Amnon Shashua (Yonatan Hepner)
The First Digital Bank is an independent bank that hopes to compete with the nation’s five largest banking groups, which today hold some 98% of the market.
The branchless bank will operate by integrating human bankers who provide around-the-clock customer service through online chat and a call center with advanced artificial intelligence-based technology that aims to “create a customized service experience for each and every customer,” the statement said.
The process of opening an account will be completely online, will not require the services of a human representative, and will come with an immediate credit limit approval process.