Investbank has established a strategic partnership with Fintech Galaxy, a UAE-based financial technology firm, to align with Jordan’s open banking and open finance standards introduced by the Central Bank of Jordan earlier this year. Through this collaboration, Investbank plans to leverage Fintech Galaxy’s Finx Comply, a sophisticated cloud-based compliance solution, to share customer financial data securely with authorized third parties using standardized APIs. This initiative not only ensures compliance with the new regulations but also aims to reduce compliance costs, streamline bank operations, and enhance the security of digital transactions.
Furthermore, this partnership is set to open new revenue streams and enhance Investbank’s services in areas such as prime banking, wealth management, and payment services. Fintech Galaxy, led by CEO Mirna Sleiman, has played a pivotal role in supporting banks in Jordan with these compliance requirements, having previously worked with Jordan Ahli Bank in similar endeavors.
This development is part of a broader trend toward greater financial transparency and innovation across the banking sector, reflecting a commitment to modernizing financial services. By engaging in this strategic collaboration, Investbank underscores its dedication to improving customer experiences and remaining competitive in the evolving financial landscape of Jordan.
