AMMAN — The Institute for Banking Studies, Jordan FinTech Academy on Wednesday signed two key agreements; the first in collaboration with Ministry of Digital Economy and Entrepreneurship to launch training programme on artificial intelligence (AI) applications in the financial sector.

 

The second is in collaboration with the Al Hussein Fund for Innovation and Excellence, to launch a professional diploma in financial and banking data analysis.

 

The signing took place on the sidelines of the Jordan FinTech Festival, an event organised by the Central Bank of Jordan (CBJ), the Arab Monetary Fund, and the German Agency for International Cooperation (GIZ), attracting more than 900 experts in financial technology and innovation.

 

AI training programme for the financial sector

 

Secretary General of the Ministry of Digital Economy and Entrepreneurship Samira Zoubi and Director of the Institute of Banking Studies Riyad Hindawi signed the training grant agreement to a specialised programme on artificial intelligence and its applications in the financial sector.

 

Zoubi said that the agreement marks a significant step forward in the ministry’s ongoing efforts to equip national talent with future-ready skills, bridging training and employment opportunities in line with the Economic Modernisation Vision.

 

The training programme, to be implemented by the Institute of Banking Studies through the Jordanian FinTech Academy, will train 60 young people over a four-month period.

 

The initiative aims to develop participants' competencies in financial technology and innovation, thereby enhancing the competitiveness of Jordan’s financial sector regionally and globally.

 

The agreement will have a “long-term, positive” impact on the financial and banking sectors by strengthening human capital and promoting digital innovation, according to CBJ Deputy Governor Khaldoun Washah.

 

Washah added that this will help financial institutions adapt to global digital shifts.

 

The programme also seeks to empower youth, particularly women, by providing them with essential digital skills to thrive in the growing job market, improve their employability in the financial and banking sectors, or support them in launching their own sustainable ventures.

 

The programme will target a broad segment of Jordanian youth, offering 200 hours of training over four months, according to Hindawi.

 

The curriculum blends theoretical knowledge with hands-on practice, aligning with labour market needs and the digital transformation underway in the financial and banking industries.

 

Chairman of the Digital Skills Association Alaa Nashawi said that the agreement represents a successful public-private partnership and plays a vital role in equipping Jordanian youth with advanced fintech skills.

 

Professional diploma in data analysis

 

The Jordan FinTech Academy, affiliated with the Institute for Banking Studies, signed a memorandum of understanding (MoU) with the Al Hussein Fund for Innovation and Excellence, to launch professional diploma programme in financial and banking data analysis.

 

The memorandum was signed by Hindawi and Assistant Director General of the Fund Faeq Hijazin, in the presence of Washah.

 

The diploma aims to train graduates from Jordanian universities in the fields of information technology, accounting, finance and banking and economics in advanced practical skills, in addition to bridging the gap between academic knowledge and the practical skills required to meet the needs of the financial and banking labour market.

 

Hijazin said that the programme will be launched for the first time, and 20 participants will be selected from the first graduates of public universities.

 

He stressed that the programme targets students from various governorates of the Kingdom, so that the scope of the programme will be expanded to include a larger number of graduates and topics.

 

Both initiatives underscore Jordan’s commitment to becoming a regional leader in fintech and digital innovation. Washah highlighted the importance of building human capital in the financial and banking sectors to support the global digital transformation.