Promising Startups 2022
2022 VC Survey
Mobileye co-founder: "I'm ashamed that I didn't know how serious the climate problem is"
One Missourian’s historic recognition of Israel carries long-reaching business opportunities
Soldiering on: Restart gets wounded veterans back on track
MSI Modern 14: A powerful laptop in an old-fashioned package
Palo Alto Networks in negotiations to acquire Talon Cyber Security in $600 million deal
“Cisco and SentinelOne never engaged in due diligence concerning a potential acquisition”
Palo Alto Networks Founder: "Only a few dominant players will survive the cyber consolidation"
Number of Israeli Gen AI startups more than doubles in six months
CrowdStrike acquiring cyber startup Bionic for $350 million
20 stories about Banking
Israeli startups scrambling after Silicon Valley Bank collapses
Israeli 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
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
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
Former Samanage team secures $21 million for new startup Viably
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
The 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”
Gadi 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
“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
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"
Open banking is conquering the world, but in Israel there is still a long road ahead
"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
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”
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
Citi recruiting Tel Aviv crypto experts for digital assets division
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
Bank Leumi leads $13.5 million round in GigaSpaces
The Israeli banking powerhouse will also integrate GigaSpaces Big Data tech into its systems
Will central and commercial banks negatively disrupt innovation?
"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
"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
“It’s like David going up against Goliath. The top three Israeli banks will change, and we’ll be part of it”
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
What need do we have for ‘Neo Banks’?
They’ve attracted the attention of everyone from Warren Buffet to Amnon Shashua - but why?
Israel's First Digital Bank to offer full digital banking services to US citizens
The banking system doesn’t currently make it possible for Israeli citizens who also hold a US citizenship or a foreign tax residency to open a bank account by digital means and they are forced to arrive at bank branches in order to physically sign a series of documents
"We won't be a free bank but we'll disrupt the existing order"
Chairman of the First Digital Bank, Shuki Oren, said that it will launch its services towards the end of this year or in the first quarter of next year with the aim of making an immediate footprint
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