Bank Leumi to bring mobile-only Pepper to the US

Israel's Bank Leumi is talking to potential partners about bringing Pepper, its standalone mobile unit, to the US.

  0 Be the first to comment

Bank Leumi to bring mobile-only Pepper to the US

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Launched just over a year ago, Pepper is an AI-heavy mobile bank modelled on consumer use of social media feeds.

Keen to bring Pepper to other markets, Leumi has now settled on America, ahead of the UK, and India as its first destination.

Leumi CEO Rakefet Russak-Aminoach told the Financial Times that talks are taking place with several potential partners that have large US customer bases.

The States is an attractive option in part because "in some aspects they're so behind in basic banking," Russak-Aminoach told the FT.

Goldman Sachs has already proved that there is an appetite for a digital-only provider with its Marcus platform, which has been a runaway success since launching in 2016.

Sponsored [Webinar] Practical AI in Payments: Moving Beyond Buzzwords to Bottom-Line Impact

Related Company

Channels

Comments: (0)

[New Report] UK Open Banking API Performance 2023-2024Finextra Promoted[New Report] UK Open Banking API Performance 2023-2024