Israel’s Premier Fintech Conference, Fintech Week Tel Aviv, Brings Together Fintech and Insurtech Leaders from Around the World

Fourth annual conference, held at Tel Aviv Stock Exchange and Barclay’s RISE,  brought together attendees from across the fintech and financial services world to discuss open banking, global collaboration, insurtech and more

Fintech Week Tel Aviv, the leading Israeli fintech conference, wrapped up its fourth annual conference today. The conference brought together leading lights from across a range of fintech hotspots and the broader financial services world to deliberate, share ideas, look at ways of working together and discuss the emerging trends and challenges likely to be at the forefront of the fintech industry in the coming years.

One of the major themes of discussion throughout Fintech Week was open banking. Noa Granot, Head of Innovation at the Bank of Israel, the Central Bank, shared an update on the recent adoption of open banking by the Israeli regulators and the implications and strategic opportunities this will enable in the Israeli market.

Shachar Bialik, Founder and CEO of popular fintech Curve, announced on stage that his company will launch in the US during 2020. Curve is an “over the top” banking platform that recently raised £43 million in a Series B that valued the company at £209 million and has over 500,000 users mainly in the UK. In addition, Meidad Sharon, CEO of ChargeAfter, announced exclusively on-stage a new partnership the company has secured with VISA. ChargeAfter is a market-leading platform connecting retailers and lenders to offer consumers personalized Point of Sale Financing options at checkout from multiple lenders. Blockchain Technology Partners (BTP) also announced a strategic partnership with the Tel Aviv Stock Exchange (TASE). The partnership will ensure the readiness of the Blockchain Securities Lending platform and will see BTP provide ongoing support for the service.”

The conference also focussed on the growing insurtech market in Israel. Dr Luca Marighetti, Group Head of Innovation, Swiss Re, during a Fireside chat with Uzi Scheffer, CEO of SOSA said: “Israeli financial technology consistently stands out and finds a leading place in the market due to their long-term visibility and relevancy. There’s an emphasis on wanting to solve real problems and not simply make noise. It’s this basis and eagerness to challenge existing norms that enables Israeli fintech entrepreneurs to find out of the box solutions that flip existing modes of operation on their head, resulting in enhanced outcomes.”

Other keynote speeches were delivered by: Adam Toms, CEO of OpenFin Europe; Founder and CEO of nsKnox Alon Cohen, renowned entrepreneur and founder of CyberArk; Dr Elan Sasson, Co-Founder & CEO of Data Science Group; Aritra Chakravarty, CEO of Project Imagine-Dozens; Shlomi Orgad, Fintech Lead at Facebook.

“Over the last few years fintech has established itself as one of the fastest growing and most exciting industry sectors – you just need to look at the staggering level of investments made in 2018, which saw global investment double to $111.8bn” said Fintech Week Founder and Director of Fintech Week Tel Aviv Jonny Paul commented. “Fintech week provides a forum for leading financial institutions, start-ups and fintech professionals to connect and map out the future of the financial industry together. The connections we have facilitated have already left their mark across the sector.”

The conference also boasted a host of exciting speakers from a number of cutting-edge companies, including Glassbox, Tink, Railsbank, Personetics, Earnix, YuLife, Sproutt, Fincom and Finasta. Other notable participants herald from Facebook, Salesforce, S&P Global and the Israeli National Cyber Directorate.

Author: Yash Hirani

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