Fintech Vision

In today's rapidly evolving digital landscape, the emergence of fintech as a transformative force within the financial industry is undeniable. The immense potential of fintech in reshaping and simplifying the model of financial services, making them more effective, more efficient, and customer-centric, is nothing short of a revolution in its own right. With its unique capability to bridge the gap between traditional financial systems and the evolving demands of financial consumers, fintech stands ready to play a pivotal role in generating employment opportunities, driving sustainable economic growth, achieving flexibility and prosperity for society, enhancing the efficiency of financial services, promoting financial inclusion, and elevating customer experience.

Fintech refers to “Technology-enabled innovation financial services that could result in new business models, applications, processes or products with an associated material effect on the provision of financial services".

In Jordan, as we embrace digital transformation, the integration of Information and Communication Technologies (ICT) within financial institutions has heightened, leading to increased levels of efficiency and effectiveness in delivering financial services. Amidst these transformative prospects, The Central Bank of Jordan has formulated a comprehensive forward-looking vision that encapsulates the essence of Jordan's thriving fintech landscape, as follows”

“Supporting economic growth, resilience and prosperity for all Jordanians by establishing Jordan as a regional hub for fintech innovation, which enhances financial inclusion, improves the efficiency of financial services and improves customer experiences.”

The Central Bank of Jordan has not only designed this vision to address the intricacies and opportunities that fintech presents, but also to provide strategic guidance for building a robust fintech ecosystem— a foundation that fosters technological innovation, enriches financial services, and propels economic development within our nation.

The vision of the Central Bank of Jordan (CBJ) for fintech seamlessly aligns with the Economic Modernisation Vision2033 as one of the royal initiatives. Furthermore, it aligns with other national strategies, thus forming a collective approach to a comprehensive and advanced digital transformation which enhances the provision of financial services, while boosting the fintech ecosystem in response to the rapid pace of technological evolution. This vision is a manifestation of the unwavering commitment of the CBJ to encourage secure and effective innovation in the field of fintech to promote financial inclusion and economic growth.

Moreover, our vision weaves a dynamic tapestry of the vast market opportunities awaiting exploration. It reveals why Jordan serves as a fertile launchpad for fintech startups, and it delineates national objectives, offering a roadmap for stakeholders to understand their pivotal roles in cultivating a thriving fintech ecosystem.

Through this comprehensive vision, our Goal is to position Jordan as a regional center of innovation in the field of fintech. This collective ambition needs engagement and collaboration from all key stakeholders— financial institutions, technology providers, incubators, accelerators, education and training institutions, investors— all working to enhance the growth of the fintech sector.