Amman – Under the patronage of His Excellency the Governor of the Central Bank of Jordan, Dr. Adel Al-Sharkas, the Central Bank of Jordan announced the joining of four leading companies into the regulatory laboratory environment (JoRegBox), as part of its continuing efforts to enhance financial innovation and develop the financial technology system in the Hashemite Kingdom of Jordan, allowing companies to test their innovative solutions within a flexible and safe regulatory environment, in preparation for their launch in the local market in accordance with best practices and regulatory standards.

In this context, Bab Al-Rizq Software Development Company, one of the leading companies, participated through the presentation presented by the founding partner Fayez Abu Awad and achieved a remarkable presence, as the company showcased its digital platform (Your Insurance) as an integrated solution in the field of insurance technology (InsurTech), which aims to enable users to compare different insurance offers and manage and purchase insurance documents electronically, including vehicle, health and property insurance, which contributes to raising the efficiency of insurance services, enhancing financial inclusion and supporting the process of digital transformation in the sector.

Abu Awad stressed that Bab Al-Rizq Software Development Company’s joining the regulatory laboratory constitutes a strategic step towards developing innovative solutions that meet market needs and enhance the level of transparency and ease of access to financial services, in line with national trends in supporting the digital economy and stimulating the business environment.

Bab Al-Rizq Software Development Company extends its sincere thanks and great appreciation to the Central Bank of Jordan and all its departments and relevant work teams, for their distinguished institutional efforts in managing the regulatory laboratory, and the technical and organizational support they provide that contributes to enabling innovation and enhancing partnership with the private sector, in a way that serves the development of the financial sector and consolidates stability and economic growth in the Kingdom.