Jordan, February 6, 2019
Int@j launches Financial Technology Council ''Fintech''

Amman, Feb.5 (Petra) -- The Association of Information and Communication Technology Association (it@j) announced the launch on the Financial Technology Council (Fintech), on the sidelines of the Digital Transformation Forum, held Tuesday under the patronage of Central Bank of Jordan (CBJ) Governor Ziad Fariz.

On the forum's first session, Fariz said the evolution of e-payment services in Jordan was done with the participation of all, in addition to the availability of infrastructure that provides facilities for digital services.

He spoke about the CBJ's role, which is to maintain the Kingdom's monetary policy in terms of monetary stability and exchange rate and maintain prudent policies of the banking system.

Fariz added that Jordan owns a modern and sophisticated banking system, noting that the CBJ attaches great importance to digital services.

The CJB seeks to build a system of integrated digital financial services through the partnership between the public and private sectors, Fariz explained, noting that the central bank is seeking through the government to increase electronic payments such as remittances of National Aid Fund's beneficiaries.

The Jordanian Entrepreneurship Fund is another wiindow to obtain capital for entrepreneurial projects and an important step towards supporting innovation.

Mayor of Amman, Yousef Al-Shawarbeh, said the Greater Amman Municipality (GAM) has started developing its electronic services to the citizen by simplifying procedures and mitigating bureaucracy.

By the end of 2020 GAM will complete the electronic transformation process, said Al-Shawarbeh. He further added that GAM has completed about 25 percent of electronic transformation process in 2018, while focusing this year on the digital transformation.

On Turning Amman into a smart city, Al-Shawarbeh said GAM will start building a roadmap to transform Amman into a smart city by examining foreign expertise in this field, stressing that the holistic digital transformation needs real partnership among all parties.

Al-Shawarabeh expressed appreciation for int@j's great efforts in highlighting all issues related to the ICT sector.

Int@j Chairman Bashar Hawamdeh said the association, with the support of member companies, is able to provide full support for digital transformation in government institutions if desired.

The association had a role in launching digital services in the Ministries of Justice and Awqaf, as well as Haggak and Bekhidmatikum government platforms.

'When will be the time to provide one mobile application to the citizen, which includes all government services, in terms of reporting traffic violations or expiry of licenses or financial liabilities such as taxes, water and electricity bills and many other services?' Hawamdeh wondered.

He underlined int@j's ability to provide the full support to the public sector in accelerating the frequency of the digital transformation in an effective manner tangible to citizens.

'The digital transformation in Jordan requires a real partnership between the public and private sectors,' said Zaid Mazahra, a member of the board of directors of int@j and the forum first session's moderator.

Mazahra commended CBJ and GAM's great efforts to develop e-payment services and facilitating procedures for citizens.

The Digital Transformation Forum for Bank and Government Sectors JoDT 2019 kicked off Tuesday with the participation of 45 local and international speakers, and was attended by more than 400 participants from Jordanian banks and a number of government sectors.

petranews