Members News

• Jordan Ahli Bank will leverage Fintech Galaxy’s FINX platform to become Open Banking compliant with international and local standards.
• Platform to enable Ahli Bank customers to share their financial and banking data with third parties and make account to account transfers, leveraging API technology.
• Jordan Ahli Bank will offer innovative and value-added Open banking-enabled services to its customers.

Jordan Ahli Bank, a leading Jordanian institution with over 60 years of banking experience, has joined forces with Open Banking and financial innovation firm Fintech Galaxy to fully comply with Open Banking and Open Finance regulations. Leveraging Fintech Galaxy’s FINX platform, Jordan Ahli Bank will ensure the utmost security and protection for customer data, empowering them to safely connect their accounts to TPP apps and have a comprehensive view of their transactions.

Jordan Ahli Bank is dedicated to incorporating technology and innovation into their banking services through their Open Banking initiative. By becoming Open Banking compliant, the bank will be able to offer better rates and value-added services to their customers. Collaborating with third-party providers (TPP) also will help Jordan Ahli Bank reduce costs and increase revenue, while leveraging the expertise and capabilities of these providers to create new and innovative products and services. This commitment to Open Banking is a testament to Jordan Ahli Bank’s dedication to providing personalized and innovative banking services to their valued customers.

Jordan is working on numerous ongoing initiatives toward the digitization of the banking sector with the Central Bank of Jordan issuing new instructions in November 2022 aiming at fostering innovation and competition and supporting opportunities for transformation towards an inclusive and advanced digital economy. These instructions govern Open Finance services, providing, with authorized access to customer and business bank accounts for payments and banking data-related services.

Fintech Galaxy’s FINX platform will enable Jordan Ahli Bank to effortlessly align with Open Banking regulations while delivering exceptional value to their customers and adhering to robust security measures to safeguard customer data, cultivating trust and security.

Jordan Ahli Bank will leverage the FINX Open API Gateway with out-of-the-box compliance with Account Information Service (AIS) and Payment Initiation Service (PIS) APIs, Third Party Provider (TPP) Management, and Consent Management based on regional standards. The bank will also be provided with all essential components, including the TPP Developer Portal with detailed Documentation for Public Consumer API, along with a step-by-step guide for TPP onboarding, an administrative full-featured dashboard for TPPs, and a sandbox environment that simulates the production functionality.

“We are thrilled to have partnered with Fintech Galaxy for Open Banking and Open Finance compliance,” announced Dr. Ahmad Al-Hussein, CEO of Jordan Ahli Bank. “With Fintech Galaxy’s innovative Open Banking solutions, we can now offer our customers the freedom to share their financial and banking data with third parties, leveraging API technology. This partnership will enable us to comply fully with Open Banking and Open Finance regulations and provide value-added services to our customers. Fintech Galaxy’s FINX Comply solution has allowed us to become Open Banking compliant in record time.”

“Our partnership with Jordan Ahli Bank is a significant milestone for Fintech Galaxy. We believe that Open Banking and Open Finance are the future of financial services, and we are committed to supporting financial institutions in the MENA region as they innovate and redesign the future of financial services.” – commented Mirna Sleiman, Founder and CEO of Fintech Galaxy.

Estarta would like to highlight that Pink October is a significant occasion for everyone, not just women. To shine some light on this subject, Estarta organized an educational awareness event on Tuesday, October 31st.

JBCP at Estarta

As it were, the session was highly informative, and it was a very beneficial and helpful way to observe this month. Information on health is priceless, which goes without saying. Early checkups, as well as regular, yearly checkups, are so important for women to get, which was underscored in this seminar. Lastly, we thank JBCP for their efforts in shining the spotlight on women’s health. We also thank everyone who was in attendance.

Estartans Help Make a Difference

Alongside hosting such sessions on a regular basis, Estarta deeply cares about promoting well-being and wellness. That is why we take this month seriously. As it were, we gave our employees the chance to donate and buy pink ribbons. We also shared many health tips for women all month long on our social platforms. We hope that we can always make a difference.

Our team attended the BoU – AFI Regional Training on Financial Inclusion of Forcibly Displaced Persons (FDPs) in Kampala, Uganda last week. They also participated in a panel titled: “Leveraging DFS to Promote Access to Finance for FDPs” to discuss the rationale behind Jordan’s inclusion of FDPs in the financial system, the Central Bank of Jordan’s role in facilitating innovative DFS products, the impact of DFS and their associated challenges.

A big thank you to Alliance for Financial Inclusion (AFI) and the Bank of Uganda for organizing this valuable and enriching training program.

Electronic Health Solutions (EHS), the leading healthcare information technology company in Jordan, participated in the annual Change Day campaign as part of its commitment to empower patients as active participants in the healthcare process. This campaign, initiated by the Health Care Accreditation Council (HCAC) in 2014, took place on Monday, September 18th, under the patronage of Her Royal Highness Princess Muna Al Hussein.

This year’s Change Day, themed “Care starts with the patient’s voice,” coincides with World Patient Safety Day, introduced by the World Health Organization. Its purpose is to shed light on local initiatives ensuring the safety of patients, visitors, and healthcare workers.

EHS employees engaged in diverse activities. Several teams partook in events held at the Jordanian Ministry of Health, as well as other government healthcare facilities like Al Bashir, Al Zarqa, Queen Rania, and Al Hussein/Salt Hospitals. These activities aimed to promote patient involvement in their treatment journey.

The CEO of EHS, Omar Ayesh, stated, “We’re dedicated to empowering patients by keeping them aware and actively engaged in their healthcare journey. Through ‘Hakeem’ program we enable patients to access their health data to have a better understanding of their health conditions and communicate with healthcare providers.

He emphasized that the company, through all its programs, works to ensure patient rights, protect their privacy, and increase their satisfaction with the healthcare they receive.

This commitment from EHS is part of its ongoing efforts to support initiatives aimed at achieving quality and safety within the healthcare industry in Jordan.