Fintech Galaxy expands its operations in Jordan to accelerate Open Banking adoption
Fintech Galaxy, a regional leader in Open Banking and financial innovation, is expanding its footprint in Jordan, reinforcing its commitment to financial innovation and inclusion. Fintech Galaxy has been approved by the Central Bank of Jordan (CBJ) to become the first Third-Party Provider (TPP) to test Open Banking solutions in line with Jordan’s Open Finance Standards in CBJ’s regulatory sandbox.
Jordan’s financial sector is embracing Open Banking, with 25 banks, 20+ PSPs, and a growing fintech ecosystem of over 30 companies. The country’s $10 billion payments market is rapidly shifting towards digital transactions, creating demand for seamless financial connectivity. With SMEs making up 95% of businesses and contributing over 50% to GDP, Open Banking presents a key opportunity to drive financial inclusion and innovation in the sector.
Fintech Galaxy has partnered with leading Jordanian banks and financial institutions to test Open Banking and Open Finance solutions within a controlled regulatory environment. These partners – including Arab Bank, Jordan Ahli Bank, Islamic International Arab Bank, Zain Cash, and INVESTBANK – have committed to piloting Open Finance use cases under the Central Bank of Jordan’s framework, paving the way for seamless financial data access, secure transactions, and greater innovation in the market.
“Open Banking is not just about compliance – it’s about creating a more competitive, transparent, and inclusive financial ecosystem. By enabling consumers and businesses to securely access and control their financial data, we are unlocking new opportunities for innovation. Our goal is to empower banks, startups, and SMEs with secure data access, real-time insights, and advanced financial tools that drive real economic growth in the Kingdom,” said Mirna Sleiman (pictured), Founder and CEO of Fintech Galaxy speaking at the Jo Fintech event during the launch of CBJ’s Open Banking regulatory sandbox testing phase.
The company conducted workshops introducing its FINX platform, an Open Finance infrastructure supporting secure data aggregation, payment initiation, and regulatory compliance. The sessions showcased FINX Connect, which streamlines API integration between banks and fintechs, and FINX Comply, ensuring Open Banking regulatory compliance. Additionally, Fintech Galaxy demonstrated its Personal Financial Management (PFM) and Business Financial Management (BFM) solutions, which provide consumers and businesses with real-time financial insights, budgeting, and automated financial planning tools.
Strengthening its engagement in Jordan, Fintech Galaxy met with the Innovative Startups and SMEs Fund (ISSF) to explore collaborations aimed at enhancing financial services for startups and SMEs. With regulatory approval secured, the company is now deepening its presence to deliver regulated Open Banking services in Jordan.
This expansion aligns with Fintech Galaxy’s broader regional growth strategy, reinforcing its position as a leading Open Banking enabler across Bahrain, Saudi Arabia, the UAE, and now Jordan.
