The Central Bank of Jordan (CBJ) has been established in 1964 as a monetary authority that enjoys an independent and autonomous corporate identity. CBJ works on maintaining the monetary and financial stability in the Kingdom.
The main mission of CBJ is maintaining monetary stability represented in the stability of the Jordanian dinar exchange rate, the stability of the general level of prices, and contributing to providing an attractive and stimulating investment environment for sustainable development through providing a convenient interest rate structure and applying micro and macro prudential supervision policies that contribute to achieving banking and financial stability. In addition to providing a safe and efficient payment environment, promoting financial inclusion, protecting the financial consumer, as well as motivating innovation and business development in the field of secure financial technology.
The Central Bank of Jordan is committed to promoting innovation in the use of advanced financial technology and emerging digital solutions, enhancing cooperation and aligning communications between different parties of fintech ecosystem in the Kingdome, and to implement these objectives, CBJ has done the following:
Established the Financial Technology and Innovation hub (Jo-Fintech) center, which gather all related stakeholder of fintech, Launching our “Fintech Vision” which provides strategic guidance for building a robust fintech ecosystem.
Lunched the Regulatory Sandbox for FinTech Innovations in the Financial and Banking Sector (JoRegBox).
Lunching Financial incubator for fintech solution named “JOIN” with the aim of supporting immature fintech solution to be incubated and guided till they turn to mature solution that can join the JoRegBox or the market.
Preparing guidelines for the FinTech and entrepreneur that wish to join JoRegBox, titled "Guide to join the JoRegbox", with the aim of helping these entities to understand all steps and requirements for joining, including all stages of dealing with applications, in addition to providing the necessary clarity about the financial technology and innovation system in the Kingdom.
Launching the FinTech Academy to close the gap of knowledge and awareness of fintech to all stakeholders in the fintech ecosystem.
