Revolut is expanding its presence in Israel with a new recruitment drive, as the fintech giant continues its efforts to obtain a simple bank license in the country. This move follows its previous agreement to provide payment services and indicates a broader plan to enter the local banking market.
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Revolut is now hiring a Director of Strategy and Operations to support its growth in Israel remotely. According to the LinkedIn job posting, the role focuses on building scalable operations, managing infrastructure projects, and improving operational efficiency.
The employee will also work on setting project priorities, developing new product features, and managing relationships with external vendors. Revolut expects the role to support decision-making across teams and help implement key initiatives associated with its expansion.
Revolut hiring comes as is Cooperates with Israeli regulators to obtain a lean bank license. The license is a limited banking framework that allows non-banking entities to accept customer deposits and provide credit services.
Focus on lean banking model
The company currently operates as a full-fledged bank in Lithuania, where it holds a banking license for the European Economic Area supervised by the European Central Bank, And in Mexicoas he has a multiple banking institution license.
It also operates as a fully licensed bank in its UK home, after regulators lifted restrictions on its UK banking license last month. In addition, it Submitted Banking applications in Peru earlier this year.
The bread licensing structure that Revolut is pursuing is between a basic payment license and a full banking license. He gives fintech
Financial technology
Financial technology (fintech) is defined as a technology directed towards automating and enhancing the delivery and application of financial services. The origin of the term FinTech can be traced back to the 1990s where it was used primarily as a back-end system technology for popular financial institutions. However, it has since grown beyond the business sector with an increased focus on customer services. What purpose do fintech companies serve? The main purpose of fintech companies will be to provide support
Financial technology (fintech) is defined as a technology directed towards automating and enhancing the delivery and application of financial services. The origin of the term FinTech can be traced back to the 1990s where it was used primarily as a back-end system technology for popular financial institutions. However, it has since grown beyond the business sector with an increased focus on customer services. What purpose do fintech companies serve? The main purpose of fintech companies will be to provide support
Read this term
The companies have the ability to offer interest-bearing deposits and lending products while operating under lighter regulatory requirements than traditional banks.
Related to: Revolut can now hold and lend to Britons’ money, after receiving a full license from the UK bank
Israel has opened its financial sector to more competition in recent years. Regulators have granted payment licenses to several fintech companies, including Revolut, Rapidd, Mesh and Airwallex, with the aim of reducing costs and increasing consumer choice, according to Calistic. It appears that Revolut is now building the local infrastructure needed to support a broader product offering.
There is no incentive to switch lenders
However, some experts assert that Israel’s banking sector remains structurally uncompetitive. Eyal Gaffney, CEO of ONE ZERO, told the media Globes Customers in the region rarely switch because existing banks offer near-identical products and “crumb-level” deposit interest rates unless customers negotiate.
Eyal Gaffney, CEO of One Zero Bank. Source: LinkedIn
“Until recently, there was no reason to switch or open another account. Everything is the same, the banks are pretty much the same, just a different colour. The gap (between deposit interest rates) offered by the banks is crumbs, very embarrassing, unless you call for bargaining,” Gaffney captioned the post as translated into English.
He pointed to Bank of Israel data showing that Israelis on average own only 1.1 bank accounts, noting that financially literate customers with higher incomes tend to maintain multiple relationships to gain bargaining power.
He framed ONE ZERO as a proof of concept for foreign neobanks, adding that international players like Revolut are unlikely to enter Israel until a local digital bank proves it can meaningfully disrupt the market, a feat he believes is now within reach.
Revolut is expanding its presence in Israel with a new recruitment drive, as the fintech giant continues its efforts to obtain a simple bank license in the country. This move follows its previous agreement to provide payment services and indicates a broader plan to enter the local banking market.
Singapore Summit: Meet the top APAC brokers you know (and those you don’t know yet!)
Revolut is now hiring a Director of Strategy and Operations to support its growth in Israel remotely. According to the LinkedIn job posting, the role focuses on building scalable operations, managing infrastructure projects, and improving operational efficiency.
The employee will also work on setting project priorities, developing new product features, and managing relationships with external vendors. Revolut expects the role to support decision-making across teams and help implement key initiatives associated with its expansion.
Revolut hiring comes as is Cooperates with Israeli regulators to obtain a lean bank license. The license is a limited banking framework that allows non-banking entities to accept customer deposits and provide credit services.
Focus on lean banking model
The company currently operates as a full-fledged bank in Lithuania, where it holds a banking license for the European Economic Area supervised by the European Central Bank, And in Mexicoas he has a multiple banking institution license.
It also operates as a fully licensed bank in its UK home, after regulators lifted restrictions on its UK banking license last month. In addition, it Submitted Banking applications in Peru earlier this year.
The bread licensing structure that Revolut is pursuing is between a basic payment license and a full banking license. He gives fintech
Financial technology
Financial technology (fintech) is defined as a technology directed towards automating and enhancing the delivery and application of financial services. The origin of the term FinTech can be traced back to the 1990s where it was used primarily as a back-end system technology for popular financial institutions. However, it has since grown beyond the business sector with an increased focus on customer services. What purpose do fintech companies serve? The main purpose of fintech companies will be to provide support
Financial technology (fintech) is defined as a technology directed towards automating and enhancing the delivery and application of financial services. The origin of the term FinTech can be traced back to the 1990s where it was used primarily as a back-end system technology for popular financial institutions. However, it has since grown beyond the business sector with an increased focus on customer services. What purpose do fintech companies serve? The main purpose of fintech companies will be to provide support
Read this term
The companies have the ability to offer interest-bearing deposits and lending products while operating under lighter regulatory requirements than traditional banks.
Related to: Revolut can now hold and lend to Britons’ money, after receiving a full license from the UK bank
Israel has opened its financial sector to more competition in recent years. Regulators have granted payment licenses to several fintech companies, including Revolut, Rapidd, Mesh and Airwallex, with the aim of reducing costs and increasing consumer choice, according to Calistic. It appears that Revolut is now building the local infrastructure needed to support a broader product offering.
There is no incentive to switch lenders
However, some experts assert that Israel’s banking sector remains structurally uncompetitive. Eyal Gaffney, CEO of ONE ZERO, told the media Globes Customers in the region rarely switch because existing banks offer near-identical products and “crumb-level” deposit interest rates unless customers negotiate.
Eyal Gaffney, CEO of One Zero Bank. Source: LinkedIn
“Until recently, there was no reason to switch or open another account. Everything is the same, the banks are pretty much the same, just a different colour. The gap (between deposit interest rates) offered by the banks is crumbs, very embarrassing, unless you call for bargaining,” Gaffney captioned the post as translated into English.
He pointed to Bank of Israel data showing that Israelis on average own only 1.1 bank accounts, noting that financially literate customers with higher incomes tend to maintain multiple relationships to gain bargaining power.
He framed ONE ZERO as a proof of concept for foreign neobanks, adding that international players like Revolut are unlikely to enter Israel until a local digital bank proves it can meaningfully disrupt the market, a feat he believes is now within reach.
