Call for applications for a pilot program with Israel Securities Authority

This call is for Israeli technology companies who would like to perform a pilot in the Fintech industry. The demonstration sites will be established and operated at the offices of the ISA, at the financial or supervised entity’s offices or at the Fintech company’s offices.

Preconditions:

• The filer must be an Israeli company.
• The filer must correspond with the reporting duties, registration duties, royalties duties, preservation of knowledge and intellectual property duties, under the Innovation law, benefit Track # 2 and the procedure’s rules.

Preferred Challenges:

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 and stock exchange infrastructure.
2. Tools for analysis of structured and unstructured corporate reports, aimed at generating insights and anomaly detection. In particular text mining, NLP and data extraction from unstructured reports in Hebrew.
3. Using innovative tools to rate mutual funds based on a broader range of quantitative and qualitative parameters in a way that will increase the ability to choose funds.
4. 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.
5. Tools for examine the effectiveness and efficiency of the ISA’s supervision activities, and for improving its supervision and regulation.
6. Promoting financial inclusion to innovative services and products through Open Banking interfaces (financial APIs).

Please Note: you can submit an application for other topics which are not mentioned above as long as they are relevant and advance the ISA’s strategy and role.