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FINANCIAL SERVICES

Nayax CEO Yair Nechmad  credit: David Zisser Nayax laying off 6% of workforce

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

Profit Financial Services co-founder and joint CEO Asaf Banai  credit:  Inbal Marmari "One transaction can cost you a third of your return"

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.

Terror finance credit: Shutterstock How Israel strangled Iran's terror financing network

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 credit: Shlomi Yosef What's changed on Israel's stock market

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

Melio founders Ilan Atias and Matan Bar credit: Dana Tamari Xero buys Israeli fintech co Melio for $3b

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 and joint CEO Asaf Banai  credit:  Inbal Marmari "Savers won't stick with the S&P 500"

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.

Phishing messages  credit: Shutterstock Phishing attacks flood financial services industry

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

Minister of Finance Bezalel Smotrich  credit: Noam Moskowitz, Knesset Spokesperson's Office "Smotrich threats could sever Israel from global banking system"

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

Bank of Israel Governor Prof. Amir Yaron  credit: Eyal Izhar, Tali Bogdansky BoI: Banks can refuse service to 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.

Moshe Lary  credit: PR Mizrahi Tefahot Q1 profit up slightly at NIS 1.3b

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

Isracard CEO Ran Oz  credit: Tammy Bar-Shay Isracard CEO: Prices rising faster than official inflation rate

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

Bank Leumi CEO Hanan Friedman  credit: Oren Dai Leumi posts NIS 2.4b Q1 profit, declares NIS 961m dividend

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.

Yadin Antebi  credit: Jonathan Bloom Bank Hapoalim net profit up 25% in Q1

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

Discount Bank CEO Avi Levi  credit: Israel Hadari Discount Bank posts NIS 1b Q1 profit, revises dividend policy

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

Residential construction in Ashkelon  credit: Shutterstock/Yuri Dondish Mortgage taking in Israel remains strong

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.

Yoni Assia  credit: eToro PR Strong demand in IPO pushes up eToro's valuation

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

Psagot Investmewnt House CEO Tsachi Iron credit: Yana Idelevitch Psagot launches capital market trading platform

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.

George Horesh  credit: Tamar Matsafi Harel, George Horesh bid for Cal

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.

Yoni Assia CEO eToro Credit: PR eToro set for Wall Street IPO this week - report

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.

Sapiens president and CEO Roni Al-Dor  credit: Gal Hermoni Sapiens buys two companies in a week

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

Ella-Tamar Adhanan credit: Rodolphe Felix Israel's go-to tech banker in the US

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.

Yoni Assia CEO eToro Credit: PR eToro defers IPO amid market turmoil

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

Bezalel Smotrich and Amir Yaron credit: Knesset Spokesperson and Tali Bogdanovsky Retail chains, credit card cos could soon act as banks

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

Big banks CEOs credit: Oren Dai, Jonthan Bloom and Israel Hadari Israeli banks unveil NIS 3b customer benefits package

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.

Yoni Assia  credit: eToro PR Trading platform eToro set for IPO

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

ONE ZERO CEO Eyal Gafni credit: Cadya Levy One Zero CEO: Avoid outdated fees with simple awareness

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   credit: Eyal Izhar, Shlomi Yosef  processing: Tali Bogdanovsky BoI moves to restrict developers' financing offers

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

Next Insurance founders credit: Next Insurance Munich Re buys Israeli insurtech co Next at $2.6b valuation

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.

Insurance companies  credit: Einat Levron, Eyal Izhar, Tamar Matsafi, Shlomi Yosef, Tali Bogdanovsky Two up, two down: Insurance co stocks diverge

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

Yitzhak Tshuva credit: Gidon Levy and Tali Bogdanovsky Competition Authority allows Delek takeover of Isracard

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

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