INVESTBANK in Jordan has partnered with Fintech Galaxy to ensure compliance with national open banking and open finance standards.
Fintech Galaxy will assist INVESTBANK in adapting to these regulations through its software, FINX Comply, a tool designed to help banks manage and secure customer data sharing and facilitate integration with digital financial services.
Earlier this year, Fintech Galaxy received Central Bank approval to test open banking APIs in the regulatory sandbox, enabling INVESTBANK to meet compliance requirements while integrating into Jordan’s open finance ecosystem.
Through their partnership, INVESTBANK aims to enhance the digital experience for its customers by offering more flexible and transparent financial services. FINX Comply will help the bank offer services like secure data sharing and streamlined payment initiatives directly to its customers, improving the speed and security of these transactions.
“With open banking and open finance regulations evolving, compliance is no longer optional – it is a strategic necessity,” said Muntaser Dawwas, CEO of INVESTBANK Jordan. “Partnering with Fintech Galaxy will ensure INVESTBANK achieves full compliance while unlocking new opportunities for digital financial services.”
While Mirna Sleiman, founder and CEO of Fintech Galaxy, also commented: “INVESTBANK is taking a proactive step toward regulatory compliance and digital transformation. By leveraging FINX Comply, the bank will gain a fast, efficient, and fully compliant framework to operate in the open banking era.”
Fintech Galaxy has also secured regulatory approvals in Saudi Arabia, UAE and Bahrain while integrating with more than 15 banks across the GCC.
