Financial security

Technology is changing the face of banking

Supervisor of banks Dr. Hedva Ber told the the “Capital Market and Banking” session at the "Globes" Israel Business Conference that technology is changing the face of banking. She said, "The technological and digital revolution that has changed many areas of our lives, has also come to the world of financial services, including the banking industry. Various processes are taking place with great power in the banking and technology fields, and these are expected to have an impact in Israel as well."

She continued, As part of this, bank customers are moving to direct banking and greatly reducing their visits to branches. Direct banking includes the Internet, banking via smartphones (mobile banking), and the increase in the use of ATMs.