Daniel Orkan

This week at the בנק ישראל Bank of Israel we issued yet another “code identifier” to a non-bank entity, 019Mobile, enabling it to connect to Israel’s supervised financial market infrastructures (#FMIs). Their new code is 79. It is the eighteenth code we issued in the last four years. 019 is the first company in the telecommunications space to obtain such a code in Israel. A “code identifier”, formerly known in Israel as a “bank code,” is similar to “sort codes” in the UK or “routing numbers” in the US. Traditionally these codes were reserved for banks. By issuing them to non-banks we are making our national financial infrastructure accessible to a wider variety of entities and thus taking steps to increase competition in the financial sector. Our team members who contributed to the effort include Noa Sheshinski Lavi , Yael Lilienthal, Alona Levi. First article on this topic: https://lnkd.in/dCti-pVc Second article:

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Join Nati Cohen and Me for an interesting talk about Amazon CloudFront where We will talk about the 888 story of using AWS components, caching and the new KVS introduced just lately

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🎉 Celebrating 5 Years at Ogen! 🎉 These days, I am proud to mark five incredible years with Ogen. During this time, I've had the privilege of being part of our organization’s rapid growth and its pivotal role in addressing two major crises in Israel - the Covid-19 pandemic and the ongoing war. Here are some key achievements we've accomplished together: Major Technology Breakthroughs: From manual paperwork in 2019, we have undergone an impressive digital transformation. Launched online loan requests, integrated open banking, connected with Israel's credit bureau, implemented digital underwriting, and established a full omni-channel experience. Enhanced our cyber-security platform, developed an AML system, integrated a KYC system, and completed many more technology projects. Unique Financial Innovation: Transitioned from a donation-based non-profit to an innovative financial organization. Secured credit from banks, raised funds from provident and pension funds, attracted deposits from impact investors, and are now exploring the issuance of commercial papers. Substantial M&A Activities: Merged Keren Shemesh into our group. Established Spark IL and Ment-Or in collaboration with the Jewish Agency. Despite numerous challenges, all three projects are now successful and have made a significant impact in Israel. Reflecting on these past five years at Ogen, I feel immense satisfaction and pride in our collective achievements. Here's to continued growth and impact in the years ahead! 🚀 #Anniversary #Milestone #Proud #Ogen #Innovation #Technology #Finance #Impact

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What defines a “game changer?” 🏃 Here at Playtika, it’s about daring to challenge the status quo. We were honored to host the GAME CHANGER track as part of the “Globes Business Conference” – bringing the top players behind the Israeli innovations driving change on a global scale 🌍 A big thank you to everyone who joined us to hear from our very own SVP Marketing, Laura Keren 🎗️, on how “good creative is still the best way to drive awareness”, among other groundbreaking Israeli leaders & companies. Together, we’re redefining what it means to lead the way. Read more here: https://lnkd.in/d9kmxenx

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Altenar plans to take live betting to a new level by partnering with micro-betting provider Kero Gaming aka Kero Sports. This means that Altenar is the first sportsbook platform provider to take Kero's micro-betting technology on board. Antonis Karakousis, Director of Operations at Altenar, said: “Micro-betting is the future of sports betting, but it requires robust and sophisticated technology, well-architected frameworks, and rock-solid processes to overcome the challenges. This is why we chose Kero; we are confident it will best serve customers' local needs and optimise its potential.” CEO of Kero Gaming, Tomash Devenishek, said: "Altenar is a dynamic force in the gaming industry, renowned for their expansive and happy global customer base. We are thrilled to be partnering with such a distinguished company. At Kero, we are committed to pushing the boundaries of innovation and delivering the best in-game micro-market experiences. Altenar's top-tier sportsbook platform makes them the ideal partner to help propel our global growth and continue our tradition of excellence." Here's the full article > https://lnkd.in/ebei8tH6 #sportsbook #software #igaming #technology #platform #partnership #kerosports

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𝗜𝘀𝗿𝗮𝗲𝗹𝗶 𝗧𝗲𝗰𝗵—𝗕𝗿𝗶𝗻𝗴 𝗶𝘁 𝗢𝗻! So excited to share that Bank Leumi has announced the launch of a $𝟳𝟳𝗠 𝗳𝘂𝗻𝗱 with the aim of financing hi tech companies. Something special is happening in Israeli tech! We believe that amazing opportunities are emerging everyday and we look forward to what this chapter will look like together with our clients and partners. Our teams are finalizing the details of the plan, so stay tuned for our kickoff. LeumiTech, Bank Leumi בנק לאומי #DemoDay2024 #TechGrowth  #TechInvest2024  #StartupSuccess 

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Appcharge, a Tel Aviv-based platform enabling gaming app developers to sell virtual goods directly to players while bypassing app stores, raised $26M in Series A funding at a $100M valuation. The round was led by Creandum, with participation from Supercell, Bitkraft Ventures, Moneta Ventures, Play Ventures, and Glilot Capital. Founded by CEO Maor Sason, Appcharge offers mobile game publishers tools to build branded web stores and optimize player retention with gamified and AI-driven monetization features. The funds will support its expansion and development efforts. Learn More: https://lnkd.in/gS4t9fZZ INVESTORS: Creandum, Supercell, Bikcraft Ventures, Moneta Ventures, Play Ventures & Glilot Capital ROUND: Series A AMOUNT: $26,000,000 VALUATION: $100,000,000 HQ: #TelAviv #Israel #VentureCapital #Appcharge #MaorSason #Creandum #Supercell #BikcraftVentures #MonetaVentures #PlayVentures #GlilotCapital #TradedVC

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🎉 BIG News! 🎉 Kima has been featured on one of the most prestigious financial outlets, Investing.com, as one of the selected startups for the Bank of Israel's Digital Shekel Challenge! 🏦🚀 This recognition highlights our dedication to innovation and our role in shaping the future of digital finance. 🔥💪 What is the initiative about? And who else is on the list? 👀 👩‍💻Check it out in this article: https://lnkd.in/eDe-4qBi

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✅ Several years in the making, the Israeli Payments Licensing Reform is finally here, and it is expected to have a significant impact on the local payment market ✅ The newly enacted Regulation of the Provision of Payment Services and the Initiation of Payments Law aims to regulate non-banking entities providing payment services and payment initiation in the Israeli market. This reform, effective today - June 6, 2024, is based on the principles of the European Payment System Directive, aligning Israel's regulatory landscape with global standards  The reform introduces a dedicated and tailored framework for payment companies' regulatory supervision. Its goals are to encourage competition in the payment services market, provide a favorable operating environment for Fintech companies, and establish various protections to safeguard customer funds. Notably, the reform expands licensing and supervision obligations to additional companies whose activities did not previously require a license. It also promotes the introduction of various payment services and customer fund safeguarding mechanisms. We have prepared an article providing an overview of this reform's implications. The article describes the types of companies affected and the timeline for transition periods. #Israel Securities Authority#ISA #Payments#Fintech#PaymentsMoney #Israel https://lnkd.in/dYza_FvN

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In the dynamic world of innovation, certain voices shine brightly, guiding us toward future growth and advancement. Dovi Frances, as a prominent thought leader, recently shared intriguing insights about the potential that lies within Israel's burgeoning startup ecosystem. His assertion about the emergence of a trillion-dollar company from Israel resonates deeply with those attuned to the pulse of global innovation.Reflecting on Dovi's perspective, it's clear that Israel is not just a nation, but a thriving nexus of creativity and technological advancements. It's a testament to the exceptional talent and visionary entrepreneurs driving forward ideas that could transform industries across the globe.Engaging with such thought leadership not only inspires but also challenges us to think differently about the capabilities within our own ecosystems. As we stand on the brink of unprecedented technological evolution, the call to double down on places like Israel should indeed be heard far and wide.Let's continue to explore, invest, and support the potentials that trailblazers like Dovi identify, ensuring that innovation knows no boundaries.

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I had the pleasure of being interviewed on Tel Aviv Radio (102 FM) for Teacher’s Day, where I shared how we at StudyWise.io are helping teachers streamline their work and empower students. We discussed how our platform leverages cutting-edge AI to assist in creating personalized exams, automating grading, and giving teachers more time to focus on what truly matters, teaching and student development. I'm thrilled to contribute to a future where education is more innovative and efficient, and I'm proud of the difference we're making in teachers' day-to-day lives. Link to the full interview in the first comment. #TeachersDay #EdTech #AI #Education #StudyWise

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Introducing FNBY: Finberry's Embedded Trading Platform 🎥 In this short video (in Hebrew), we present #FNBY — our embedded trading platform designed to bring seamless trading experiences directly to your fingertips. With #FNBY, you can explore opportunities, make informed decisions, and trade—all within one intuitive platform. 💡 Watch the video to see how #FNBY simplifies trading for everyone. #Finberry #FNBY #SimpleTrading #FinanceSimplified

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A recent conference focused on progressive reforms that we led in Israeli payment regulation. As a keynote speaker I presented the בנק ישראל Bank of Israel’s policies on this topic, as well as some practical perspectives on how new market entrants may leverage the new regulations to grow their business. This article in Hebrew describes some of the key messages. #paytech #fintech Firon Law Firm KPMG Oded Ofek Ben Benacot Natalie Mattan 🎗

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🚀 Proud to announce that Kima, led by our CEO Eitan Katz recently took part in the Bank of Israel’s Digital Shekel Challenge! And while we didn’t clinch the top spot  (cue dramatic music), we had an amazing time showcasing what we believe is a game-changer: P2P Delivery vs. Payment (DvP) with NO smart contracts. 🎉 Imagine seamless, secure, peer-to-peer transactions that instantly swap RWAs with CBDCs and fiat currency—no middlemen, no smart contracts, no vulnerabilities. That’s Kima’s approach, and it’s redefining cross-ecosystem payments! Big thanks to the Bank of Israel team, Yoav Soffer, Amir Moshe for putting on this challenge and giving us the chance to show what Kima’s secure interoperability protocol can really do. Here’s to more innovation and fewer smart contracts! 💪✨ https://lnkd.in/dP-5Zw9W #DigitalShekelChallenge #KimaFinance #Innovation #DvP #RWA

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Free POS installment-  fast, easy, simple , no customer onboarding and no technology hassle. Yes, it is possible! Actually, it I already working! Almost 100% of the Israeli use it (compare to Time magazine claim that 42% of American consumers have used it at least once) Originating in the Israeli market, this installment payment model has been available for decades, offering customers the flexibility to choose even 12 free installments (=months). But how does it operate, and why the Israeli solution generates the highest market efficiency? The customer journey is straightforward: at the checkout, whether in a local neighborhood supermarket or elsewhere, the cashier prompts the customer to consider splitting the payment. After the customer selects the desired number of installments – 2,4, and so forth - the cashier processes the transaction, and the customer enjoys interest-free installments. Behind the scenes, the merchant initiates the transaction by capturing the full transaction amount from the credit card balance, akin to a J5 transaction. However, the merchant only receives the relevant installment. Likewise, when the card issuer bills the customer, it charges solely the relevant installment, thus incrementally releasing the balance held for the transaction until all installments are completed. While merchants typically opt to accept only the relevant installment, those desiring immediate payment can leverage a factoring company, for a relatively modest discount rate, facilitates upfront crediting of the full transaction amount to the merchant, with the factoring company subsequently entitled to receive future payments. What renders this solution supremely efficient? 1  Minimal customer acquisition/onboarding costs: any customer can elect to split payments using any Israeli credit card. 2  Economy of scale favor merchants seeking to expedite future payments, resulting in markedly lower discount rates compared to consumer credit rate. 3  The risk assumed by factoring companies is nearly negligible. These entities advance payments to merchants without extending credit directly to consumers, thus holding an asset against which provisioning may not even be requisite. This minimal risk translates into substantially low discount rates. So, without intending to, the Israeli payment market has advanced the global BNPL while creating the highest market efficiency, so that the entity which can obtain the lowest credit cost is the one that barging for it. It's a win-win-win scenario: merchants amplify their purchasing power and sales, acquirers (often doubling as factoring providers) reap greater rewards than mere acquiring fees, and customers relish the benefits of free credit. While one might ponder who stands to lose, it appears that issuers bear the brunt, foregoing opportunities to market expensive consumer credit to consumers…

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𝐀𝐧 𝐚𝐫𝐜𝐡𝐢𝐭𝐞𝐜𝐭 𝐰𝐚𝐬 𝐯𝐢𝐬𝐢𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐩𝐫𝐨𝐣𝐞𝐜𝐭 𝐬𝐢𝐭𝐞 𝐚𝐧𝐝 𝐥𝐨𝐯𝐞𝐝 𝐭𝐨 𝐢𝐧𝐭𝐞𝐫𝐚𝐜𝐭 𝐰𝐢𝐭𝐡 𝐭𝐡𝐨𝐬𝐞 𝐝𝐨𝐢𝐧𝐠 𝐭𝐡𝐞 𝐰𝐨𝐫𝐤 𝐚𝐧𝐝 𝐚𝐩𝐩𝐫𝐨𝐚𝐜𝐡𝐞𝐝 𝐭𝐡𝐫𝐞𝐞 𝐛𝐫𝐢𝐜𝐤𝐥𝐚𝐲𝐞𝐫𝐬. 𝐇𝐞 𝐚𝐬𝐤𝐞𝐝 𝐭𝐡𝐞𝐦 𝐞𝐚𝐜𝐡 𝐢𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥𝐥𝐲, “𝐰𝐡𝐚𝐭 𝐚𝐫𝐞 𝐲𝐨𝐮 𝐝𝐨𝐢𝐧𝐠?" 𝐓𝐡𝐞 𝐟𝐢𝐫𝐬𝐭 𝐛𝐫𝐢𝐜𝐤𝐥𝐚𝐲𝐞𝐫 𝐫𝐞𝐩𝐥𝐢𝐞𝐝, “𝐈’𝐦 𝐰𝐨𝐫𝐤𝐢𝐧𝐠 𝐡𝐚𝐫𝐝 𝐭𝐨 𝐥𝐚𝐲 𝐛𝐫𝐢𝐜𝐤𝐬 𝐭𝐨 𝐞𝐚𝐫𝐧 𝐦𝐨𝐧𝐞𝐲 𝐬𝐨 𝐈 𝐜𝐚𝐧 𝐟𝐞𝐞𝐝 𝐦𝐲 𝐟𝐚𝐦𝐢𝐥𝐲.” 𝐓𝐡𝐞 𝐦𝐚𝐧 𝐬𝐞𝐞𝐦𝐞𝐝 𝐭𝐢𝐫𝐞𝐝 𝐚𝐧𝐝 𝐰𝐚𝐬𝐧’𝐭 𝐚𝐬 𝐟𝐚𝐫 𝐚𝐥𝐨𝐧𝐠 𝐰𝐢𝐭𝐡 𝐡𝐢𝐬 𝐰𝐨𝐫𝐤 𝐚𝐬 𝐭𝐡𝐞 𝐨𝐭𝐡𝐞𝐫𝐬. 𝐓𝐡𝐞 𝐬𝐞𝐜𝐨𝐧𝐝 𝐛𝐫𝐢𝐜𝐤𝐥𝐚𝐲𝐞𝐫 𝐬𝐚𝐲𝐬, “𝐈’𝐦 𝐚 𝐛𝐮𝐢𝐥𝐝𝐞𝐫. 𝐈’𝐦 𝐛𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐚 𝐬𝐭𝐫𝐨𝐧𝐠 𝐰𝐚𝐥𝐥 𝐟𝐨𝐫 𝐭𝐡𝐢𝐬 𝐛𝐮𝐢𝐥𝐝𝐢𝐧𝐠.” 𝐓𝐡𝐞 𝐭𝐡𝐢𝐫𝐝 𝐛𝐫𝐢𝐜𝐤𝐥𝐚𝐲𝐞𝐫 𝐭𝐨𝐨𝐤 𝐚 𝐦𝐨𝐦𝐞𝐧𝐭. 𝐇𝐞 𝐬𝐭𝐞𝐩𝐩𝐞𝐝 𝐛𝐚𝐜𝐤 𝐚𝐧𝐝 𝐥𝐨𝐨𝐤𝐞𝐝 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐬𝐤𝐲 𝐚𝐧𝐝 𝐬𝐚𝐢𝐝, "𝐒𝐢𝐫, 𝐈 𝐠𝐞𝐭 𝐭𝐨 𝐛𝐮𝐢𝐥𝐝 𝐚 𝐜𝐚𝐭𝐡𝐞𝐝𝐫𝐚𝐥." "You didn't take this route a few years ago," my colleague began, "and you had amazing success." "Why," he continued, "would you change course now?" "This isn't the same company," I began, "there are different variables. Different chess board." "James, I understand this company is different," he replied, "but it was proven success." "I get it," I said, "but I have learned from the mistakes I made at my previous company. I have no intention of repeating those mistakes." "So you're afraid," he pushed, "you know what needs to happen. The biggest mistake you can make is not doing what you know needs to happen." He wasn't entirely wrong. If I don't do what I know needs to happen to make Connects a better business, then I have failed everyone I work for every day. But reluctance is not fear nor is measured strategy. As the leader of this company, I take my responsibility to the employees, volunteers, and community very seriously. If you only look at our balance sheet, you might be critical. Shrinking assets. Negative revenue. That isn't what I see. I see a developing roster of employees. I see new programs launching and concepts being tested. I see excitement where there was apathy. I see a new mission literally on our backs. 𝐂𝐎𝐍𝐍𝐄𝐂𝐓 𝐭𝐨 𝐭𝐡𝐞 𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲. 𝐀𝐂𝐓𝐈𝐕𝐀𝐓𝐄 𝐩𝐨𝐬𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐢𝐞𝐬. 𝐃𝐄𝐋𝐈𝐕𝐄𝐑 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐟𝐫𝐞𝐞𝐝𝐨𝐦. I see growth in production. I see proactive branch leaders trying new approaches. I see a new department improving month after month. I see a leader with no industry experience breathing new life into sales. I see our mission moving from a piece of paper pinned to a wall to something we live every day. I see where we're going so I am much less interested in where we have been. We are building a cathedral. It's Thursday... LET'S GO! #letsgo #thursdaymotivation

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The Israel Mobile Summit is right around the corner... Join me & Ilai Bauch on a 360° holistic monetization journey that focuses on players’ experience. We will share how we attained the keys to success through strategic planning, optimization, and segmentation and give you a sneak peek into the future of Monetization. Playtika Mobile Summits Ofir Leitner 🔜 Israel Mobile Summit

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As a founder at Dodo Payments, I’ve always believed that seamless user experiences start with meticulous testing. Before any merchant goes live, they must be confident that their payment setup is rock-solid. That’s why we’ve made test transactions incredibly simple. Using dummy card details, merchants can simulate both successful and failed transactions to ensure every edge case is covered. This feature isn’t just about avoiding hiccups, it’s about empowering businesses to launch with confidence, knowing their payment system is reliable from day one. At Dodo Payments, we obsess over making life easier for our users so they can focus on what truly matters which is growing their business. Check out this quick video to see how we’re simplifying the pre-live testing process for our merchants. Rishabh Goel Deep Doshi

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We're excited to introduce Nadav Kaduri, a talented #BI Developer who joined iprosis six months ago. Fresh out of Ben-Gurion University of the Negev with a Computer Science degree, Nadav shares his insights on starting a career in the data field. Why BI Development? Nadav was drawn to this role for its unique blend of technology and data. "It's the perfect mix", he explains. "You get to dive deep into data and work on both backend and frontend development, from building ETL processes and data models to implementing complex dashboards". Tips for Aspiring BI Professionals: 1. Master Data Lifecycle: Start from ETL processes and data modeling, through database structures and SQL querying to data visualization concepts and BI tools. 2. Programming Skills: If you don’t familiar with any kind of programming language – start learning one. It will help you develop custom solutions, optimize workflows, and troubleshoot issues more effectively. 3. Enhance Communication Skills: Strong interpersonal skills are crucial. You’ll need to collaborate with internal teams and external clients to understand their needs, present insights, and ensure BI solutions meet business goals. Nadav's journey at iprosis showcases the exciting opportunities in the BI field. Are you considering a career in Business Intelligence? Share your thoughts or questions below!

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