Bank of Israel grants first banking licence in 43 years
One Zero Digital Bank is first digital bank in Israel
The Bank of Israel approved today (January 10) the country’s first new banking licence in 43 years, said the institution.
One Zero Digital Bank will therefore become the first digital bank in the Israeli economy. The central bank thinks this is a new step to boost innovation and competition in the financial sector, said governor Amir Yaron.
One Zero is controlled by Amnon Shashua. The new entity is managed by CEO Gal Bar and chairman Yehoshua Shuki Oren.
The central bank first awarded a
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