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The Bank of Israel is green lighting a new digitalbank — the country’s first new financial institution in decades. The digitalbank is led by entrepreneurs Marius Nacht of cyber security company Check Point Software Technologies , and Amnon Shashua of autonomous driving developer Mobileye NV.
Reuters , citing the companies, reported proceeds from the investment will be used for Tink to expand its team, develop new products and connect more banks. million in a round that included Insight Venture Partners and the venture capital arms of banks Nordea and ABN Amro Group NV. In February Tink raised $62.7
Upstream Security wants to leverage the software market to protect vehicles from cyber-carjacking. In other news, The Bank of Israel announced the launch last month of its first new financial institution in decades.
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