Capital Bank announces new partnership with Ryalize

By Leandra Monteiro

Capital Bank of Jordan (CBoJ) and Ryalize; a Singapore-based FinTech platform have announced their partnership to launch the first solution of its kind in the Jordanian market in favour of CBoJ’s corporate clients.

The partnership will enable Capital Bank to provide a financial wellness solution, Earned Wage Access, to the bank’s corporate clients. The solution allows corporate employees to access part of their earned salary before payday. It addresses the lack of inexpensive liquidity options for individuals. The solution will position CBoJ to bring sustainable innovative consumer liquidity options across Jordan.

Zaid Al-Kurdi, Group Transaction Banking Director at Capital Bank Group remarked, “We are excited to have partnered with Ryalize to offer new and advanced digital solutions to our corporate clients. We believe this partnership will allow us to substantially grow our business and build stronger bonds with our clients to deliver the best banking experience possible. We are committed to expediting and using innovation to build the digital future of Capital Bank.”

Khalid Alshakrani, CEO of Ryalize said, “We are proud to be Capital Bank’s partner and support their vision of driving and embedding technology-led solutions within their core processes and beyond. Capital Bank is expanding rapidly, and we look forward to supporting them and their clients to have better access to financial liquidity resulting in a more structured economy.

It is within our mission to partner with banks which are forward and like-minded thinkers and strive to adapt to the ever-changing market. Beyond our presence in Bahrain and Jordan, we are aiming to provide banks across the MENAT region with bigger opportunities within the next couple of years.”