Israel’s new digital bank set to shake up the banking sector

• “Israel is going to get its first new independent bank for the first time in 43 years. The First Digital Bank has begun a trial run of operations with bank accounts for its employees, with the goal of opening to the public by the end of 2021.
• Israel’s banking sector is dominated by five large banks that control 98% of the market, First Digital Bank said. The banks charge fees for transactions that rank among the highest in the Western world and are the frequent targets of public scorn.”

https://www.google.com/amp/s/m.jpost.com/israel-news/israels-new-digital-bank-set-to-shake-up-the-banking-sector-661949/amp