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innovative solutions currently in JoRegBox Express testing environment

innovative solutions currently in JoRegBox Express testing environment 

 

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Innovative solution

The name of company providing the innovative solution

Description

1

ElG

 

Jordan Payments & Clearing Company (JoPACC)

 

The solution aims to digitize and automate the process of issuing and managing letters of guarantee, moving from traditional paper-based processes to an integrated digital system. This project relies on application programming interfaces (APIs) for information exchange to ensure integration and easy access between all parties involved in a letter of guarantee: the client requesting the issuance of the letter of guarantee, the issuing bank, the beneficiary, and the beneficiary bank of the letter of guarantee. This service enables the creation, exchange, modification, extension, and editing of electronic letters of guarantee, in addition to the possibility of matching payment (cashing the letter) and managing associated documents.

2

Qawn Business

Jordan Ahli Bank

is Jordan Ahli Bank's innovative digital solution designed specifically for merchants and businesses. It enables businesses to open accounts and access banking services quickly, securely, and completely digitally. The system complies with all Central Bank of Jordan regulations, ensuring a secure and reliable experience. Merchants can easily accept payments, including via Click, and manage their financial transactions in one place. The system's powerful features include merchant registration, document management, and national invoicing tools that help streamline daily operations. Kon for Business is accessible anytime, anywhere, via any mobile device. It's the smarter, faster way for businesses to bank and grow.

3

Madfoatcom Aggregator

Madfoatcom Company

It is an innovative solution based on comprehensively utilizing the capabilities of the open banking infrastructure, with the aim of enabling customers, financial institutions, and service providers to securely and regulated access to banking data and conduct financial transactions smoothly and in compliance with the regulatory standards approved by the Central Bank.

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