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.
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.
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.