Fintech Galaxy launches multi-bank Open Finance in Jordan

Estimated reading time: 6 minutes · Last updated: 24 September 2026

Fintech Galaxy has become the first company to complete multi-bank Open Banking integration and account aggregation in Jordan using its FINX Connect platform. The move, tested in the Central Bank of Jordan’s JoRegBox regulatory sandbox, lets customers permit consented sharing of financial data across institutions and establishes the plumbing for payment initiation and AI-driven services. Jordan’s regulatory framework, the Central Bank of Jordan’s Open Finance Services Instructions, provides the legal basis for consent-based access. Fintech Galaxy says it will build on aggregation to add payments, cash-flow forecasting, smarter lending and embedded finance for consumers and businesses.

Imagine customers seeing their entire financial position across multiple banks, forecasting cash flow, identifying a funding gap, accessing financing and making a payment, all from one intelligent experience.

Mirna Sleiman, founder and chief executive officer of Fintech Galaxy

What FINX Connect delivers and how it works

FINX Connect is presented as a connectivity and orchestration layer that links multiple banks and aggregates customer financial accounts with consent. The platform captures authorised account data from participating institutions, normalises it for analysis and exposes APIs that third parties can use to build services. That architecture is described as the prerequisite for payment initiation: once a customer consents, a wallet or app can both view balances across banks and trigger a payment from a chosen account.

Technically, the product covers data aggregation, consent management and payment initiation APIs. In practice, that means an app using FINX Connect could show a small business its combined cash position across accounts, run an AI forecast on upcoming receipts and payments, identify a shortfall and then initiate a payment or draw funding — all without leaving the same interface. The company frames this sequence as the difference between siloed banking and connected, actionable finance.

Regulatory scaffolding: Jordan’s sandbox and instructions

Jordan’s Open Finance rollout rests on two visible pieces: the Central Bank of Jordan’s Open Finance Services Instructions and the JoRegBox regulatory sandbox. The instructions create rules for consent-based data sharing; the sandbox allows vendors such as Fintech Galaxy to test live flows under supervision. Together these tools give a regulated pathway for account aggregation and payment initiation to be trialled with real customers and institutions.

Fintech Galaxy’s participation in JoRegBox means its integrations are not merely proof-of-concept code but live-tested flows subject to sandbox conditions. That status matters because sandbox testing is where operational issues—API reliability, consent revocation, transaction reconciliation—are exposed and must be resolved before firms graduate to full market operation. The presence of a named regulatory framework gives banks and fintechs clearer requirements for compliance while they integrate with third-party platforms.

How banks and fintechs stand to gain — and what they must change

For banks, multi-bank connectivity reduces friction in account information sharing and opens routes to platform partnerships. Aggregation can surface cross-institution customer behaviour that banks can use to design targeted products, and payment initiation can let non-bank apps originate flows directly from a customer’s deposit account. For fintechs, the primary opportunity is composability: they can stitch aggregation, forecasting and payments into specialised services for SMEs or consumers without building every integration themselves.

That opportunity carries practical work. Banks must expose stable, documented APIs and align internal controls with external consent flows. Fintech Galaxy’s roadmap — moving from aggregation to payments, AI forecasting and embedded finance — depends on banks adopting modern connectivity and on vendors handling consent lifecycle, audit logging and dispute processes. The day‑to‑day impact will be operational: testing, certifying and maintaining integrations rather than single, point-to-point screen-scrape approaches.

Regional positioning and the path to live services

Fintech Galaxy positions Jordan as an initial market in a broader regional Open Finance strategy. The Central Bank of Bahrain has authorised Fintech Galaxy to provide account information services and to initiate payments, and the Central Bank of the UAE has issued In-Principle Approval for the firm to operate as an Open Finance provider. Those permissions, combined with JoRegBox testing in Jordan, create a multi-jurisdiction footprint that could ease cross-border product launches across the Gulf and Levant.

Turning sandboxed integrations into live, widely adopted services requires three things: banks moving from trials to production APIs; clarity on liability and customer redress; and a schedule for commercial offerings such as payment initiation and embedded lending. Fintech Galaxy says it plans to expand into those services, but it has not published an operational timeline or identified which Jordanian banks are connected, so the date and scope of any live rollout remain unconfirmed.

How this could play out

The bottom line

Fintech Galaxy’s multi-bank integration in Jordan is a practical test of an Open Finance model: consented account aggregation plus the plumbing for payment initiation and AI-driven services. The Central Bank of Jordan’s instructions and the JoRegBox sandbox create the legal and operational space to trial those flows, while regulatory permissions in Bahrain and the UAE give the vendor a regional footprint. The immediate questions are operational: which banks are connected, how sandbox results convert to production approvals, and how consent and security will be managed at scale. Those answers will determine whether aggregation becomes the basis for everyday, embedded financial services in Jordan.

What to watch

• Watch for Open Banking Expo UK & Europe on 13-14 October 2026 at the Business Design Centre in London, where Fintech Galaxy is listed as an event supporter.
• Watch for the Central Bank of Jordan’s JoRegBox sandbox verdict; no date has been set for a decision.
• Watch for any formal licence or commercial-launch announcement from the Central Bank of the UAE following Fintech Galaxy’s In-Principle Approval; no date has been set.