FINANCIAL SERVICES

The cashless payments solutions company says recent acquisitions have resulted in duplication in some positions.

Asaf Banai, founder and co-CEO of Profit Financial Services, warns against emotional bias, and calls for avoiding trends, and for diversifying investments. Fourth and last article in a series.

Bombing of banks, killing of key figures, and hacking attacks proved effective, but experts warn that Iran, Hezbollah, and even Hamas, could quickly recover.

Ron Senator, managing partner at hedge fund Sphera, says the recent rally goes beyond the typical market response after a conflict reaches its peak.

The New Zealand cloud-based accounting software company says that buying Melio's pay platform will help it expand in the US market.

Profit Financial Services co-founder Asaf Banai advocates rational financial decisions, and comes out swinging against bank deposits. Part 1 of the “Globes” Financial Growth Track series, presented in collaboration with Profit.

Impersonation of banks and credit card companies to defraud customers is on the rise, but there is no national strategy to combat it.

Experts warn of possible dire consequences if the finance minister carries out his threats against the banks over sanctioned customers.

The Banking Supervision Department has issued draft guidelines on how to deal with the risks arising from sanctions on customers imposed by foreign countries.

The bank reports a 10% increase in credit to the public.

Ran Oz says that expenditure in areas such as food, travel and insurance is rising much faster than Central Bureau of Statistics figures indicate.

Net profit rose 12% in comparison with the first quarter of 2024, if last year’s sale of the bank’s headquarters building is excluded.

Net profit jumped 25% from the corresponding quarter to NIS 2.4 billion, of which 40% will be distributed as a dividend.

From the second quarter, the bank will distribute 50% of its profits, subject to approval by the supervisor of banks.

Mortgages totaling NIS 8.05 billion were taken last month, up from NIS 5.95 billion in April 2024, according to preliminary figures from the Bank of Israel.

Israeli online trading platform eToro will begin trading on Nasdaq tomorrow, market sources believe, after it will report the results of its pricing.

Psagot Investment House's new trading system offers a broad range of AI-based advanced technology tools, with exemption from management fees and attractive trading commissions.

The bid for Discount Bank's 72% stake in credit card company Cal is non-binding at this stage. Several foreign investment firms have also expressed interest.

The Israeli online trading platform, which postponed its flotation last month due to market volatility, is set to move ahead with the offering in the coming days, "Bloomberg" reports.

The acquisitions of Indian company Candela Labs and UK-based AdvantageGo total $80 million.

As head of SVB's Israel Market, and director of US Business Development for Technology Banking & Investor Coverage, Ethiopian-Israeli Ella-Tamar Adhanan has helped restore confidence in the bank.

The online trading platform had planned to begin meetings with investors this week.

Israel's financial regulators have proposed that supermarket chains, credit card companies and investment houses will be able to accept deposits and offer credit.

The benefits over two years meet the target set by the Bank of Israel to ease the burden for customers, while the banks are reporting record profits.

The company has filed a prospectus with the SEC, showing that its revenue tripled in 2024, with 96% deriving from crypto trading.

Eyal Gafni told the Globes "Going Long on Israel" Conference that with higher awareness the public can stop keeping their money in current accounts with zero returns.

Supervisor of Banks Daniel Hahiashvili sees growing risk in bank loans subsidizing new home purchases.

Munich Re, an early investor in Next Insurance, is buying the 71% of the company, which serves small businesses in the US, that it does not already own.

They all reported strong results for 2024, yet while Menora Mivtachim and The Phoenix rose sharply, Migdal and Clal went the other way.

The Competition Authority is considered the easier of the two regulatory hurdles that the deal must overcome, the other being the Supervisor of Banks.