Israel’s One Zero Digital Bank Gains Full Licence

Israel’s One Zero Digital Bank Gains Full Licence
Mobileye's CEO Amnon Shashua speaks during a news conference for Mobileye driverless technology at the Nasdaq Market site in New York, on July 20, 2021. Jeenah Moon/Reuters
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JERUSALEM—One Zero Digital Bank has received final regulatory approval for a full banking license, the Bank of Israel said on Monday, becoming the first new Israeli bank in 43 years.

Having gained a restricted license in December 2019, One Zero operated on a trial basis initially but has now met all criteria, including raising the necessary capital.