Revolut Begins Hiring in Israel After Securing Conditional Banking License
Translated & summarized from Mignews by baba
British fintech firm Revolut has begun a significant hiring drive in Israel after receiving a conditional banking license from the Bank of Israel. The company is seeking specialists in regulation, risk management, cybersecurity, and anti-fraud, aiming to attract both experienced and new professionals. Revolut's entry is expected to increase competition for talent within Israel's traditional banking sector, which is already undergoing restructuring.
The story in 6 lines · by baba
- Revolut is actively hiring in Israel after obtaining a conditional banking license from the Bank of Israel.
- The company has posted about ten job openings for specialists in regulation, risk management, cybersecurity, and anti-fraud.
- Revolut aims to attract both experienced banking professionals and young talent in Israel.
- The fintech giant's expansion into Israel includes preparations for corporate business, not just retail services.
- Revolut can offer more flexible compensation, including stock options, due to fewer regulatory restrictions.
- Israeli banks acknowledge increased competition for skilled employees and are preparing to protect their workforce.
British financial technology company Revolut is actively recruiting staff in Israel following the acquisition of a conditional banking license from the Bank of Israel. The company has posted approximately ten job openings on its official website for various roles, including specialists in regulation, risk management, cybersecurity, and anti-fraud.
Revolut aims to attract both experienced banking professionals familiar with Israel's financial system and emerging talent. According to the business publication Globes, the company's preparations extend beyond retail services to encompass corporate business.
Industry experts note that the entry of a major digital player is already prompting a response from Israel's traditional financial sector. Local banks have recently undergone significant internal reorganizations and staff optimizations, which indirectly eases the recruitment of qualified specialists for new entrants. Revolut is not subject to the stringent salary restrictions imposed on traditional banks, allowing it to offer more flexible compensation packages, including stock options in the rapidly growing international firm.
Representatives from the banking sector have acknowledged the escalating competition for skilled employees. One market participant expressed concern, stating, "Perhaps we will have to fight to keep our jobs," highlighting the financial institutions' readiness to protect their workforce.