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. 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.
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.
About Access to Arabia
Access to Arabia, established in 1997, specializes in developing IT software solutions for financial institutions, including banks, payment service providers, microfinance institutions, card services companies, and mobile network operators. With 72 financial institution customers across the Middle East and North Africa regions, Access to Arabia’s mission is to enable full customer self-service and enhance convenience and innovation in the financial industry.
For more information about Access to Arabia, please visit www.access2arabia.com.
About Salt Edge
Salt Edge is a leading financial API platform with PSD2 and Open Banking solutions that cater to businesses worldwide. The company facilitates third-party access to bank channels through a unified gateway and develops the technology necessary for banks to comply with regulatory requirements. As an ISO 27001 certified and AISP-licensed company under PSD2, Salt Edge prioritizes international security measures to ensure stable and reliable connections between financial institutions and their customers. The company is integrated with over 5,000 financial institutions in more than 50 countries and has earned recognition as a Strong Performer in The Forrester Wave™: Open Banking Intermediaries, 2023 Report.