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Al Rajhi Bank – Jordan, one of Al Rajhi Bank’s international branches, has selected  ICS BANKS Islamic and ICS BANKS Digital Banking software solutions from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions.

Founded in 1957, Al Rajhi Bank is the largest Islamic bank in the world.  Al Rajhi Bank has overseas branches in Kuwait, Jordan, and Malaysia. The bank has been operating in Jordan since 2011, with a network of 10 branches, and over 46 ATMs.

A signing ceremony took place in Jordan, on March 9, 2022, at the bank’s head office. The ceremony was headed by Mr. Eyad Jarrar, CEO at Al Rajhi Bank – Jordan, and Mr. Robert Hazboun, Managing Director at ICSFS.

Al Rajhi Bank – Jordan initiated its Universal & Digital Banking study and replacement project a couple of years ago, and opted for a fully-fledged Islamic banking platform and a holistic digital banking platform from ICSFS, to elevate financial services offerings to their valued customers. The study covered many international systems that participated in the international tender process. The bank will be utilizing ICS BANKS’ open banking and financial software products that are built on a fully-fledged digital ecosystem with; international standards, real-time business processing, and value-added capabilities of tailoring products, on-premises, cloud, or hybrid.

Al Rajhi Bank – Jordan, CEO; Eyad Jarrar commented:

“ICSFS’ differentiation in Islamic and digital banking software solutions will pave the way to provide our customers with fully digital shari’a-compliant products and services. In line with Al Rajhi Bank’s strategy and with our new strategic technology partner, we will be able to leverage emerging technologies and infrastructure by providing the most sophisticated and customized solutions, and expand customer-centricity by providing the best customer experience with a differentiated and focused digital marketing approach supported by digital-ready platforms and touchpoints.”

ICSFS, Managing Director; Robert Hazboun stated:

“We are proud to be chosen by Al Rajhi Bank – Jordan as their strategic technology partner. We are committed to delivering innovative products that are constructed on a secured and agile integration. We assure Al Rajhi Bank – Jordan to have an enriched customer journey experience, through leveraging ICS BANKS’ fully integrated, end-to-end, future-proofed financial and banking software suites. The bank will also be able to utilize ICS BANKS to reduce costs and drive productivity and efficiency. We are looking forward to a successful and solid partnership with Al Rajhi Bank – Jordan.”

ICSFS invests in its software suites by utilizing modern technology in launching new digital products, constructing a secured and agile integration, and keeping pace with new standards and regulations worldwide. ICS BANKS software suite future-proof banking activities by providing a broad range of features and capabilities with more agility and flexibility, to enrich customers’ journey experience, hence improving the trust and confidentiality between the customer and the bank. ICS BANKS has always been a pioneer in utilizing the latest technology to serve financial institutions. In addition to its embedded Service-Oriented-Architecture (SOA), the system can be deployed on-premises, cloud, or hybrid.

IRIS Technology is proud to announce that we became Dell Gold Partner.

This new achievement underlines the relationship of trust granted to us by Dell Technologies as a privileged and long-standing partner.

We deliver Dell’s full range of products and solutions tailored to all organization sizes and structures; our certified team has the necessary expertise to deliver all Dell Portfolio including #Hyperconverged_Infrastructure #Data_Storage #Data_Protection #Servers #Laptops #Desktops.

Samsung Electronics Levant announced the signing of a strategic cooperation agreement with Zain Jordan, to raise their level of cooperation, enhance retail sales and enrich the range of products provided by both parties to their customers.

Under this cooperation, Zain Jordan will offer the latest Samsung innovations and products at its various showrooms throughout the Kingdom and its online store (eshop.jo.zain.com). This includes smartphones, tablets, wearable devices, and accessories, which Samsung Electronics Levant provides to the Kingdom.

Samsung Levant will also provide TVs and screens for Zain Jordan to use within its projects, for tenders or various campaigns. This ranges from wall-mounted displays, ultra-wide screens, FLiP interactive screens, touch and educational screens, in addition to LCD screens, game screens, and various electronic devices.

Commenting on the occasion, the Vice President of Samsung Electronics Levant, Hyun Dong Lee, said: “We are pleased with our cooperation with Zain Jordan, which is the preferred mobile services operator for millions of Jordanians, and always keen to provide the best digital experiences to its customers. It comes in line with our vision to enter a new era of cooperation and develop unparalleled experiences that reflect the evolving lifestyles of users and enable them through Samsung innovations to gain access to technological progress and enhance their lives.”

Zain Jordan is keen to establish strategic partnerships with the most important and prominent brands. Providing Samsung’s latest devices and accessories, as soon as they are launched, is part of its continuous efforts to meet the desires and needs of its customers. This cooperation ensures that they will receive cutting-edge digital innovations, by providing a variety of devices via the company’s showrooms and through Zain eShop.

It is noteworthy that this is not the first cooperation between the two parties; a partnership has extended for years through several jointly launched campaigns for Zain Jordan customers and employees.

JoPACC upgraded JoMoPay to the ISO20022 Financial Messaging Standard, enabling interoperable instant payments between bank accounts and mobile wallets and unfolding a number of features and services.

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JoPACC celebrated five years of operating in the financial market, recounting its achievements and contribution to the development and expansion of digital payments in Jordan.

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In a signing ceremony hosted by the Central Bank of Jordan, JoPACC represented by its Chairman, Dr. Adel Sharkas, Governor of the Central Bank of Jordan, and Advanced Company for Detection Systems (ACDS), represented by its General Manager, Mr. Shafiq Nassar, signed an agreement to develop “electronic know your customer (eKYC)” services in the Kingdom. The signing ceremony was attended by the Secretary-General of the Ministry of Digital Economy and Entrepreneurship, Mrs. Samira Al-Zoubi, and representatives from key relevant institutions. The agreement aims to kick off the development of a platform that allows financial customers to onboard digitally and remotely and prove their identities when opening bank accounts and mobile wallets, when signing up to financial services, or when updating their data with their banks, using advanced technological solutions. The solution further enables financial institutions to validate customer data by connecting to the government database and digitally obtaining information about their clients. The project improves financial services for customers, enhances the efficiency and security of the banking sector, lowers costs and risks of compliance, and reduces financing terrorism and money laundering attempts.

Within the same context, an agreement was signed a few weeks ago between JoPACC and the Ministry of Digital Economy and Entrepreneurship (MoDEE) to provide the digital financial identity in Jordan as part of the eKYC project. The Ministry of Digital Economy and Entrepreneurship is one of the main partners in this important national project and plays a critical role in its implementation by providing an electronic interconnection with information sources “Government Service Bus” through linking APIs and by using Blockchain technology to document customer approvals with the highest encryption requirements in line with legislation governing customer data protection and banking secrecy.

The digital financial identity and digital customer identification services will be launched during the second half of this year. The first phase of the project commenced at the end of 2021 following the signing of an agreement between JoPACC and MoDEE, after which banks took the initiative, within a short time frame, to connect through JoPACC with the government database to verify customer IDs. The second phase involves the development of a platform for registering for financial services digitally and remotely, which will benefit all both banks and non-bank financial institutions, such as mobile payment service providers, microfinance institutions, and insurance companies.

Dr. Adel Sharkas emphasized that the project embodies cooperation and partnership between the public and private sectors in enhancing Jordan’s digital infrastructure and interoperability between the financial and banking sectors on the one hand, and the relevant national institutions on the other hand, as well as deepening the sovereign role of state institutions in providing and developing platforms and the mechanisms that serve the sectors of the national economy and enable them to achieve the goals of sustainable development and improve Jordan’s position and ranking in technological development. He also applauded the Ministry of Digital Economy and Entrepreneurship’s contribution in the project to improve digital financial services as an essential step to achieve a digital economy that is based on innovation and continuous progress. For her part, Ms. Maha Bahou, CEO of JoPACC, stated that this national project is the first of its kind, in which the efforts of the government, the Central Bank, banks, and various industries work together in a participatory manner to provide an advanced service that benefits the Jordanian economy.

Advanced Company for Detection Systems (ACDS) is a company specialized in cutting-edge technology solutions and works in alliance with the Spanish company Gradient. It was chosen after winning a bid that was launched in 2021. A committee comprised of JoPACC and other Jordanian institutions assessed the technical and financial proposals submitted for the bid. Similar solutions have been developed by the company in more than 160 countries. ACDS thanked JoPACC for the confidence granted to them to complete the project and expressed their delight to contribute to expanding financial services and facilitating the journey of the financial user in Jordan.