AJIB selects Codebase Technologies’ Digibanc platform for digital onboarding transformation

AJIB selects Codebase Technologies’ Digibanc platform for digital onboarding transformation

Amman, Jordan: - Arab Jordan Investment Bank (AJIB), one of Jordan's leading financial institutions, has partnered with Codebase Technologies, one of the world's fastest-growing open API banking solutions providers, to launch digital onboarding for resident and non-resident Jordanians. AJIB and Codebase Technologies' combined experience in the banking and technology sectors will enable millions of customers to easily open a new banking account and access various financial services using a completely digital onboarding process.

Despite high financial literacy rates and deep smartphone penetration across the country, only 43% of Jordanians have a bank account. At a time when banks and fintechs are eagerly competing to offer customers new and unique digital experiences and bank the underbanked Jordanian population, AJIB's digital onboarding will offer a digital-first approach that attracts younger generations while retaining the Bank's promise of quality and trust.

Ayman Qadoumi, Assistant Deputy General Manager of IT at AJIB, commented, "In a region where most customers are Gen Zs and Millennials, there's a need, now more than ever, to offer digital banking solutions that can be used from anywhere and at any time. Therefore, we chose a partner with extensive experience in digital banking and a flexible and robust digital onboarding solution that