/payments

News and resources on payments systems, innovations and initiatives worldwide.

A2A and Salt Edge come together to support Open Finance in Jordan

The Central Bank of Jordan (CBJ) has taken a significant step towards modernising the financial services landscape in the Kingdom by unveiling comprehensive guidelines for Open Finance services.

  0 Be the first to comment

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

These guidelines apply to all banks operating within the jurisdiction of CBJ, as well as online payment and money transfer companies under CBJ’s supervision and control. This pioneering initiative aligns with evolving global trends in financial services, facilitating the secure sharing of financial and banking data with third-party providers through cutting-edge API technology, all while adhering to existing regulatory frameworks.

In response to this transformative regulatory framework, Access to Arabia (A2A), a leading Jordanian banking technology provider, has joined forces with Salt Edge, a renowned Open Banking solutions provider. This strategic partnership aims to assist local financial institutions in meeting the ambitious regulatory requirements set by CBJ. Together, A2A and Salt Edge will unlock countless opportunities in Open Banking by harnessing Salt Edge’s extensive global bank connectivity and A2A’s middleware and integration expertise.

The Middle East, spearheaded by visionary regulators like CBJ, has witnessed remarkable advancements in its financial sector. Jordan, in particular, is at the forefront of this transformation. With a growing demand from the market and a regulator committed to innovation, the stage is set for Open Finance to revolutionise the Kingdom’s financial landscape. Fintech applications, small and medium-sized enterprises, merchants, lenders, and corporations are eagerly embracing the potential of Open Banking-powered solutions. A2A and Salt Edge play pivotal roles in Jordan’s digital transformation, ensuring financial institutions stay ahead in the dynamic regional financial industry.

A2A, headquartered in Jordan, is a well-established software solutions company specialising in advanced banking middleware systems and cutting-edge electronic delivery channels. Trusted by over 72 banks across 14 countries in the Middle East and North Africa regions, A2A’s systems streamline operations and enhance customer service, driving the future of full customer self-service and pushing the boundaries of innovation in the financial sector.

This partnership with Salt Edge positions A2A to guide Jordanian financial institutions in swiftly complying with CBJ’s progressive Open Finance regulations within a mere three months. Furthermore, it offers connectivity to a vast network of over 5,000 global financial institutions. By integrating with other banks’ APIs, Jordanian financial institutions can focus on creating successful use cases, all while leveraging the Open Banking expertise of both A2A and Salt Edge.

Salt Edge, a decade-long leader in Open Banking solutions, empowers banks, credit unions, lenders, accounting firms, and fintech companies worldwide. The company facilitates compliance with Open Banking regulations and grants access to a network of over 5,000 bank channels globally through a single API, providing end-users with unified and easily accessible bank data across their accounts. Salt Edge has expanded its services to Saudi Arabia and Jordan in response to the growing interest in Open Finance within these dynamic markets.

We are excited to partner with Salt Edge to help banks and financial institutions benefit from the power of Open Banking. Salt Edge’s expertise in Open Banking will be invaluable in helping us deliver a solution that is truly tailored to the needs of banks, financial institutions, and their clients. - Nabil Halaseh, General Manager at A2A

Our partnership with A2A fills us with great excitement and hope as we unite with a seasoned and trustworthy software solutions provider based in Jordan. By joining forces with them, we are inspired to take on new challenges and strive for further regional excellence. Together, we are committed to supporting the Kingdom’s vision of a digital future through Open Banking and unlocking new possibilities for businesses and individuals alike. - Vasile Valcov, Chief Commercial Officer at Salt Edge

Sponsored [Webinar] 2025 Fraud Trends: Synthetic Identity, AI and Incoming Mandates

Related Company

Keywords

Comments: (0)

[Impact Study] 2024 Fraud Trends in Banking, Insurance, and BeyondFinextra Promoted[Impact Study] 2024 Fraud Trends in Banking, Insurance, and Beyond