On the way to competing with banks: Revolut expands employee recruitment in Israel

Revolut is advertising jobs in Israel in credit, regulation, risk management, and collections, as part of its preparations to receive a limited banking license from the Bank of Israel. The current recruitment focuses on control and infrastructure teams, not just marketing, indicating readiness for regulated operations. The company hired Uri Natan to lead the activity and serves over 80 million customers globally.

Revolut is accelerating its preparations to enter the Israeli market by advertising a series of jobs intended for employees in Israel. The positions focus on the core of banking activity: credit, regulation, risk management, collections, anti-money laundering, and operations. The composition of the recruitment, which includes credit product managers and banking operations managers, indicates readiness for regulated operations and not just commercial preparations. Job requirements include familiarity with the Bank of Israel's proper banking management directives, consumer protection laws, and privacy laws. The move is part of Revolut's effort to obtain a 'limited banking license' from the Bank of Israel, which would allow it to offer deposits and compete with local banks. The company hired Uri Natan, former CEO of Pepper, to lead the activity. Revolut serves over 80 million customers and employs over 13,000 employees globally. A launch date has not yet been set.