INVESTBANK Partners with Fintech Galaxy for Open Banking Compliance in Jordan

INVESTBANK has partnered with Fintech Galaxy to meet full Open Banking and Open Finance compliance in Jordan. The collaboration aims to enhance the bank's digital services, improving the customer experience through faster, simpler, and more accessible financial solutions.

Fintech Galaxy, the first provider in Jordan to gain Central Bank approval for testing Open Banking APIs, will support INVESTBANK in integrating with the country's growing Open Finance ecosystem. The bank will implement FINX Comply, a cloud-based solution that ensures regulatory compliance while facilitating secure data sharing and smooth fintech integrations.

Key features of the solution include secure sharing of customer financial data, customer consent management, and seamless connections with regulated fintechs. This initiative is expected to streamline operations, reduce compliance costs, and unlock new opportunities for digital transactions.

Muntaser Dawwas, CEO of INVESTBANK Jordan, emphasized, "With Open Banking and Open Finance regulations evolving, compliance is no longer optional. Partnering with Fintech Galaxy ensures we stay ahead of the curve and tap into new opportunities for digital financial services."

Mirna Sleiman, Founder and CEO of Fintech Galaxy, added, "This partnership will give INVESTBANK a fast and efficient framework to meet compliance while driving digital transformation in the banking sector."

Fintech Galaxy has established itself as a leading Open Banking partner in the region, with regulatory approvals in several MENA countries, including Saudi Arabia, the UAE, Jordan, and Bahrain. The company's solutions help banks unlock the potential of Open Banking, improving financial services and customer experience.