Israel s First Digital Bank begins operations
Bank controlling shareholder Amnon Shashua: The artificial intelligence revolution has come to banking.
Israel s First Digital Bank, controlled by Prof. Amnon Shashua, has begun running in operations in which, bank accounts will be opened for a closed group of customers, who will receive all banking services. Sources have also informed Globes that Shashua, who also founded Mobileye and Orcam, is examining bringing in a partner to share control of the bank.
On the subject of a possible partner the bank said, Digital banks are a buzz topic today worldwide, they are raising capital at very high valuations, and capturing a major share of the market. In the natural course of things, the fact that the entrepreneur leading the autonomous car revolution is setting up a bank, is creating major interest, and we are receiving enquiries from investors in Israel and around the world, and we will report when there is something to announce.