Israel’s banking regulator on Sunday approved a conditional license and control permit to a group of entrepreneurs to establish a new online bank, the second addition to the highly concentrated banking sector in three years.
JERUSALEM —
The approvals, it said, will allow the founders to move forward and complete the mechanical, operational and regulatory preparations required for the start of the bank’s activities. Last January, One Zero Digital Bank received final regulatory approval for a full banking license, becoming the first new Israeli bank in 43 years.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BTS fandom tech firm Weverse reaches beyond K-Pop - BusinessWorld OnlineSEOUL — When Jin became the first member of the K-Pop supergroup BTS to enlist for South Korea’s mandatory military service this month, he had a special message to fans on Weverse, a fan platform app that commands more than 8 million active users. “Now it’s curtain call time (I wanted to say this when […]
Read more »
Merck’s COVID pill does not cut hospitalization, death rates in many vaccinated adults — study - BusinessWorld OnlineLONDON — Merck & Co. Inc.’s COVID antiviral molnupiravir speeds up recovery but does not reduce the hospitalization or death rate in higher-risk vaccinated adults, detailed data from a large study showed on Thursday. The drug, which prevents the virus from replicating, generated nearly $5 billion in sales for the US drugmaker in the first […]
Read more »
China’s stretched health system braces for peak in COVID infections - BusinessWorld OnlineBEIJING/SHANGHAI — China is expecting a peak in coronavirus disease 2019 (COVID-19) infections within a week, a health official said, with authorities predicting extra strain on the country’s health system even as they downplay the disease’s severity and continue to report no new deaths. In the face of a surging outbreak and widespread protests against […]
Read more »
Bangsamoro social services ministry partners with Amanah Islamic Bank for digital aid payment - BusinessWorld OnlineTHE BANGSAMORO Ministry of Social Services and Development (MSSD) has partnered with state-owned Amanah Islamic Bank for the regional government’s digital aid distribution program, initially covering emergency shelter assistance funds. The tie-up will cover beneficiaries of storm Nalgae, locally named Paeng, which struck a large part of the Philippines in October, including several provinces in […]
Read more »
MICE conference 2023 to highlight ‘bleisure’ tourism - BusinessWorld OnlineNEXT YEAR’S Meetings Incentives Conferences Exhibitions Convention (MICECon), to be held in Davao City in March, will highlight a growing business-leisure tourism trend as the industry bounces back from the pandemic, officials said. “Meetings, Incentives, Conferences, and Exhibitions are the low-hanging fruits on our road to recovery as ‘bleisure’ or the mix of business and […]
Read more »
Quezon City bans households from holding fireworks displays - BusinessWorld OnlineTHE QUEZON City government has prohibited private households from holding their own fireworks display to lessen injuries during the holiday season. Fireworks displays would only be allowed in public places “as approved by the city government,” Mayor Maria Josefina Tanya “Joy” Belmonte said in an executive order. “We also want to protect homes, commercial buildings […]
Read more »