Mobile-only bank Pepper now live
Pepper – here to spice up your banking world. Image source: Pepper
Israel’s Bank Leumi has launched its new digital banking subsidiary, Pepper (as reported by Banking Technology earlier, the bank was gearing up for launch last year).
Pepper is available on mobile only. It offer savings and lending products, with no checking account fees. By the end of this year, it plans to start offering investment services, Pepper Invest, which will enable trading in securities.
Online on boarding process takes just eight minutes, the bank says.
For its technology, Pepper is relying on Temenos’ software, front-to-back office. Temenos’ T24 core banking system underpins the back office operations, whilst Temenos Connect supports the front-end.
It is also working with digital authoring platform Playbuzz “to enhance user experience and engagement through personalised content”.
The bank’s CEO is Lilach Bar-David. She moves from Leumi Card, where she worked for over ten years, most recently as the division’s director of business development and strategy.
The CTO is Ilan Buganim, who’s been with Bank Leumi since 2013, working on various tech projects, including security information and CRM. Prior to that, he spent many years at Amdocs, a customer experience software vendor.
Pepper’s R&D is headed by Liran Zelkha, a newcomer to the Leumi group. Zelkha owns a tech consultancy firm, Tona Consulting. Prior to setting up his firm, he had a brief stint at ScaleBase, a developer of cloud-based distributed database management software.
