{"id":80427,"date":"2022-12-20T15:31:05","date_gmt":"2022-12-20T15:31:05","guid":{"rendered":"https:\/\/www.intelligentcio.com\/me\/?p=80427"},"modified":"2023-10-02T14:59:11","modified_gmt":"2023-10-02T13:59:11","slug":"jordan-kuwait-bank-selects-codebase-technologies-digibanc-platform-for-digital-onboarding-and-instant-credit-services","status":"publish","type":"post","link":"https:\/\/www.intelligentcio.com\/me\/2022\/12\/20\/jordan-kuwait-bank-selects-codebase-technologies-digibanc-platform-for-digital-onboarding-and-instant-credit-services\/","title":{"rendered":"Jordan Kuwait Bank selects Codebase Technologies\u2019 Digibanc platform for digital onboarding and instant credit services"},"content":{"rendered":"
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Jordan Kuwait Bank (JKB), one of Jordan’s leading financial institutions, has partnered with Codebase Technologies, one of the fastest-growing open API banking solutions providers in the world.<\/p>\n\n\n\n

JKB will launch its omnichannel digital onboarding service using Digibanc, Codebase Technologies\u2019 award-winning digital banking and FinTech platform. The bank will also leverage the platform\u2019s instant credit decisioning engine to enable instant credit card issuance.<\/p>\n\n\n\n

The Digibanc platform will serve as a foundation for JKB to innovate existing customer experiences as well as launch future digital products, services and customer journeys.<\/p>\n\n\n\n

“The banking landscape has changed significantly in recent years and digitalisation has played a key role in reshaping the interaction between banks and their customers,\u201d said Haethum S. Buttikhi, Chief Executive Officer at JKB. \u201cWe believe that innovation and a digital-first strategy are key to ensuring a sustainable competitive advantage in the market.<\/p>\n\n\n\n

\u201cWe chose Codebase Technologies as our technology partner because it provides and shares our customer-centric philosophy and its Digibanc platform will enhance our ability to quickly adapt to the evolving needs of our customers and business.”<\/p>\n\n\n\n

Jordan has increased its financial inclusion rate from 33.1% to 43.1% in recent years, according to Central Bank of Jordan\u2019s data, and Jordan had 66.8% mobile penetration in January 20212, according to DataReportal.<\/p>\n\n\n\n

Jordan\u2019s major financial institutions are increasingly adopting digital-first strategies to bridge the gaps in financial inclusion, increase competitiveness and capitalise on the benefits of digital banking. Enhanced collaboration between financial institutions, regulators, FinTech and government agencies has made Jordan one of the fastest-growing FinTech hubs in the MENA region.<\/p>\n\n\n\n

The digital onboarding and instant credit services initiatives with Codebase Technologies are one of the many steps JKB is taking to transform into a digital-first bank focused on customer-centric innovation.<\/p>\n\n\n\n

“Today’s banks must constantly innovate, adapt to changing business dynamics and integrate emerging technologies into their technology stack while collaborating with a variety of partners and third-party providers,\u201d said Suhail Salman, Head of Retail Business at JKB. \u201cSpeed to market is a challenge many banks face as they go digital-first, however Digibanc as a digital banking platform offers the right combination of speed, agility and innovation potential to allow us to adapt to the needs of our customers.\u201d<\/p>\n\n\n\n

The proposition will leverage multiple market-ready components and integration capabilities available on the Digibanc platform that can seamlessly integrate with JKB\u2019s existing IT and core banking infrastructure, credit bureaus and National ID Database. Digibanc’s component-based architecture and market-ready solutions will accelerate the project\u2019s time-to-market and ensure rapid scaling for JKB\u2019s innovations in the future.<\/p>\n\n\n\n

“This is an exciting time for the Jordanian banking industry and the local FinTech ecosystem,\u201d said Tamer Al Mauge, Managing Director of MENA at Codebase Technologies. \u201cThis partnership is a great opportunity to jointly drive innovation in the Jordanian banking and FinTech sectors. We support JKB\u2019s digital-first vision and help the bank become more agile. Digibanc serves as a foundation to foster collaboration, innovation and co-creation of unique experiences and services for their customers.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Jordan Kuwait Bank (JKB), one of Jordan’s leading financial institutions, has partnered with Codebase Technologies, one of the fastest-growing open API banking solutions providers in the world. JKB will launch its omnichannel digital onboarding service using Digibanc, Codebase Technologies\u2019 award-winning digital banking and FinTech platform. The bank will also leverage the platform\u2019s instant credit decisioning […]<\/p>\n","protected":false},"author":21,"featured_media":80433,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1741,34,15963,332,13],"tags":[15443,15441,15437,15439,15440,15436,15438,15442],"class_list":["post-80427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-finance","category-case-studies","category-kuwait","category-software","category-top-stories","tag-codebase-technologies","tag-datareportal","tag-digibanc-platform","tag-haethum-s-buttikhi","tag-jkb","tag-jordan-kuwait-bank","tag-suhail-salman","tag-tamer-al-mauge"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/80427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/comments?post=80427"}],"version-history":[{"count":4,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/80427\/revisions"}],"predecessor-version":[{"id":91223,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/80427\/revisions\/91223"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/media\/80433"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/media?parent=80427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/categories?post=80427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/tags?post=80427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}