{"id":2325,"date":"2023-05-24T07:17:20","date_gmt":"2023-05-24T07:17:20","guid":{"rendered":"https:\/\/innovationisrael.org.il\/en\/?post_type=kol_kore&p=2325"},"modified":"2023-05-24T07:20:43","modified_gmt":"2023-05-24T07:20:43","slug":"fintech-pilot-program-call-for-applications","status":"publish","type":"kol_kore","link":"https:\/\/innovationisrael.org.il\/en\/kol_kore\/fintech-pilot-program-call-for-applications\/","title":{"rendered":"Fintech Pilot Program – Call for Applications"},"content":{"rendered":"\n
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Participating Agencies<\/h2>\n\n\n
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Israel Innovation Authority<\/div> <\/div> <\/div>\n
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Israel Securities Authority<\/div> <\/div> <\/div>\n <\/div>\n\n\n

Summary<\/h2>\n\n\n\n

The Innovation Authority and the ISA invite you to submit applications for a pilot  in Israel and abroad. Assistance will include access to public MAGNA (Electronic Public Disclosure System) reports’ database of the ISA and to the Tel Aviv Stock Exchange trading database (hereinafter: “The TASE”). The program will also include professional guidance from the ISA’s staff, as well as financial support. Submission through Benefit Track # 2 (sub track 11). Likewise, we invite you, financial institutions who would like to be approached as potential pilot sites for Fintech companies, to contact us and examine register as a potential pilot site.<\/p>\n\n\n\n

Program Description<\/h2>\n\n\n\n

This call is for Israeli technology companies who would like to conduct a pilot in the Fintech industry. The demonstration sites will be established and operated at the offices of the ISA, at the financial institution offices or at the Fintech company’s offices.<\/p>\n\n\n\n

Preferred Challenges for this Pilot Program<\/strong>:<\/p>\n\n\n\n

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  1. Examining the benefits attributed to new and advanced technologies, including DLT, for the development of capital markets, and in particular in the context of developing trading platforms, clearing and settling and stock exchange infrastructure.<\/li>\n\n\n\n
  2. Expanding public access to financial information services and innovative products based on financial data and payment initiation services thorough open APIs.<\/li>\n\n\n\n
  3. Improving the Know Your Client process in a way that can assist in the choice of suitable investments, thus encouraging the use of digital investment advice and portfolio management services with the aim of making the services more accessible to lower income retail clients<\/li>\n<\/ol>\n\n\n\n

    Please note \u2013 you can submit an application for other topics which are not mentioned above as long as they are fit and advance the ISA’s strategy and role<\/strong>.<\/p>\n\n\n\n

    Criteria<\/h2>\n\n\n\n

    Preconditions<\/strong>:<\/p>\n\n\n\n