Israel Partners With Australian Bank On Fintech

December 2, 2015 | Israel’s Ministry’s Chief Scientist Avi Hasson signed an agreement with the Commonwealth Bank of Australia to develop joint research and development projects in the area of fintech. The bank is the biggest Australian company to strike a deal with Israel for technology, and the first Australian firm to join the Economy Ministry’s Multinational Corporations (MNC) program, which works with dozens of multination companies to develop new products and technologies in Israel. Under the agreement, the Chief Scientist’s Office will scout Israeli technologies meeting the bank’s needs and provide financial support for R&D.