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Israel's fintechs target Europe
Banking Frontiers
|April 2021
Nir Netzer, Head of the Israeli Fintech Association, throws light on the fintech scenario in Israel:
Nir Netzer points out that in a way, Israel is the frontier in both frontend and back-end fintech solutions.
Babu Nair: How does the fintech ecosystem in Israel look like? What kind of companies are part of this ecosystem?
Nir Netzer: Israel is a very attractive market for fintechs in a very broad term. We have experts in AI, ML, blockchain, and also professionals from payments, lending, insurtech, capital market and many more. AI-based credit scoring and trading mechanisms are all part of our ecosystem. In a way, Israel is the frontier in both frontend and back-end fintech solutions.
We are familiar with all kinds of fintech being developed globally. Almost 70% of investments in the Israeli market comes from outside. Israel is a big market. Per capita investment makes Israel second in the world. More than $1.7 billion have been invested in the Israel fintech market. More than 900 fintech startups are currently active.
This story is from the April 2021 edition of Banking Frontiers.
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