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Full coverage· Economy· Updated

Revolut's Israeli Unit Renamed Bank as It Pursues Local License

Revolut's Israeli subsidiary has been renamed Revolut Bank Israel as it seeks a banking license from the Bank of Israel. The company is actively expanding its team in Israel for roles in credit, risk, and operations.

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What happened

  1. 01Revolut's Israeli subsidiary is now named Revolut Bank Israel as it seeks a banking license.
  2. 02The Israeli Companies Registrar approved the name change from Revolut Payments Israel.
  3. 03Revolut has not yet received a banking license from the Bank of Israel.
  4. 04The company recently expanded its hiring in Israel for banking and risk roles.
  5. 05Ori Nathan, former head of Pepper digital bank, leads Revolut's Israeli operations.

The rebranding is a key step towards entering the Israeli banking market, though the license is still pending.

Translated and summarized by baba from NEWSru Israel, the latest report. Read NEWSru Israel’s original

The coverage

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