Israeli Fintechs Are Becoming Global Enterprises
Banking Frontiers|February 2019

While it is the startup nation of the world, Israel is also fast becoming a fintech hub:

Mohan
Israeli Fintechs Are Becoming Global Enterprises

Israel is often named as the ‘startup nation’ of the world. It has over 7000 startups. With a population of just under 9 million, the country has the highest density of startups per capita in the world. These startups are estimated to have generated $4.5 billion of funding in 2016. And 20% of this funding has gone to fintech startups. There are over 500 fintech startups with a cumulative funding of $600 million. The largest number of these fintechs operate in the digital payments segment comprising mobile payments, P2P money transfers and eCommerce with an estimated transaction value of $6 billion in 2017. The sector is poised for an annual growth rate of 10.5% and is expected to have a transaction volume of $8.96 billion by end-2021.

The other two important segments where fintechs are involved are business finance and personal finance. Business finance accounts for $2.5 billion transaction value, with expected annual growth of 21.9%, reaching $5.4 billion by the end of 2021. The business finance segment includes crowd investing, crowd funding and crowd lending. Personal finance accounts for $0.4 billion transaction value, with expected annual growth of 42.0%, reaching $1.8 billion by the end of 2021. The personal finance segment is composed of marketplace lending and robo-advisory.

TECH GROUNDING

Israel, as is well known, has high expertise in technologies like big data analytics, artificial intelligence, block chain and computer vision. Its relatively small size, the large number of startups and its reputation for entrepreneurship renders it to be an ideal testing ground for innovation. The country has a very healthy regulatory practices with regulators like the Bank of Israel and the Commissioner of the Capital Markets, Insurance and Savings (CMIS) playing a crucial role.

Denne historien er fra February 2019-utgaven av Banking Frontiers.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra February 2019-utgaven av Banking Frontiers.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA BANKING FRONTIERSSe alt
Finance gears up for festivities
Banking Frontiers

Finance gears up for festivities

BFSI companies are charging their online and omnichannel strategies with personalized festive deals this season:

time-read
4 mins  |
October 2024
Non-cash transactions can touch a phenomenal level by 2028
Banking Frontiers

Non-cash transactions can touch a phenomenal level by 2028

Capgemini Research Institute’s World Payments Report 2025 highlights the era of account-to-account an instant payments:

time-read
3 mins  |
October 2024
The Confluence of Artificial Intelligence and Cybersecurity: AI as the Game Changer
Banking Frontiers

The Confluence of Artificial Intelligence and Cybersecurity: AI as the Game Changer

In an increasingly interconnected world, safeguarding our digital assets has become paramount. Enter the dynamic duo: Cyber security and Artificial Intelligence (AI).

time-read
3 mins  |
October 2024
A new trinity in digital lending space
Banking Frontiers

A new trinity in digital lending space

Three platforms in the lending space are poised to change the way lenders offer credit and borrowers access funds in India:

time-read
4 mins  |
October 2024
Finance gears up for festivities
Banking Frontiers

Finance gears up for festivities

BFSI companies are charging their online and omnichannel strategies with personalized festive deals this season:

time-read
4 mins  |
October 2024
Small MFI, International Engagements
Banking Frontiers

Small MFI, International Engagements

Mitrata Inclusive Financial Services in the midst of transformation growth

time-read
3 mins  |
October 2024
MFIs: Big Impact Big Changes,
Banking Frontiers

MFIs: Big Impact Big Changes,

Even as MFIs are fueling economic growth for the underprivileged, what is interesting is that they are transforming themselves in areas like HR, technology, funding, leadership, collections, and more. Banking Frontiers presents the initiatives and initiatives at 9 such organizations:

time-read
3 mins  |
October 2024
Climate Risk Forum for CROS
Banking Frontiers

Climate Risk Forum for CROS

Excerpts from a discussion on shaping the future of climate change resilience in India:

time-read
3 mins  |
October 2024
Seamless Supply Chain Finance
Banking Frontiers

Seamless Supply Chain Finance

Deep insights emerge from this fireside chat at NBFC's Tomorrow Conclave.

time-read
6 mins  |
October 2024
Star Health sees strong demand from the IT sector
Banking Frontiers

Star Health sees strong demand from the IT sector

Biju Menon, Chief Business Officer at Star Health Insurance, looks at the evolution of employee health insurance from multiple perspectives:

time-read
4 mins  |
October 2024