Earlier this week, Greenberg Traurig’s Tel Aviv office hosted representatives from Israel’s leading financial institutions for a morning seminar on the Practical Aspects of Open Application Program (API) Interface in Europe following the EU Payment Services Directive 2 (PSD2) which went into effect earlier this month. The seminar was hosted in cooperation with international policy consulting firm Lexidale.

As many foresee APIs becoming a valuable tool among local fintech companies in Israel in the near future, the seminar offered a glance as to how local financial institutions should be building strategies to take advantage of the Open Banking initiative taking shape in the EU. Adam Snukal, IP & Technology Shareholder at GT’s Tel Aviv office covered many of the legal aspects on PSD2 and the requirement of EU banks to release their APIs, while Karni Chagal Feferkorn, Partner at Lexidale and Avital Krupnik Head of Research at Lexidale delivered a practical overview of how specific countries in the EU have been Implementing it. All speakers offered input with regard to challenges and opportunities API brings with it, leading to a lively discussion participated by all guests.


Tel Aviv Shareholder Adam Snukal



Lexidale Partner, Karni Chagal Feferkorn



Lexidale Head of Research, Avital Krupnik