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UBS gets a dose of digital disruption in CEO’s first major move

BankInovation

Coming from ING Groep NV, the Dutch lender he’s credited with transforming, the Dutchman’s mission statement is to pull […]. UBS Group AG has become an investor favorite in recent years as a reliable beacon of profitability.

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Tink Gets Investment From PayPal To Expand

PYMNTS

Reuters , citing the companies, reported proceeds from the investment will be used for Tink to expand its team, develop new products and connect more banks. million in a round that included Insight Venture Partners and the venture capital arms of banks Nordea and ABN Amro Group NV. In February Tink raised $62.7

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Israel Approves New Digital Bank

PYMNTS

The Bank of Israel is green lighting a new digital bank — the country’s first new financial institution in decades. The digital bank is led by entrepreneurs Marius Nacht of cyber security company Check Point Software Technologies , and Amnon Shashua of autonomous driving developer Mobileye NV.

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Israeli Cybersecurity Firm Lands $30M To Expand Into Vehicle Protection

PYMNTS

In other news, The Bank of Israel announced the launch last month of its first new financial institution in decades. The digital bank is led by entrepreneurs Marius Nacht of cybersecurity company Check Point Software Technologies, and Amnon Shashua of autonomous driving developer Mobileye NV.

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