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Top Open Banking Companies in Israel

The B2B platform for the best purchasing descision. Identify and compare relevant B2B manufacturers, suppliers and retailers

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60 companies for Open Banking in Israel

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Open-Finance.ai's Logo

Open-Finance.ai

Nes Ziona, Israel

B

11-50 Employees

2021

Key takeaway

Open-Finance.ai leverages open banking technology to empower financial institutions and businesses by unlocking the potential of customers' financial data. Their solutions facilitate seamless connections with financial accounts, enabling enhanced financial experiences and insights that drive growth and improve consumer outcomes.

Reference

Core business

Open Finance - Open Banking for everyone

Connect with open banking with ease.

EbankPlatform's Logo

EbankPlatform

Haifa, Israel

B

1-10 Employees

-

Key takeaway

eBankPlatform is well-connected to most European banks, facilitating the opening of IBAN accounts and supporting a variety of currencies. With a commitment to security and compliance, they provide advanced banking services that align with the principles of open banking.

Reference

Core business

Welcome to eBankPlatform - eBankPlatform

iCapital Ltd.'s Logo

iCapital Ltd.

Tel-Aviv, Israel

B

1-10 Employees

2016

Key takeaway

The company provides comprehensive automated solutions that support banks and financial institutions in their digital transformation efforts. With significant investment in digital initiatives, banks are increasingly seeking online platforms to enhance their financial product offerings, which aligns with the principles of Open Banking.

Reference

Product

Banks – iCapital

In the last years banks are undergoing a rapid digital transformation. Banks will spend in 2020 as much as $32B on digital initiatives and online tools development. iCapital is helping banks to bridge the digital gap that hinders the entire financial industry in general, and the banking sector in particular. Our solutions for the retail banking are

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PayMe's Logo

PayMe

Tel-Aviv, Israel

B

11-50 Employees

2014

Key takeaway

PayMe provides white-label technological solutions that empower clients to integrate advanced financial services, including payments and financing, into their offerings. Their APIs enable the creation of seamless payment experiences, making it easier for businesses to compete in the evolving financial technology landscape.

Reference

Core business

PayMe – Embedded Financial Services for Platforms & Marketplaces

Embedded financial ecosystem - Enabling platforms, marketplaces, FinTechs and banks to embed financial offerings into their products

SecuPi's Logo

SecuPi

Ramat Gan, Israel

B

11-50 Employees

2014

Key takeaway

SecuPi specializes in data-centric security and compliance, making it highly relevant for the Open Banking sector. With its advanced monitoring and behavior analytics, SecuPi enhances application privacy compliance and security for financial institutions, ensuring that sensitive data is accessed strictly on a need-to-know basis.

Reference

Product

Banking - SecuPi

Banking applications handling personal information and monetary transactions are often inviting targets and therefore must be highly protected. SecuPi’s unprecedented visibility and prevention capabilities enable financial institutions reach a new level of application privacy compliance and security. Ensuring fine-grained monitoring of sensitive data access and maintaining regulated data exposure on a “need to know” basis. SecuPi serves the second largest financial organization in Europe.

Balance's Logo

Balance

Tel-Aviv, Israel

B

11-50 Employees

2020

Key takeaway

The company, Balance, offers a comprehensive B2B payments processing solution that enhances digital transformation and streamlines payment processes, which could be integral to the evolving landscape of open banking. Their focus on diverse payment options, instant payouts, and reduced processing costs aligns well with the principles of open banking, facilitating seamless financial transactions for businesses.

Reference

Product

Balance | B2B Payments Processor for Wholesalers

Launch your B2B ecommerce sales this year with a B2B payments processor for wholesalers that offers net 30 terms, invoice factoring, and marketplace take rates.

BNC Network's Logo

BNC Network

Herzliya, Israel

B

11-50 Employees

2018

Key takeaway

BNC is developing a comprehensive banking application that integrates with the Blockchain ecosystem, offering innovative payment solutions and cost-effective transaction management. Their app, "Ubanker," aims to enhance the user experience by automating and self-managing various payments, making it relevant to the open banking landscape.

Reference

Core business

Home - BNC

Swiich B.I Core Systems Ltd.'s Logo

Swiich B.I Core Systems Ltd.

Tel-Aviv, Israel

B

11-50 Employees

2019

Key takeaway

Swiich is revolutionizing the digital payments landscape with its innovative open e-Wallet platform, which enables seamless and immediate transactions between e-Wallets, businesses, and service providers. Their cloud-based technology and unique financial model eliminate the need for integration with legacy banking systems, facilitating a comprehensive ecosystem for instant payments across various mediums.

Reference

Core business

Open E-wallet Platform | Swiich

Swiich is creating the Open e-Wallet Eco-System. We provide a unified backbone for e-Wallets and Services Providers to connect.

PayKey's Logo

PayKey

Tel-Aviv, Israel

B

11-50 Employees

2014

Key takeaway

PayKey is revolutionizing the banking experience by integrating embedded banking solutions that address customers' real-time financial needs. Their innovative Salary on Demand and Earned Wage Access solutions provide employees with instant access to earned income, aligning with the principles of Open Banking by enhancing financial accessibility and well-being.

Reference

Core business

PayKey | Embedded Banking Solutions

The PayKey social banking and mobile P2P payment solution: A patent-pending mobile payment keyboard that seamlessly integrates with your banking application and lets users complete a transaction without leaving their social application.

WaBo FinTech's Logo

WaBo FinTech

Mate Asher Regional Council, Israel

B

1-10 Employees

2015

Key takeaway

WaBo FinTech is a peer-to-peer microloans platform focused on providing financial services to the unbanked, utilizing innovative technologies such as blockchain and biometric identification. Their advanced risk management tools, including a unique algorithm that assesses borrower reliability based on behavioral profiling, enhance trust and efficiency in lending.

Reference

Core business

Home | WaBo FinTech


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Information about Open Banking in Israel

When exploring the Open Banking industry in Israel, several key considerations are crucial for understanding the landscape. The regulatory framework is a primary focus, as the Bank of Israel has implemented guidelines to promote innovation while ensuring consumer protection and data security. This regulatory environment encourages collaboration between banks and fintech companies, fostering a dynamic ecosystem. Challenges include the need for robust cybersecurity measures and the management of customer data privacy, which are paramount in maintaining consumer trust. Opportunities abound in Israel's vibrant tech scene, with numerous startups leveraging Open Banking to create innovative financial solutions. The competitive landscape is marked by collaboration among traditional financial institutions and emerging fintech players, which can lead to unique partnerships and product offerings. Additionally, as global interest in Open Banking grows, Israeli companies are well-positioned to expand their services internationally, tapping into the broader market potential. Understanding these factors—regulatory dynamics, cybersecurity, competitive collaborations, and global market relevance—will provide valuable insights for anyone interested in the Open Banking sector in Israel.


Insights about the Open Banking results above

Some interesting numbers and facts about your company results for Open Banking

Country with most fitting companiesIsrael
Amount of fitting manufacturers53
Amount of suitable service providers30
Average amount of employees11-50
Oldest suiting company2014
Youngest suiting company2021

Frequently asked questions (FAQ) about Open Banking Companies

Some interesting questions that has been asked about the results you have just received for Open Banking

Based on our calculations related technologies to Open Banking are Education, Engineering Services, IT & Technology Services, Healthcare Services, Consulting

Start-Ups who are working in Open Banking are Open-Finance.ai

The most represented industries which are working in Open Banking are IT, Software and Services, Finance and Insurance, Other, Consulting, Judiciary

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Open Banking results by various countries

Related categories of Open Banking