Israeli Billionaire Zuk’s Bank to Split Revenue With Customers
According to the news article, an Israeli digital bank co-founded by billionaire Nir Zuk plans to offer a unique revenue-sharing model with its customers when it launches in 2023. The bank aims to disrupt the country's banking industry by splitting the interest revenue generated from deposits with its customers. This innovative approach is seen as a strategy to attract customers and gain a competitive edge in the market. The article highlights Zuk's background as a cybersecurity billionaire, suggesting that the new digital bank may also focus on leveraging technology and security features to differentiate itself from traditional banking institutions in Israel. The article does not provide further details on the bank's specific products, services, or operational plans, but emphasizes the revenue-sharing model as a key selling point for the upcoming digital banking venture.
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