Fintech refers to technological innovations in the financial sector, introducing improved alternatives for the various banking and financial services and products. In addition to providing better, quicker and less expensive financial services, more attuned to the needs of the millennial generation. Fintech also provides technological financial access for inhabitants of various communities across the globe, in locations which were unable to access sufficient (if any) financial services. Over the past few years, the Israeli Fintech industry has established itself as a frontrunner in financial innovation, boasting several unique strengths and advantages that have enabled its success within the global market, and offer distinctive benefits. These include recognized local expertise in such cross-over technologies as cybersecurity, big data analytics, and AI, as well as an active and diverse entrepreneurial Fintech community with a global outlook.
This brief gives a high-level overview of the Israeli Fintech industry, global challenges, and solutions, a breakdown of the local ecosystem into sub-sectors and special qualities of the Israeli Fintech industry and its success stories.
Start-up Nation Central Fintech Brief 508 KB PDF"The Israeli FinTech landscape is booming, with hundreds of Israeli FinTechs focusing on global opportunities, Israel has become a stronghold for FinTech innovation. Multinationals are opening innovation centers and scouting programs in Israel to keep up to date with the rapidly evolving market and unique technological opportunities. FinTech-Aviv, the Israeli FinTech Association, acts as a FinTech hub for over 30,000 entrepreneurs, FinTechs, financial institutions, investors and multi-nationals. Providing a gateway for global financial institutions and FinTechs who wish to connect with the Israeli FinTech landscape, by hosting monthly events, delegations, content and FinTech courses for corporates and in Israeli Academic institutions. "
"Fintech has shifted from competition to collaboration mode between banks & startups and this resulted in several success stories, especially with Israeli companies bringing a new wave of innovation to global banks, at The Floor we see the emergence of innovators that are helping to impact the financial industry while gaining expert guidance and unique business opportunities. The dominant trends relate to the use of data as a currency, leveraging existing assets for better service/new product offering. Blockchain is early stage yet beginning to move into the implementation phase. The use of AI capabilities to manage new regulation or enhance customer-facing digital experience."
"Technology and innovation have created a new world of opportunity for the insurance industry. Our future customers demand and expect innovation from our industry. We will need to navigate through this new world of opportunity and to develop new models and new partnerships in order to stay relevant. Many insurers and brokers recognize the need to innovate and are Investing in Insurtech Initiatives. I am sure that insurance industry will be much different in five to 10 years."
BLOCKCHANCE EUROPE 2021
FinTech Startup Pagaya Raises $102M
Capital Markets Startup Capitolis Raises $40 Million
CreditPlace Peer-to-Peer Debt Trading Startup Raises $8 Million
Start-Up Nation Central Wows Africa with Israeli Innovation
$14M in Series B Funding Raised by Israel-based AI Fintech Company Pagaya
Online Lender BlueVine Announces $12M Investment from Microsoft's Venture Fund M12
10Bis to be Bought by Dutch Takeaway.com for €135 Million
$83 Million Raised by Small Businesses Carrier Next Insurance
$7 Million in Seed Funding Announced for Trigo's Advanced Retail Automation Platform
Start-Up Nation Central's Annual Report
Fintech Company Bluevine Raises $200 Million in C Round
$3.5 Million Raised in Series A Round by Fintech-Specialist Company Reach
ActivePath Acquired by BroadRidge, Expected to Improve Communication Experiences through Interactivity
Biocatch secures $30M in funding to redefine digital identity and renew trust in online interactions
Fintech Hub to be set up in Tel Aviv by Japanese insurer Sompo
New Funding of $130M for BlueVine
$7.6m raised in A funding round by AI text insight platform creators, Amenity Analytics
How 300+ Israeli Companies are Changing the Face of FinTech
Why International Companies Are Investing in Israeli FinTech Start Ups
A Matter of Trust: How an Israeli Start-Up is Making Blockchain Pay Off for Business
Why Does Israel Have a Competitive Advantage in FinTech?
Open banking is a trend that goes against the historical hesitancy that banks have had to integrate their systems with 3rd party software and platforms
Learn MoreMobile payments have significantly altered the way we pay, making it effortless, simple, and quick
Learn MoreWith the rise of mobile transactions, and the subsequent need for improved anti-fraud and security measures, the use of biometric security within the finance sector is a natural progression
Learn MoreWhile blockchain may be perceived as a trend, it is becoming increasingly apparent that it is here to stay. As banks around the globe set up sandboxes to test how blockchain can be implemented
Learn MoreAI is expected to be smarter, more efficient and more secure, catering to customer needs and delivering greater advances with the use of cognitive interfaces in complex systems, advanced analytics, and machine learning technology
Learn MoreAs financial services and products become more readily available, giving consumers more choice than ever before, traditional institutions are being forced to further invest in the experiences of their customers
Learn MoreTerms and Conditions
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Please read the following Terms of Use carefully before using this Site so that you are aware of your legal rights and obligations with respect to Start-Up Nation Central Ltd. (CC) (“Start-Up Nation Central“, “we“, “our” or “us“) and/or the Site. By accessing or using the Site, you expressly acknowledge and agree that you are entering a legal agreement with us and have understood and agree to comply with, and be legally bound by, these Terms of Use, together with the Privacy Policy (the “Terms“). You hereby waive any applicable rights to require an original (non-electronic) signature or delivery or retention of non-electronic records, to the extent not prohibited under applicable law. If you do not agree to be bound by these Terms please do not access or use the Site.
Last updated: January 2018
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As we develop our business, we may buy or sell assets or business offerings. Customer, email, and visitor information is generally one of the transferred business assets in these types of transactions. We may also transfer or assign such information in the course of corporate divestitures, mergers, or dissolution.
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Our California Do Not Track Notice
We do not currently respond or take any action with respect to web browser “do not track” signals or other mechanisms that provide consumers the ability to exercise choice regarding the collection of personally identifiable information about an individual consumer’s online activities over time and across third-party web sites or online services. We may allow third parties, such as companies that provide us with analytics tools, to collect personally identifiable information about an individual consumer’s online activities over time and across different web sites when a consumer uses the Service.
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If you are a California resident under the age of 18 and a registered user, California Business and Professions Code Section 22581 permits you to remove content or personal information you have publicly posted. If you wish to remove such content or personal information and you specify which content or personal information you wish to be removed, we will do so in accordance with applicable law. Please be aware that after removal you will not be able to restore removed content. In addition, such removal does not ensure complete or comprehensive removal of the content or personal information you have posted and that there may be circumstances in which the law does not require us to enable removal of content.
Changes to Our Privacy Policy
If we change our privacy policies and procedures, we will post those changes on this page to keep you aware of what information we collect, how we use it and under what circumstances we may disclose it. Changes to this Privacy Policy are effective when they are posted on this page. If you have any comments or questions regarding our Privacy Policy, or your personal information that we may be storing and using, please contact us at [email protected]
Last Updated: January, 2018