First Digital Bank starts pilot run

Israel-based First Digital Bank has commenced a pilot run, opening accounts and offering banking services to a closed number of customers.

Primarily, First Digital Bank will offer retail services digitally with no brick-and-mortar presence. All operations will be conducted online including opening a new bank account.

The scope of services is expected to include personal accounts, joint accounts, loans, deposits, credit cards and foreign currencies among others. The bank also intends to add mortgage services to its service portfolio in future.

In the third quarter of 2021, it aims to offer its services to 1,000 additional customers. A general rollout is expected by the end of 2021.