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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
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.
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
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
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
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
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.
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
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
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
Technologies which have been searched by others and may be interesting for you:
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.
Some interesting numbers and facts about your company results for Open Banking
Country with most fitting companies | Israel |
Amount of fitting manufacturers | 53 |
Amount of suitable service providers | 30 |
Average amount of employees | 11-50 |
Oldest suiting company | 2014 |
Youngest suiting company | 2021 |
Some interesting questions that has been asked about the results you have just received for Open Banking
What are related technologies to Open Banking?
Based on our calculations related technologies to Open Banking are Education, Engineering Services, IT & Technology Services, Healthcare Services, Consulting
Who are Start-Ups in the field of Open Banking?
Start-Ups who are working in Open Banking are Open-Finance.ai
Which industries are mostly working on Open Banking?
The most represented industries which are working in Open Banking are IT, Software and Services, Finance and Insurance, Other, Consulting, Judiciary
How does ensun find these Open Banking Companies?
ensun uses an advanced search and ranking system capable of sifting through millions of companies and hundreds of millions of products and services to identify suitable matches. This is achieved by leveraging cutting-edge technologies, including Artificial Intelligence.