Banking & Finance Dubai’s Fintech Galaxy to test open banking in Jordan By Pramod Kumar January 31, 2025, 11:05 AM Unsplash.com/Glenn Carstens-Peters Fintech Galaxy is to join Jordan's regulatory sandbox to test and deploy open banking services in the country Dubai company Fintech Galaxy has become the first open banking company to receive regulatory approval in Jordan. The Central Bank of Jordan’s (CBJ) approval will allow the fintech to join the regulatory sandbox, JoRegBox, to test and deploy open banking services in the country. The JoRegBox initiative is part of the central bank’s broader plan for financial technology and innovation, launched in August 2023. The sandbox provides a structured environment where fintech companies can test innovative solutions under the supervision of CBJ. Fintech Galaxy has raised $9 million to invest in building its platform and expanding into new markets. The rise of AI and the fall of cash: 5 banking trends for 2025 STC digital banking given go-ahead to open in Saudi Arabia Astra Tech secures $500m funding for lending platform The Jordan foray will provide open banking services to consumers, focusing on personal finance and business finance management. In December 2022, Fintech Galaxy acquired Underlie, an Egypt-based open banking platform offering application programming interfaces to banks and businesses.