Bank of Israel

Vintage Investment Partners Announces Two New Members of Its Strategic Advisory Board

Retrieved on: 
Tuesday, January 30, 2024
Entrepreneurship, Senior, Presidency of Barack Obama, GBS, National Council, Former, Hadassah Medical Center, Research, Ovarian cancer, Hebrew University of Jerusalem, Bank, Genius, CFA, Bank of Israel, University, LLB, Fidelity, Central Waqf Council, Economics, PGD, P&G, Education, Strauss Group, MIT, Berkshire Partners, Analysis Group, SAB, Bank Leumi, GMO, CDPQ, Finance, Harvard University, Doctor of Philosophy, First Nations in Manitoba, Cincinnati metropolitan area, Defense, IBM Consulting, Bed Bath & Beyond, Teaching, Management

Dr. Haj-Yehia served between 2019-2023 as Executive Group Chairman of Bank Leumi, the largest and oldest bank in Israel.

Key Points: 
  • Dr. Haj-Yehia served between 2019-2023 as Executive Group Chairman of Bank Leumi, the largest and oldest bank in Israel.
  • "I am thrilled to have Samer and Andy join our Strategic Advisory Board.
  • More importantly, both bring unique experience and perspectives to Vintage that we are thrilled to tap", said Alan Feld, Founder and Co-Managing Partner of Vintage.
  • The other members of the Vintage SAB include: Bradley Bloom, Former Chairman and Co-Founder of Berkshire Partners, Mark Dubowitz, CEO, Foundation for the Defense of Democracies, Ambassador S. Fitzgerald Haney, Former U.S.

G30 report, Central Banking and Monetary Policy: Principles and the Way Forward, calls for a shift in approach

Retrieved on: 
Thursday, November 30, 2023
Center for Financial Studies, Way Forward, Policy, Bank of Israel, Bank, Reserve Bank of India, Risk, JPMorgan Chase, Former, Princeton University, Fear, Trustee, Deutsche Bundesbank, Memory, EST, Goethe University Frankfurt, Reserve Bank, G30, Working Group, Group of Thirty, Cryptocurrency, Management

WASHINGTON, Nov. 30, 2023 /PRNewswire-PRWeb/ -- The Group of Thirty (G30) today published Central Banking and Monetary Policy: Principles and the Way Forward. A product of the G30 Working Group on Monetary Policy - chaired by G30 members Jacob Frenkel, Raghuram Rajan, and Axel Weber, the report dissects the causes of the inflationary spike across many economies and the weaknesses in central banking models and approaches that contributed to a delayed response to the price hikes. The authors, including sixteen former or current central bankers and ministers of finance, warn inflation is less predictable today than in the past. They find that central bank frameworks, re-designed for a low inflation world and coupled with a data-driven approach to setting policy, slowed reactions to price rises as they developed. At the same time, existing policy commitments limited room to maneuver, resulting in some advanced economy central banks being behind the curve in their response to inflation. Emerging economies, many with the recent memory of higher inflation, reacted much more decisively.

Key Points: 
  • The Group of Thirty (G30) today published Central Banking and Monetary Policy: Principles and the Way Forward from the G30 Working Group on Monetary Policy.
  • WASHINGTON, Nov. 30, 2023 /PRNewswire-PRWeb/ -- The Group of Thirty (G30) today published Central Banking and Monetary Policy: Principles and the Way Forward.
  • The study calls for a return to a focus on central bank core goals, backed by maintaining central bank operational independence and a humble approach to central banking.
  • To receive a copy of Central Banking and Monetary Policy: Principles and the Way Forward, contact G30 Press Officer Melissa Golding at +1 571-236-2820 or [email protected] .

Money20/20 Announces Launch of Asia Show for April 2024

Retrieved on: 
Tuesday, August 29, 2023
Professional Services, Security, Technology, Insurance, Finance, Fintech, Banking, Learning, Queen Sirikit National Convention Center, Blockchain, Bank for International Settlements, WeLab, Science and technology in Asia, Money, World Bank, Bank of Israel, Rizal Commercial Banking Corporation, Hotbed, Artificial intelligence, Growth, Bank, Rest, Retail

With Asia emerging at the forefront of global fintech innovation, the introduction of Money20/20 Asia is set to accelerate the momentum, connecting fintech communities to drive progress, growth, and success across the region’s financial ecosystem.

Key Points: 
  • With Asia emerging at the forefront of global fintech innovation, the introduction of Money20/20 Asia is set to accelerate the momentum, connecting fintech communities to drive progress, growth, and success across the region’s financial ecosystem.
  • Money20/20 Asia will gather an exceptional lineup of influential speakers, industry experts, and decision-makers to explore the latest trends, technologies, and strategies shaping the future of fintech and financial services.
  • So I’m delighted that we are now officially welcoming Bangkok and the whole of Asia into our global community.
  • “This is the future of fintech and I’m excited to talk more about the insights of empowering customers with personalized solutions at Money 20/20 Asia.”

For the First Time The Tel Aviv Stock Exchange (TASE) Regulates Crypto Trading: Non-Banking Members will Allow their Customers to Transact in Cryptocurrency

Retrieved on: 
Monday, February 27, 2023
Crypto, Financial services, Bank of Israel, State, Digital asset, Ministry, NBM Publishing, European, Tel Aviv Stock Exchange, NYDFS, FATF, Capital Markets Authority of Kenya, BitLicense, NBM, Financial Action Task Force, New York State Department of Financial Services, South Korean International Monetary Fund Agreement, 1997, TEL, Ministry of Finance (Israel), Policy, Bank, Chief economist, Capital market, International Monetary Fund, Israel Securities Authority, NIS, TASE, Fiat, Cryptocurrency

TEL AVIV, Israel, Feb. 27, 2023 /PRNewswire/ -- The Tel-Aviv Stock Exchange (TASE: TASE) publishes today a draft for public comments for approval of the expansion of the authorized activities of Non-Banking Members (NBMs) to include trading in Cryptocurrency.

Key Points: 
  • The Cryptocurrency market has experienced turmoils over the past year, which have brought material changes in Crypto activity, as more regulated institutions take part in this activity.
  • This requires regulation that will mitigate the various risks (operational, legal, cyber and other) that are inherent in Cryptocurrency activity.
  • Within this framework, TASE proposes an amendment to the TASE Rules that will permit NBMs to allow their customers to transact in Cryptocurrency.
  • Upon receipt of comments from the public, the proposal will be submitted for approval by the TASE Board of Directors.

Mark Carney Appointed Chair of the Group of Thirty, Tharman Shanmugaratnam Appointed Chairman of the Board of Trustees, Jacob Frenkel Becomes Chairman Emeritus

Retrieved on: 
Thursday, December 1, 2022
G30, Bank of Israel, Brookfield Asset Management, Former, Group of Thirty, Private sector, Bank of Canada, Development, Bank, Research, JPMorgan Chase, Management, Renewable energy, Trustee

New York, Dec. 1, 2022 /PRNewswire-PRWeb/ -- The Group of Thirty (G30) today announced the succession of its leadership. Mark Carney, Chair of Brookfield Asset Management and former Governor of the Bank of England and Bank of Canada, will become Chair of the Group of Thirty. Tharman Shanmugaratnam, Senior Minister and former Deputy Prime Minister of Singapore, upon completing his five-year term as Chairman of the Group of Thirty, will be appointed Chairman of the Board of Trustees. Both terms will run for five years. Jacob A. Frenkel, Former Chairman of JPMorgan Chase International and former Governor of the Bank of Israel, after serving as Chairman of the Board of Trustees from 2012-2022 and previously as Chairman of the Group of Thirty from 2000-2011, will become Chairman Emeritus. All of these changes will take effect on January 1, 2023.

Key Points: 
  • Mark Carney, Chair of Brookfield Asset Management and former Governor of the Bank of England and Bank of Canada, will become Chair of the Group of Thirty.
  • Tharman Shanmugaratnam, Senior Minister and former Deputy Prime Minister of Singapore, upon completing his five-year term as Chairman of the Group of Thirty, will be appointed Chairman of the Board of Trustees.
  • It is with great pleasure that the Group of Thirty's Board of Trustees has appointed Mark Carney to succeed Tharman as Chair of the Group.
  • He added: "I would like to thank and salute Jacob Frenkel and Tharman Shanmugaratnam, who have led the Group with such distinction, insight, and aplomb."

"ASTANA CLUB" HELD IN PARIS DURING PRESIDENT OF KAZAKHSTAN VISIT TO FRANCE

Retrieved on: 
Thursday, December 1, 2022
Bank of Israel, Republic, FSB, Climate change, Partnership, Bank, Group of Thirty, Policy, Frankopan family, University of Oxford, Financial Stability Board, Institute of World Economics and Politics, Astana Club, Economics, Politics, Uncertainty, Finance, Drug, Cereal, EU

NUR-SULTAN, Kazakhstan, Dec. 1, 2022 /PRNewswire/ -- On November 29, President of the Republic of Kazakhstan Kassym-Jomart Tokayev paid a historic visit to France and held a meeting with his French counterpart Emmanuel Macron.

Key Points: 
  • NUR-SULTAN, Kazakhstan, Dec. 1, 2022 /PRNewswire/ -- On November 29, President of the Republic of Kazakhstan Kassym-Jomart Tokayev paid a historic visit to France and held a meeting with his French counterpart Emmanuel Macron.
  • On the same day, the meeting of the Astana Club, organized in support of the President's visit, was held in Paris.
  • The meeting was dedicated to the topic "Greater Eurasia: building dialogue in the age of uncertainty".
  • All participants of the conference specially noted the high importance and timeliness of the visit of the President of Kazakhstan to France at this political moment.

"ASTANA CLUB" HELD IN PARIS DURING PRESIDENT OF KAZAKHSTAN VISIT TO FRANCE

Retrieved on: 
Thursday, December 1, 2022
Bank of Israel, Republic, FSB, Climate change, Partnership, Bank, Group of Thirty, Policy, Frankopan family, University of Oxford, Financial Stability Board, Institute of World Economics and Politics, Astana Club, Economics, Politics, Uncertainty, Finance, Drug, Cereal, EU

NUR-SULTAN, Kazakhstan, Dec. 1, 2022 /PRNewswire/ -- On November 29, President of the Republic of Kazakhstan Kassym-Jomart Tokayev paid a historic visit to France and held a meeting with his French counterpart Emmanuel Macron.

Key Points: 
  • NUR-SULTAN, Kazakhstan, Dec. 1, 2022 /PRNewswire/ -- On November 29, President of the Republic of Kazakhstan Kassym-Jomart Tokayev paid a historic visit to France and held a meeting with his French counterpart Emmanuel Macron.
  • On the same day, the meeting of the Astana Club, organized in support of the President's visit, was held in Paris.
  • The meeting was dedicated to the topic "Greater Eurasia: building dialogue in the age of uncertainty".
  • All participants of the conference specially noted the high importance and timeliness of the visit of the President of Kazakhstan to France at this political moment.

Team8 collaborates with Money20/20 to showcase Israeli fintech innovation

Retrieved on: 
Thursday, November 3, 2022
Finance, Professional Services, Other Technology, Technology, Fintech, EToro, World Tour, Start-up Nation, Greylock Partners, HQ, Multimedia, Industry, Solution, Bank, Group, Bank of Israel, VCS, Science and technology in Asia, Hotbed, Technology, Partner (business rank), Ecosystem, Financial technology, Cryptocurrency, Public relations

The delegation will be in Israel for the global fintech show, Money20/20 s debut visit to Tel Aviv.

Key Points: 
  • The delegation will be in Israel for the global fintech show, Money20/20 s debut visit to Tel Aviv.
  • For example, on November 7th, industry experts will discuss Israels credentials as a hotbed for fintech innovation during the sold out World Tour session Unleashing Fintech in the Startup Nation .
  • Team8 Managing Partner Rakefet Russak-Aminoach, said: Money20/20s visit to Tel Aviv represents a major milestone for Israels thriving fintech community.
  • Despite challenging market conditions, Israel remains a center of excellence for fintech innovation, defined by resilient teams and solutions tailored to evolving market trends.

Project "Eden" Kicks Off: For the First Time in Israel - The Ministry of Finance and The Tel Aviv Stock Exchange (TASE) Prepare for the Issuance of government Bonds on a Blockchain Platform

Retrieved on: 
Wednesday, October 19, 2022
Ethereum, Insurance, Australian Securities Exchange, ASX, DLT, Policy, POC, Tel Aviv Stock Exchange, Central bank digital currency, Bank, CISO-FM, Love, TASE, Technology, Senior, Accountant, CBDC, Digital currency, CEO, Nature, State, MPC, Distributed ledger, Central bank, Finance Division, Environment, TEL, Ministry, Solidity, CTO, Federal Ministry of Finance (Germany), Bank of Israel, VMware, Cryptocurrency, Risk management, Blockchain

TEL AVIV, Israel, Oct. 19, 2022 /PRNewswire/ -- The Accountant General, through the Debt Unit in the Financing Division, and The Tel Aviv Stock Exchange Ltd (TASE: TASE), are examining the application of the issuance of digital government bonds on a Blockchain infrastructure. The two have recently established a joint team to perform a Proof of Concept (PoC) of the clearing of digital bonds of the State of Israel on a new platform for the trading and clearing of digital assets. The new platform is based on innovative technologies - Blockchain (Distributed Ledger Technology - DLT), Smart Contracts and Tokenization.

Key Points: 
  • The new platform is based on innovative technologies - Blockchain (Distributed Ledger Technology - DLT), Smart Contracts and Tokenization.
  • The implementation of the advanced technologies will reduce costs, shorten the duration of issuance and clearing of government bonds, improve transparency, streamline processes and mitigate risks.
  • The PoC will include the digitalization of a new series of bonds and its issuance to the system participants.
  • Fireblocks is honored to work with the Israel Ministry of Finance, the Tel Aviv Stock Exchange, and VMware to develop the first digital state bond in Israel.

ONE ZERO Digital Bank Chooses AU10TIX to Power its Customer Verification System and KYC (Know Your Customer) Process

Retrieved on: 
Monday, May 16, 2022
Neobank, PayPal, IDS, Fraud, NEW, TEL, Multimedia, Uber, Bank, ICTS International, ZERO, Bank of Israel, Privacy, COVID-19, Trust, Artificial intelligence, CTO, Saxo Bank, Digital banking, Knowledge, Compliance, AU10TIX, Safety, Banking in Israel, EToro, Intelligence, Growth, KYC, OTCQB, CEO, Mobile phone, Security printing, Cryptocurrency, Online shopping, Google, Mobileye, Payoneer, Nordea, Fiverr

TEL AVIV, Israel and NEW YORK, May 16, 2022 /PRNewswire/ -- ONE ZERO Digital Bank is proud to announce it has chosen AU10TIX to power its customer verification system and KYC (Know Your Customer) platform.

Key Points: 
  • TEL AVIV, Israel and NEW YORK, May 16, 2022 /PRNewswire/ -- ONE ZERO Digital Bank is proud to announce it has chosen AU10TIX to power its customer verification system and KYC (Know Your Customer) platform.
  • The Bank of Israel, Israel's central bank, gave ONE ZERO Digital Bank its stamp of approval to use AU10TIX's technology.
  • Amichai Levy, CTO of ONE ZERO Digital Bank, says, "The relationship between bank and customer is based on trust and security.
  • Thanks to AU10TIX, ONE ZERO Digital Bank can ensure our customers a secure means of identity verification with zero human intervention."