Israel's Central Bank gives go-ahead to new digital bank
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Israel's Central Bank says it has granted a pair of high-profile entrepreneurs a license to open the country's first all-digital bank.
The Bank of Israel says Tuesday that the as yet-unnamed bank will have no branches and provide digital services to households, including providing credit, receipt of deposits and providing securities purchasing and sales services.
This will be the first new bank to be established in Israel in 40 years.
