Press Release, 20 March 2020

Capital Bank of Jordan launches a new customer-first platform.

  • Backbase Marketing
  • March 9, 2020

Running on the Backbase Digital-First Banking Platform, Capital Bank of Jordan now offers their customers new, state-of-the-art digital services.

Capital Bank of Jordan (CBoJ) had a vision: to offer digital services that are customer centric and evolve around the daily needs of customers. To that end, CBoJ enlisted Backbase the digital-first banking software leader to aid in a complete digital overhaul. The project had an ambitious scope: the delivery of new digital experiences for Corporate Banking, as well as mobile and web applications for Retail Banking.

Such a project called for the right help, so Bring Global, the 2019 recipient of Backbase’s Regional Partner of the Year Award, was enlisted as the implementation partner on the project. Together, all three parties worked tirelessly to launch all project streams less than one year after development began, a major success celebrated by everyone involved.

Isam Samara, Head of Marketing; Corporate Communications at Capital Bank of Jordan, comments:

“As a financial services player one of our core aims is to serve our clients Digitally; we have started the project after careful gathering of clients’ needs and requirements which formulated our roadmap for delivery with a forward looking understanding that our clients requirements and industry will continue evolving.. we have adopted cutting edge technologies and solutions that our clients deserve in managing their financials.”

Aside from their technical prowess, CBoJ selected Bring Global for their experience with agile working practices—a delivery methodology not previously used by CBoJ. With the speed of new releases and innovations being so crucial in today’s world, imparting an agile way of working is key to Backbase’s digital transformation method. The Backbase Digital-First Banking Platform is specifically designed to help banks move quickly, further increasing the need for agility.

Eyas Khawaja, COO at Capital Bank of Jordan, comments:

“Moving quickly and getting new releases out the door is a big part of how we plan to operate. So we worked with Backbase and Bring on how to be truly agile, we have elevated our human capital knowhow and delivery culture to ensure we remain adaptive / agile and lean.”

This was also a project of firsts. The project was launched on Microsoft Azure using Kubernetes, which was previously uncharted territory for the region. Although a highly-complex process, Microsoft was on hand throughout to aid in implementation.

Ibrahim Youssry, General Manager, MEA Multi-Country Cluster covering North, West, East & Southern Africa, Levant & Pakistan countries, noted:

“Financial institutions remain uniquely positioned to drive economic empowerment. At Microsoft, we are on a journey to empower these organizations to deliver new value and differentiated experiences, helping them to thrive in the digital age. Technology provides the shortest path to achieve these ambitions and we commit to work with Capital Bank of Jordan to accelerate their digital transformation journey.”

Supported by a fully cloud-native platform and agile working practices, CBoJ has the enviable position of being able to scale and adapt as needed.

Jouk Pleiter, Backbase CEO, comments:

“It wasn’t just about making sure that Capital Bank of Jordan is able to meet customer needs today. We want them to be able to look ahead and adapt to new technologies or trends. The scalability of the solution was always top of mind.”

Meeting people’s digital needs today and prepared for what comes tomorrow—Capital Bank of Jordan is now in a position to truly compete with the big banks in the region.

About Capital Bank of Jordan

Capital Bank of Jordan is one of the leading financial institutions, offering a comprehensive set of added-value commercial and investment banking services tailored to the needs of individuals and institutional clients in Jordan and the region. In addition to providing a full array of banking services to its clients in Jordan and Iraq, Capital Bank offers unique investment services through its investment arm – Capital Investments, in addition to advisory services offered through Capital Investments DIFC based in the United Arab Emirates. Being the only Jordanian bank with a presence in Iraq, Capital Bank also offers diverse banking services to the Iraqi market through its 62% ownership of the National Bank of Iraq.

About Backbase

Backbase’s Digital-First Banking Platform powers seamless customer experiences, unifying data and functionality from core banking systems and innovative fintech partners. We believe it is vital that banks evolve and maintain superior digital experiences in order to retain privileged control of the customer relationship, drive efficiency, stave off new competition and continue to grow.

More than 100 large financials around the world have benefitted from Backbase’s omni-channel, Digital-First Banking Platform, including AIB, Barclays, Banamex, Bank United, BNP Paribas, Central1, Citi bank, Citizens bank, CheBanca!, HDFC, Hiscox, IDFC First, KeyBank, Lloyds Banking Group, Metrobank, Navy Federal Credit Union, PostFinance, RBC, Societe Generale and Westpac. 

Industry analysts continue to recognize Backbase’s front runner position. Backbase was named a Leader in the Forrester Wave (TM): Digital Banking Engagement Platforms, Q3 2019. The 2019 Ovum Decision Matrix lists Backbase as the Ultimate Digital Banking Platform Market Leader.

Media Contact

If you have any questions on Backbase or want to schedule an interview, please contact:

Backbase Marketing
Jacob Bontiusplaats 9
1018 LL, Amsterdam
The Netherlands
[email protected]
+31 20 465 88 88

 

Cookies on Backbase
We and third-parties use cookies on our website. We use cookies for statistical, preferences and marketing purposes. Google Analytics cookies are anonymized. Your preference can be changed by clicking 'Change options'. By clicking 'Accept' you accept the use of all cookies as described in our privacy-statement.
Necessary
Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.
Preferences
Preference cookies enable a website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.
Statistics
Statistic cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously.
Marketing
Marketing cookies are used to track visitors across websites. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers.