Israel can learn a lot about banking

Jack Miller, Johannesburg

Israel, I understand, has more graduates per capita than any other nation in the world, except probably the US.

The Israeli banking system, unless it has improved, is or was, positively archaic in comparison with the systems operating locally in South Africa, which has a pretty effective and efficient system.

One would imagine that with the brilliant minds in Israel, creating the world’s most advanced and complicated technologies, someone would have inspired the techno industry to develop a more sophisticated banking system, at least comparable to that of South Africa and perhaps even better!

Is anybody able to inform me as to what the actual situation in Israel is at present, lest I have been misinformed?