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Fintech Galaxy gets Central Bank nod to test open banking in Jordan

By Gloria Methri

January 30, 2025

  • CBJ
  • Central Bank of Jordan
  • Data Aggregation
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Fintech Galaxy, Open Finance Platform, Central Bank of Jordan, Open Banking, regulatory sandbox, JoRegBox, JordanFintech Galaxy has received approval from the Central Bank of Jordan (CBJ) to enter the regulatory sandbox, JoRegBox, to test and deploy Open Banking services in the Kingdom within a controlled real-market framework. With this, Fintech Galaxy becomes the first Open Banking company to receive regulatory approval in Jordan.

This initiative is part of CBJ’s broader vision for financial technology and innovation, launched in August 2023 under the Executive Program for the Economic Modernization Vision (2023–2025). The program aims to position Jordan as a regional hub for financial innovation and a destination for investment in advanced financial technologies.

JoRegBox provides a structured environment where FinTech companies can test innovative solutions under the supervision of CBJ, promoting financial inclusion and advancing consumer-focused financial services.

Riyadh Al Zamil, Chairman of Fintech Galaxy’s Board of Directors, said, “We are proud and honoured to receive the Central Bank of Jordan’s approval to test and introduce Open Banking services to the country through the JoRegBox regulatory sandbox. This milestone underscores our commitment to fostering financial inclusion, enabling innovation, and empowering Jordan’s economy through Open Banking.”

Mirna Sleiman, Founder and CEO of Fintech Galaxy, said, “By leveraging FINX Connect, we aim to empower financial institutions and third-party providers with data aggregation and payment initiation services, ultimately improving the lives of consumers across Jordan. Together, we aim to deliver secure, efficient, and transformative financial solutions for all stakeholders.”

Fintech Galaxy offers a suite of regulated and premium Open Banking services and solutions, enabling banks and payment providers to share customer real-time data with third-party providers securely and with explicit user consent.

The FINX Connect platform facilitates real-time bank account data aggregation and payment initiation services. With its initial testing focus on account information services, the platform adheres to global and local regulatory standards, enhancing customer access to tailored financial services, streamlining payment processes, and unlocking new revenue opportunities for financial institutions and fintechs.

Fintech Galaxy Jordan, led by Zaid Khatib, will be integrating with most banks and financial institutions across Jordan, providing Open Banking services to consumers with a special focus on Personal Finance Management (PFM) and Business Finance Management (BFM) use cases.

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