These are primarily the R & D structure of FinTechs. I would think these are the real FinTech entities. As a definition, Fintech is usually applied to the segment of the technology startup scene that is disrupting sectors such as mobile payments, money transfers, loans, fundraising and even asset management. The term has become a buzz word in the last three years.
It should be clear that this goal of strengthening competition in the banking system is one of the prime objectives of the Bank of Israel, and, I would assume, of every government in Israel. 2  BIS Review 82/2005