BANKING

App ensures confidentiality for banking clients with hearing disabilities January 18, 2018

Under the implementation of the anti-discriminatory law for people with disabilities (Law No. 20 of 2017) enacted in September last year, banks in Jordan are set to have 24/7 live interpretation support for clients with hearing disabilities.

This decision was made possible through the launch of the mobile application Signcom on Tuesday, which allows deaf and mute clients to use live video calls to privately communicate with bank tellers without"...

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Bank adoption remains low across Jordan — study January 10, 2018

Less than half of the population over 21 years of age in Jordan has bank accounts, a study by the Arab Advisers Group showed Tuesday.

The survey, which was conducted with 925 individuals over 21 years old, revealed that around 45 per cent of the respondents have bank accounts in one or more of the 25 operational banks in Jordan.

The survey, which was conducted in the"...

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Emirates NBD and Dynamics Partner to Introduce Wallet Card™ -- UAE’s First Battery-Powered Interactive Payment Card January 9, 2018

(AETOS Wire) -- Dynamics Inc. and Emirates NBD, a leading bank in the Middle East and a front-runner in digital banking solutions today at the 2018 Consumer Electronics Show (“CES”) announced plans to introduce the first battery-powered, interactive payment cards to the United Arab Emirates in 2018.

Wallet Card™ is the world’s first connected, secure payment card. In recognition of"...

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Online Payments Five Times Higher in 2017: Jordan’s Central Bank January 8, 2018

Payments through eFAWATEER.com, an online bill payment service, have increased by 5 times in 2017, reaching JD3.345 billion, compared with JD561 million in 2016, the Jordan News Agency, Petra, reported on Saturday.

The Central Bank of Jordan’s (CBJ) data showed that the number of financial transactions since the launch of the system in 2015 amounted to some JD4 billion.

The"...

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Dynamics Inc., Global Banks, Payments Networks, and Telecommunications Carriers Unveil Wallet Card™ January 8, 2018

(AETOS Wire) -- Dynamics Inc., in conjunction with international banks, card issuers, payment networks, and telecommunication operators today unveiled Wallet Card™ -- the world’s first connected, secure payment card. The Consumer Technology Association (CTA) also recognized the Wallet Card and the Wallet Card Consortium members with four CES Innovation awards including the Best of Innovation Award for Security Technologies. It was an honoree for Computers, Embedded Technologies,"...

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Jordan Ahli Bank launches chatbot service, ahli bot January 2, 2018

Jordan Ahli Bank has become the first bank in Jordan to introduce a chatbot service, ahli bot. It is currently in beta version.

Rami Al-Karmi, chief innovation officer at the bank and CEO of Ahli FinTech (and also “Master Jedi”, according to his LinkedIn profile), is inviting users to test the bot and provide feedback.

Jordan Ahli Bank, the oldest bank in the"...

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EIB, Arab Bank sign 300m-euro financing agreement December 23, 2017

The European Investment Bank (EIB) and the Arab Bank on Wednesday signed a financing agreement worth 300 million euros to support small- and medium-sized enterprises (SMEs) and midcaps in Jordan, Egypt, Lebanon, Morocco and the West Bank.

The operation comes under the EIB’s Economic Resilience Initiative (ERI), aimed at enhancing the prospects for more resilient and inclusive growth, as well as creating sustainable employment opportunities"...

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EIB, Arab Bank sings EUR 300 million deal to support SMEs December 21, 2017

The European Investment Bank (EIB) and Arab Bank has signed a financing agreement of EUR 300 million to support small- and medium-sized enterprises (SMEs) and midcaps in Jordan, Egypt, Lebanon, Morocco and the West Bank.

The operation comes under the EIB’s Economic Resilience Initiative (ERI), aimed at enhancing the prospects for more resilient and inclusive growth as well as creating sustainable employment opportunities in the region.

This new credit line brings the overall EIB finance to"...

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$10m granted by EBRD to support MSMEs access to credit December 20, 2017

The EBRD (European Bank for Reconstruction and Development) is partnering with Jordan Commercial Bank (JCB) to support the development of small businesses in Jordan with a $10 million financing package.

A $10 million credit line will be used for on-lending to local micro, small and medium-sized enterprises (MSMEs), which are the backbone of the Jordanian economy, the ERBD said in a statement e-mailed to The Jordan Times on Tuesday.

Access"...

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Central bank ups interest rates by 25 basis points December 16, 2017

The Central Bank of Jordan (CBJ) decided on Thursday to increase the interest rates on its various monetary policy instruments by 25 basis points, effective Sunday, December 17, a CBJ statement said.

The decision was meant to “maintain the monetary and financial stability of the Kingdom and promote the competitiveness of the Jordanian dinar denominated-assets by maintaining the interest rate structure at an appropriate level, consistent with"...

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