir Orbach and ReutersThe U.S. banking giant is looking to create 100 roles focused on digital assets including blockchain and digital currencies at its institutional division
Bank Leumi leads $13.5 million round in GigaSpaces
10.11.21|Golan HazaniThe Israeli banking powerhouse will also integrate GigaSpaces Big Data tech into its systems
Will central and commercial banks negatively disrupt innovation?
02.11.21|Amnon Samid"Deploying well-designed central bank-issued digital currencies may transform our societies to become modern, innovative, more resilient and very user-centric economies, however, several central banks are taking an 'irritating' route that raise 'censorship' concerns, and even might be risky from a national and global security point of view," writes Amnon Samid, a CBDC expert
The 2008 crisis drove a wedge between banking and tech, the current crisis pushes them closer
26.10.21|Avivit Bender"Banking is essential to the existence of society and trade as we know them, and it is changing rapidly through the progress of technology, adoption of new social values, rising of new competitors and, unfortunately, coping with global crises as well," writes Avivit Bender, Chief Corporate Development and Fintech Officer at Bank Hapoalim
Financial consumerism gets personal in the digital age
03.10.21|CTechAs the world turns to digital – a process highlighted by Covid – increasingly more services and products are becoming personalized

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