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Mobileye first quarter revenue falls by almost 50% as clients cut back on spending to clear excess stock

Melio names Boaz BenDavid as its first Chief Financial Officer

Check Point registers higher than expected Q1 profit helped by growth of AI-powered security platform

Microsoft explains how Generative AI impacts IP law and compliance

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Nvidia continues Israel shopping spree with acquisition of Deci

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Israeli Billionaire Hires Black Cube to Spy on Former Partner Company Vale

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Nvidia announces $700 million acquisition of Run:ai

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Nvidia on verge of completing $700 million acquisition of Run:ai

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Nagomi Security raises $23 million Series A for proactive defense platform

Banking

20 stories about Banking

Technology-driven human banking

21.02.24|Eyal Efrat

Technology 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.

לקוחות בנק SVB מחוץ לסניף הבנק שנסגר בסנטה קלרה קליפורניה בסוף השבוע

Israeli startups scrambling after Silicon Valley Bank collapses

11.03.23|Sophie Shulman

Israeli venture capital funds held emergency discussions on Saturday to formulate measures to help Israeli startups who cannot withdraw money from their accounts

בנק סיליקון ואלי קליפורניה

Silicon Valley Bank crisis sends shockwaves through Israeli high-tech

10.03.23|Golan Hazani and Irit Avisar

SVB, 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

Ran Heistein EFG

EFG International opens Israel office, banking on tech boom

Ran Heistein has been named as Head of EFG Bank AG’s Representative Office in Tel Aviv

דורון גורדון, מייסד ויאבלי

Former Samanage team secures $21 million for new startup Viably

26.07.22|Meir Orbach

The 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 Orbach

The Israeli startup helps accelerate time to market and enables companies to launch bank accounts, cards, payment, and lending products in weeks

Gadi Mazor ועידת פינטק Ctech וידאו

“With fintech, you get about three times more fraud than what you now get on traditional banking”

01.05.22|James Spiro

Gadi Mazor, CEO at BioCatch, joined CTech at FINTech 2022 to highlight some of the ways users can be protected for digital banking

ועידת Mind The Tech שמוליק ארבל

“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

ועידת Mind The Tech חנן פרידמן מנכ"ל בנק לאומי

“We don’t think of fintech as competition, we want to work together,” says Bank Leumi CEO

23.03.22|Meir Orbach

Hanan 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"

טל וויזר פינסטרה

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

אמנון שעשוע מובילאיי

Israel’s First Digital Bank secures $120 million Series A at $320 million valuation

The 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 Hazani

American 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

סיטי סיטי גרופ סיטיבנק Citi

Citi recruiting Tel Aviv crypto experts for digital assets division

24.11.21|Meir Orbach and Reuters

The U.S. banking giant is looking to create 100 roles focused on digital assets including blockchain and digital currencies at its institutional division

עדי פז מנכ"ל גיגהספייסס

Bank Leumi leads $13.5 million round in GigaSpaces

10.11.21|Golan Hazani

The Israeli banking powerhouse will also integrate GigaSpaces Big Data tech into its systems

אמנון סמיד BitMint

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

אביבית בנדר ממונה על הפיתוח העסקי התאגידי חטיבת החדשנות והאסטרטגיה בנק הפועלים

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

As the world turns to digital – a process highlighted by Covid – increasingly more services and products are becoming personalized

גל בר דעה מנכל הבנק הדיגיטלי

“It’s like David going up against Goliath. The top three Israeli banks will change, and we’ll be part of it”

12.09.21|Diana Bahur-Nir

He pledges to pay higher interest on deposits and take lower interest on loans, and is certain that banking’s big bang is right around the corner. Gal Bar Dea, the CEO of First Digital Bank, is counting on people wanting to walk around in “I Love My Bank” T-shirts