Members News

Umniah has appointed Alaa Ibrahim as a Technical consultant. Ibrahim has a distinguished professional with a record in the field of communications engineering and over 25 years of telecommunications experience.

Ibrahim has held numerous positions in international companies throughout his 25 years of experience, the most recent of which was Chief Digital Officer (CDO) at Beltone Financial in Cairo, and Technology Group Director at VEON, a global telecommunications provider based in Amsterdam. Prior to that, Ibrahim held the position of Chief Technology Officer at Djezzy in Algeria as well as several positions at Orascom Telecom, Alcatel, and Telecom Egypt. Ibrahim’s experience in the field of communications was garnered by working in several countries across Europe, Asia, and Africa.

Throughout his career Ibrahim was able to add significant value to each of the operations he worked with, utilizing his unique skillset which include leadership, the ability to build, manage, and motivate diverse multinational teams, the development and implementation of technical communication strategies, project management, vendor management, and the leadership of transformational projects and major cost optimization projects.

The team at Umniah looks forward to Ibrahim’s contributions in his new role and the tremendous impact he will make in the technical division especially with the global technological changes we are witnessing, particularly as Jordan embarks on the launch of the fifth-generation services in the coming months.

Eastnets participates in the World Economic Forum in Davos: Compliance solutions take the spotlight in financial inclusion discussions.

Eastnets, in partnership with LuLu Financial Holdings, co-chaired a panel “Coopetition to Bridge the Gaps in the Financial System” in #Davos. The panel delved into the significance of strengthening the collaboration between fintech and the traditional financial services to fostering financial inclusion & literacy.

Technology can help to improve financial inclusion, but it is not a panacea and other measures such as financial literacy, awareness and regulations are necessary. It also brings new risks that must be managed through effective risk management strategies. This is a priority in the financial industry and Eastnets is dedicated to addressing it. Eastnets is honored to be an active participant in the WEF.

Hazem Mulhim, CEO of Eastnets, stated: “Stability cannot be achieved without full collaboration between Private and Public sectors; between policy makers, regulators, financial service providers and technology vendors. Moreover, we reiterated how technology can be a force for good and to contribute to greater financial stability and better life.”

Deya Innab, Deputy CEO of Eastnets, concluded:

“Access to digital financial services should create financial stability and not lead to a debt trap situation. Financial inclusion needs to be supported by consumer needs & financial education and should be guarded against fraud, data privacy issues and financial crime.”

March promises to be knowledge-packed for Web 3.0 enthusiasts in Jordan and the surrounding area.

AFAQ Group, the MENA region’s renowned events organizer and Blockchain Council, a U.S.-based authoritative organization of experts proliferating blockchain technology globally, announced they would join forces to provide Jordan Web 3.0 Summit audience with a tailored educational program.

This program will be held at the same dates of Jordan Web 3.0 Summit which are 12-13 March 2023 in the Intercontinental Hotel – Amman, as this summit will be Under The patronage of the Prime Minister of Jordan.

The 2-day program, inclusive within the event’s ticket, features intensive in-person training about web 3.0 fundamentals.

“Despite being a futuristic trend, Web 3.0 is yet a sphere to explore and discover. For the region to grow and succeed in playing a key role in this industry, we need to build solid bases of knowledge and education,” commented Suhair Al-Ashqar, Chief Executive Officer of AFAQ Group.
“We’re honored to collaborate with Blockchain Council to bring in international expertise and provide our community with valuable knowledge about Web 3.0 literacy.”

Mr. Nitish Srivastava, AVP Sales & Strategic Alliances of Blockchain Council, said, “Web3 is the internet of tomorrow and blockchain is its backbone. Now is the time to seize the opportunity to talk and learn about this disrupting technology. We believe the Middle East is doing a great job in empowering youth with the latest technologies. We will participate in the Jordan Web 3.0 Summit through Afaq Group and will talk about technology implementation in the various service sectors.”

To make this opportunity even more accessible, Jordan Web 3.0 Summit will offer local businesses and companies the chance to onboard their teams at preferred group rates.

While the complete details of the training syllables are to be announced soon, interested parties may contact Afaq Group directly at www.web3jo.net.

In the last few months, we have been tirelessly working to improve our services and we believe that our new services will help you enjoy your experience with PROTECH even more.

We are excited to announce our Cybersecurity Consulting Services. It came from our genetics to keep us aligned with our customer’s needs in cybersecurity to keep them away from emerging threats.

To know more about our cybersecurity services, visit our website:

https://lnkd.in/dcnpyYFM

With its high-level objective envisioning the provision of a “Comprehensive and innovative financial ecosystem benefiting all and contributing to digital financial inclusion and digital economy in Jordan,” the Jordan Payments and Clearing Company (JoPACC) announced its new quadrennial strategy for (2023-2026). The strategy builds upon the company’s previous strategy for the years 2019-2022, which aimed to enhance the digital financial infrastructure in Jordan and digitize financial services, streamlining them and increasing their reach, adoption, and usage, in an endeavor to increase financial inclusion in Jordan.

The new strategy is aligned with the national objectives, the most notable of which are the National Digital Transformation Strategy and the Economic Modernization Vision. The strategy encompasses six pillars, three of which are vertical, reflecting JoPACC’s core areas of work and focusing mainly on enhancing digital liquidity, introducing and expanding digital rails, and enabling FinTech innovation. The other three are cross-cutting pillars and intersect with the vertical pillars’ areas of focus, covering governance, compliance, risk management, cyber resilience, safety, and consumer protection; and data analytics and knowledge production and dissemination, in addition to the advocacy and outreach approach that JoPACC is adopting to establish an effective dialogue between all stakeholders and obtain their buy-in for enhancing digital financial inclusion in the Kingdom.

The drawing-up of this strategy followed several stages, the first of which involved conducting an impact assessment of JoPACC’s first strategy, with the participation of all stakeholders, to obtain a comprehensive understanding of its areas of impact and potential for development. JoPACC further conducted quantitative and qualitative research on key market concepts and digital financial services adoption. It also played a vital role in developing the Economic Modernization Vision of the Kingdom, providing it with a comprehensive understanding of the financial ecosystem and national directions. Furthermore, JoPACC conducted a SWOT analysis to identify the company’s strengths, weaknesses, opportunities, and threats. Considering all findings, JoPACC laid the groundwork for its second strategy and followed that up with consultations with the sector to consider key actors’ perspectives and acquire their support for its strategic direction.

As part of its new strategy, JoPACC will maintain continuous and open communication with the sector throughout all of its projects and initiatives, which constitutes the cornerstone for all other pillars of the strategy. JoPACC also devoted considerable attention to promoting innovation in financial technology, which is one of the new pillars that has been added to its strategy and which will be clearly manifested by the official launch of its JOIN Fincubator coming soon this year.

Under the umbrella of its first strategy, JoPACC launched cutting-edge digital financial systems and services and enhanced the features of the available services (such as launching the CliQ instant payment system, upgrading the JoMoPay system for mobile payments, introducing aliases in money transfers and enabling QR code payments to merchants). Moving forward, this strategy seeks to foster innovation in digital financial services and increase the uptake of digital payments in the local market in collaboration with the financial sector and strategic partners. JoPACC also plans to launch the digital financial ID to enable remote and digital onboarding to financial services, making it easier for users to benefit from a plethora of financial services remotely and eliminating the hassle of visiting financial institutions.

Through this strategy and its holistic vision, JoPACC is committed to enhancing digital financial inclusion in Jordan, which brings significant benefits to the economy, the most prominent of which is saving time, effort, and cost for all stakeholders of the financial ecosystem, individuals and institutions alike.

Download the strategy here

The Ministry of Local Administration launched its Intranet portal that is designed and developed by Echo Technology as an advanced way to manage its employee’s services.

The EB Intranet is designed and developed to provide companies and organizations with one-point access to information and help streamline the business processes/workflow while improving communication and collaboration among employees with high level of security ensuring a modern and effective working environment

The system provides a dashboard for simple insights tracking, in addition to  providing employee eservices such as vacations, leaves, and salary slip requests, advanced file management, and more to facilitate business workflow management

Hadhramout Commercial Bank (HCB) is the first universal bank to open its headquarters in Hadhramout. The bank will provide commercial, retail, investment, corporate, digital, and private banking products and services through ICS BANKS Universal banking’s holistic software suite. ICSFS will enable the bank to provide the most innovative digital products and services to its customers, to support the bank’s mission in becoming a leading universal banking institution in Yemen. Hadhramout Commercial Bank will be utilising ICSFS’ Digital Banking excellence and open banking architecture.