Jordan Ahli Bank chooses Fintech Galaxy platform for Open Banking readiness


AMMAN — Jordan Ahli Bank incorporated technology and innovation into their banking services through "Open Banking" initiative, and collaborated with Fintech Galaxy platform as Third-Party Providers (TPPs).

The initiative of becoming Open Banking compliant will make the bank able to offer better rates and value-added services to their customers.

The collaboration with TPPs will help the bank to reduce costs and increase revenue, while leveraging the expertise and capabilities of these providers to create new and innovative products and services. 

Jordan Ahli Bank deploys Fintech Galaxy’s FINX platform to enable it to effortlessly align with Open Banking regulations and adhering to robust security measures to safeguard customer data, cultivating trust and security.

The bank will leverage the FINX Open API Gateway, out-of-the-box compliance with Account Information Service (AIS), Payment Initiation Service (PIS) APIs, TPP Management and Consent Management based on regional standards. 

Also, the bank will 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, a sandbox environment that simulates the production functionality, etc. 

"We are thrilled to have partnered with Fintech Galaxy for Open Banking and Open Finance compliance," said CEO of Jordan Ahli Bank, Ahmad Al-Hussein."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 a record time. "

Founder and CEO of Fintech Galaxy, Mirna Sleiman said, "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 th Documentation for Public Consumer API e future of financial services."