The Cutting Edge of Israeli Fintech: An Introduction to Israeli Innovation
Fintech is clearly embedded in all aspects of the financial services industry. Advancements in artificial intelligence (AI) and cyber have enabled the fintech industry to advance more rapidly. We have come a long way from when innovation begun with the first ATM! From currency trading to mobile payments, online banking to insurance, regular way lending to marketplace lending. The FWA’s International Business Conference will take place in Israel in February 2020 where we will see first-hand the degree of tech dynamism and disruption in a number of sectors, but certainly in the fintech arena.
Please join us for this exciting and timely introduction to companies and developments that are transforming the financial services industry globally! Israel is a center of fintech innovation and New York is also growing as a hub in this space. This program in New York will introduce us to some of the Israeli-based companies who are making an impact here in the US. We are honored to be joined by Inon Elroy, the Israeli Minister of Economics for North America, who will present an overview of the state of the industry. In addition, we will hear from two fast growing, high performing fintech firms.
Economic Minister to North America, Government of Israel
Inon Elroy was appointed Economic Minister to North America on August 2016. Mr.Elroy has more than twenty years of experience representing the Ministry of Economy and Industry in a wide range of executive positions both in Israel and overseas.
As Vice Director-General of the Israel Ministry of Economy and Industry from 2012-2016, Mr. Elroy was tasked with overseeing industrial policy(promoting domestic production and innovation), trade regulations (liberalization of imports, anti-dumping, and standardization), and regional economic planning. In addition, he supervised the Ministry's digital strategy and initiated policies to foster innovation synergies between the public and private sectors. During his tenure at the Ministry, Mr. Elroy was also involved in several inter-ministerial task forces aimed at reducing the cost of living in Israel.
Mr. Elroy served as the Economic and Commercial Counselor in France (2001-2005) and Germany (2009-2011). Earlier in his career, he was an advisor to several ministers of Economy and Trade.
For the past several years, Mr. Elroy has been a board member of the research committee of the Office of the Chief Scientist, which approves industrial R&D projects. He was also Alternate Director for the bi-national R&D fundsBIRD, SIIRD, and KORIL. Additionally, he served on the boards of the Israel Wine Institute and the Israel Consumer Council.
Mr. Elroy holds an MBA from the University of Haifa and a BA degree in Political Science and Geography from the Hebrew University in Jerusalem.
Rafi is a Partner at Viola Growth. He joined the fund in 2018 bringing with him 14 years of transaction experience as a seasoned technology and financial services investment banker and a corporate attorney, with a vast global network having worked and studied in the United States, Europe and Israel.
Rafi is based in New York and is Viola Growth’s contact in the United States.
Prior to joining Viola Growth, Rafi was a Senior Vice President and Head of Emerging FinTech at Goldman Sachs in the Financial Institutions Group of the firm’s Investment Banking Division in New York. Rafi joined Goldman Sachs’ New York office in 2010 and during his tenure sourced, led and executed numerous transactions across M&A, equity and debt. He also led a number of growth stage Financial Technology institutional investments on behalf of Goldman Sachs
During his tenure at Goldman Sachs Rafi spent two years in the firm’s Tel Aviv office where he executed M&A transactions and IPOs across various technology sectors. Rafi also served as the co-head of Goldman Sachs recruiting team for the University of Chicago Booth School of Business.
Prior to joining Goldman Sachs, Rafi was a Corporate Attorney at S. Horowitz & Co. specializing in M&A and financing transactions for public and private companies, and served in the Submarines unit in the Israeli Navy.
Rafi holds a B.A. in Economics and a LL.B in Law from the University of Haifa and an MBA (with Honors) from the University of Chicago Booth School of Business, and is a member of the Israel Bar Association.
Founder and CEO
27-year-old Charlie Javice is the founder of Frank (https://withfrank.org/), the leading platform connecting students to financial aid at colleges and programs they'll love. In over two years, the company has helped 350,000 students find about $7 billion in aid – for free.
At 19, Charlie was the youngest person to be named one of Fast Company’s “Most Creative People.” This year, she topped the Forbes 30 under 30 list in the Big Money and Finance category, as well as securing one of Crain’s New York Business’ annual 40 Under 40 honors. She’s a thought leader in fintech and education, authoring op-eds for the NY Times and The Wall Street Journal. She’s currently working on a bill to advocate for a change in student loan disbursement that would save students billions of dollars in interest fees. She enjoys tutoring math and physics in the South Bronx, mentoring social impact entrepreneurs, and serves on Penn Hillel’s Executive Board.
She graduated from The Wharton School at the University of Pennsylvania in 3 years with a concentration in Finance, Operations Information Management, and Law.
In 2017, Charlie raised a total of $15.7M, the largest venture round for a female founder that year. Her investors included U.S.-Israeli investment fund Aleph Venture Capital (which previously invested in WeWork and insurance startup Lemonade), Reach Capital, former Uber advocate Bradley Tusk’s Tusk Ventures, and Slow Ventures. Marc Rowan, the co-founder of Apollo Global Management, one of the largest private equity firms in the world, led the most recent investment.
FinTech Platform Lead, Rise New York
Ilana Fass is a Vice President at Barclays Capital and the FinTech Platform Lead for Rise New York. Ilana Fass was previously the FinTech Platform Lead for Rise Tel Aviv, and covered a number of positions in the Rise Tel Aviv site (2016-2019). Ilana started her career in innovation as the Program Manager of The Hive Accelerator in Tel Aviv, focusing on business development for early stage and seed startups. Ilana Fass served as an officer in the Israel Defense Forces from 2011-2014.
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5:45 – 8:00 pm
$25 FWA Members | $50 Non-Members |Refreshments included
Subway: N/R/W Fifth Avenue station.
Special thanks to Weil, Gotshal & Manges LLP for graciously hosting this event.
This event is organized by the Global Agenda and Fintech Committees of FWA of NY, Inc.
About the FWA
Established in 1956, the FWA is a 501(c)(3) nonprofit professional organization with a membership of approximately 1000 female and male professionals working in the financial services industry or who hold a financial position in another industry. The FWA has a long tradition of encouraging women to seek career opportunities in finance and business through mentorship and networking.
Reservations Required -- Bring Photo ID -- No Walk-Ins
Reservations/Cancellations and payments are required by Monday, January 13, 2020