18 December 2018
Israel, with its expertise in technology such as big data analytics,
artificial intelligence, blockchain and computer vision, has
established itself as a global centre for fintech. Its relatively small
size, the large number of start ups and its reputation for
entrepreneurship mean that it is an excellent testing ground for
innovation. Israeli regulators, including the Bank of Israel and the
Commissioner of the Capital Markets, Insurance and Savings
(CMIS), have expressed the view that technology is key, and a
number of regulatory changes are coming into effect or being
explored to further boost the market.
In this briefing prepared in collaboration with Herzog Fox & Neeman, we describe the latest regulatory developments and what we are likely to see next.
Fintech in Israel – an overview