Client updates / fintech

New Regulations Exempt Credit and Financial Service Providers from License Requirement

6 November 2022 / Barnea

To make it easier for fintech companies to operate in Israel, the Knesset Finance Committee has passed regulations to exempt several types of credit providers and financial service providers from a licensing duty.

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Categories: FinTech | Regulation

Fintech Companies: New Program to Facilitate Regulatory Reliefs

9 July 2020 / Barnea

Although Israel is a world leader in the fintech field, companies operating in this area face many regulatory challenges. A newly published legal memorandum aims to enable the creation of a “sandbox”, with inspiration from various programs already implemented in Japan, Australia, and Singapore. The goal is to establish a unique experimental environment, a “regulatory sandbox,” where regulatory relief is granted to companies who choose to participate in the program.

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Client updates / fintech