Finq was founded in 2019 and has developed an AI-based digital marketplace for investment, pension, and insurance products

Insurance company to become shareholder in Esh with 4.99% holding; investment values the new digital bank at NIS 1.8 billion

The approval marks second time in three years that a new bank will be set up in Israel; plan is for digital bank to offer attractive interest rates and services without commissions

Calcalist reports that Zuk and former Israeli securities regulator Shmuel Hauser will seek institutional investment for new bank and are eyeing a Bank of Israel license