Tagged: jordan

November 19, 2023 @ 2:43 pm By Michael Wong  |  

Jordan Ahli Bank, a Jordanian financial institution with over six decades of banking experience, has announced its full compliance with the country’s Open Banking and Open Finance regulations. The bank said it has partnered with Open Banking and financial innovation firm Fintech Galaxy to boost… Read More

October 12, 2023 @ 10:50 am By Omar Faridi  |  

The Central Bank of Jordan (CBJ) has taken a significant step towards modernizing the financial services landscape in the Kingdom by unveiling comprehensive guidelines for Open Finance services. These guidelines apply to all banks operating “within the jurisdiction of CBJ, as well as online payment… Read More

July 15, 2023 @ 6:33 am By Omar Faridi  |  

Mastercard (NYSE: MA) and Nirvana Travel and Tourism – which claims to be one of the UAE’s leading travel and tourism management companies – have joined forces in a collaboration aimed at providing a payment solution “to customers who book travel services in the UAE,… Read More

January 16, 2023 @ 7:33 pm By JD Alois  |  

Salt Edge, an Open Banking enabler, has expanded into the Kingdom of Jordan. According to a blog post, Salt Edge will be working with Jordanian Banks and other financial services firms to power Open Banking solutions with its API-driven platform. According to the post, the… Read More

October 25, 2021 @ 9:42 pm By Omar Faridi  |  

FIS and Money.Jo have teamed up to adapt to significant changes in consumer behavior in the MENA region. Less than a year after establishing business operations in Jordan, Money.Jo (also called Money for Finance) became the nation’s leading consumer loan provider, with €3.9 million in… Read More

July 5, 2021 @ 7:22 pm By Omar Faridi  |  

Capital Bank Group has reportedly chosen open API banking solutions provider Codebase Technologies in order to develop and deploy its first all-digital banking platforms in Jordan and Iraq. Through the partnership, Capital Bank Group will aim to deliver its digital bank offering to its retail… Read More

May 24, 2021 @ 10:37 pm By Omar Faridi  |  

i2c Inc., an established provider of digital payment and banking tech, revealed on Monday (May 23, 2021) that it has partnered with INVESTBANK, a bank offering various financial solutions in Jordan. i2c’s plug-and-play platform will reportedly power credit issuing and acquiring capabilities for INVESTBANK. Through… Read More

July 9, 2020 @ 10:38 pm By Omar Faridi  |  

Approximately 20% or one-fifth of bank account holders in the Middle East are now using Fintech solutions, according to a recent survey performed by Deloitte. The survey, which examined nine key markets in the Middle East, reveals that consumers in the region are quite willing… Read More

November 15, 2019 @ 10:59 am By Omar Faridi  |  

A recent analysis performed by Paysend, a company that allows money transfers to any Visa, Mastercard, UnionPay cards and to regular bank accounts, has revealed the world’s top ten nations with the greatest gender divide for accessing modern financial services such as banking accounts and… Read More

April 6, 2016 @ 11:04 am By Samantha Hurst  |  

Last week, Middle East peer-to-peer (P2P) liwwa announced that it has secured $2.3 million during a seed investment round, which was led by Silicon Badia with participation from by Bank al Etihad, DASH Ventures, and MENA Venture Investments (MVI). Established in 2012, Liwwa was incubated at Harvard’s Innovation Lab before… Read More

April 4, 2015 @ 12:08 pm By JD Alois  |  

Jordan based WeziWezi has claimed the most funded status on investment crowdfunding platform Eureeca.  The Arabic language “social entertainment platform” raised $242,957 from 35 investors.  The projected topped the second highest funding amount on Eureeca by over $80,000. WeziWezi sold 6.25% equity in the young… Read More

November 11, 2014 @ 1:02 pm By Erin Hobey  |  

WeziWezi, one of the fastest growing social media and Arabic content sharing websites in the Arab world, has raised more than 50% of its crowdfunding goal on Eureeca.  To date, over $124,500 has been raised by 31 investors toward WeziWezi’s $242,500 goal for the 6.25%… Read More

July 24, 2014 @ 8:41 am By JD Alois  |  

The MENA ICT ForumTM (www.menaictforum.com) is the MENA region’s premier biennial ICT industry event, held in Jordan, under the Royal Patronage of His Majesty King Abdullah II. Previously organized with great success, in 2002; 2004; and 2006 as “Jordan ICT Forum”, and in 2010 and… Read More

July 12, 2014 @ 11:01 am By Samantha Hurst  |  

As crowdfunding becomes more popular in various countries, recent reports reveal the funding option is gaining attention in the Middle East. According to the Huffington Post, a handful of Lebanese entrepreneurs are using crowdfunding to create and sustain social initiative throughout the country, some of which… Read More

April 18, 2014 @ 4:00 pm By JD Alois  |  

Based in Dubai, Eureeca, an investment crowdfunding platform, has continued to grow according to a report in WSJ.  Since their launch last year Eureeca has posted 14 startups – seven of which have become fully funded.  Total raised to date stands at over $1 million…. Read More

February 18, 2014 @ 11:37 am By JD Alois  |  

Eureeca, the global crowdinvesting platform will be coming to Oasis 500 to spend the day with us on February 17th ,2014 and to give you in-depth insights on a range of topics including – What is crowdinvesting? – Why should you consider crowdinvesting as part… Read More