Jordan financial technology center, regulatory sandbox launched

(Photo: Twitter)

AMMAN — The Central Bank of Jordan (CBJ), and the Jordan Payments and Clearing Company (JOPAC) launched the Jordanian Center for Financial Technology “JOIN Fincubator”, and the regulatory sandbox “Jo Reg Box” on Wednesday, the Jordan News Agency, Petra, reported.اضافة اعلان

A CBJ statement said JOIN Fincubator is a translation of the bank’s and JOPAC’s commitment to achieving financial stability, developing financial infrastructure, and promoting digital financial inclusion in the Kingdom in response to the 2022 Economic Modernization Vision that was launched under Royal directives.

CBJ Governor and JOPAC Chairman Adel Sharkas said the center will provide innovators with a centralized location for access to guidance, specialized services, and real-world testing of their FinTech concepts.

The JOIN Fincubator is a hub for FinTech innovations, offering access to the digital financial infrastructure needed for innovation testing, validation, and development as well as for market access, funding, and partnership opportunities.

In order to build, enrich, and expand the Jordanian digital economy, the center is aimed at startups, financial institutions, university students, and investors in Jordan and the MENA region.

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