back Back

AJIB selects Codebase Technologies’ Digibanc Platform for digital onboarding

By Leandra Monteiro

October 03, 2022

  • AJIB
  • API Banking
  • Arab Jordan Investment Bank

Codebase Technologies, AJIB, Digibanc Arab Jordan Investment Bank (AJIB), one of Jordan’s leading financial institutions, has partnered with Codebase Technologies, one of the world’s fastest-growing open API banking solutions providers, to launch digital onboarding for resident and non-resident Jordanians.

AJIB and Codebase Technologies’ combined experience in the banking and technology sectors will enable millions of customers to easily open a new banking account and access various financial services using a completely digital onboarding process.

Despite high financial literacy rates and deep smartphone penetration across the country, only 43% of Jordanians have a bank account. At a time when banks and FinTechs are eagerly competing to offer customers new and unique digital experiences and bank the underbanked Jordanian population, AJIB’s digital onboarding will offer a digital-first approach that attracts younger generations while retaining the Bank’s promise of quality and trust.

Ayman Qadoumi, Assistant Deputy General Manager of IT at AJIB, said, “In a region where most customers are Gen Zs and Millennials, there’s a need, now more than ever, to offer digital banking solutions that can be used from anywhere and at any time. Therefore, we chose a partner with extensive experience in digital banking and a flexible and robust digital onboarding solution that can help us get to market quickly and enhance our innovation potential.” He added, “Digital onboarding is critical to modern banking, and the ease of access it provides for customers addresses the acquisition challenge many banks face and broadens banking access for the underserved and unbanked. Codebase Technologies’ Digibanc platform will be instrumental in helping us expand our offering to new customers and ensure our Bank stays at the forefront of innovation.”

Leveraging Codebase Technologies’ Digibanc platform, AJIB plans to launch an innovative digital customer onboarding experience that will incorporate streamlined eKYC, ID scanning and customer liveness checks – integrating the solution with AJIB’s existing mobile banking app, core banking system, and Jordan’s National ID database.

The Digibanc platform’s microservices-based architecture will accelerate the propositions time to market and establish a technology foundation that will allow AJIB to introduce new digital-first innovations faster than ever.

Tamer Al Mauge, Managing Director of MENA at Codebase Technologies, shared, “We’re very excited that AJIB has selected Codebase Technologies for this landmark project. The innovative power of our Digibanc platform, our experience in successfully delivering numerous digital onboarding propositions in MENA and driving collaborations with third parties in Jordan fintech ecosystem will help ensure a successful project and launch. We are honored to work with AJIB to bridge the financial inclusion gap in Jordan and help the Bank on its journey of digital transformation.”

Previous Article

September 30, 2022

Inswitch and Mastercard International partner to deliver digital payments

Read More
Next Article

October 03, 2022

Circle announces acquisition of Elements to accelerate crypto payments

Read More

IBSi Daily News Analysis

digital wallets

March 01, 2024


Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 01, 2024

AsiaVerify & Visa to bolster digital payments and banking in APAC

Read More

March 01, 2024

FinTech Focus: Catch latest developments of the week

Read More

March 01, 2024

Fimple partners with CR2 to enhance digital banking and payments

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023