INTERNATIONAL CONFERENCE ON FINANCIAL TECHNOLOGY KICKS OFF IN JORDAN

AMMAN, Jordan, An international conference on financial technology, started in Jordan Monday, with the participation of more than 100 policymakers and regulators from around the globe.

Titled, The Financial Technology (FinTech) Policy Forum, which is organised by the Central Bank of Jordan (CBJ) and the Alliance for Financial Inclusion (AFI), the event focused on highlighting evolving regulatory models and latest developments in the field of financial technology.

In a speech, at the opening ceremony, CBJ Governor, Ziad Fariz, announced the launching of the bank’s new “regulatory sandbox,” which is a safe space, where businesses can test innovative products and technologies.

Fariz stressed that, financial technology can help achieve financial inclusion, which is an issue that Jordan is heavily focusing on.

Discussions covered latest technologies, including cloud computing, artificial intelligence, block-chains and digital identities, among other related issues.

The forum, which will run until Apr 6, will shed light on topics, such as regulating innovations, proliferation of digital credit and regulatory implications, among other issues.

The event is held as part of the Financial Inclusion Initiative for the Arab Region (FIARI), launched by the Arab Monetary Fund, the Deutsche fur Internationale Zusammenarbeit GmbH (GIZ) and AFI at the 2017 Global Policy Forum in Egypt.

Source: Nam News Network