Bank of Israel establishes banking innovation division
Aim is to support technology but contain accompanying risks
The Bank of Israel has formed a new division designed to keep pace with the rapid technological change in the banking sector.
The technology and innovation division becomes the fifth of the banking supervision department. Dudi Bavli, previously deputy head of the Bank of Israel’s operational risk and IT examination unit, was chosen to lead the new division.
The aim is to support the development of technology within the banking sector while keeping a watchful eye. On the one hand, the division
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