The Central Bank of Jordan (CBJ) has announced the issuance of a new regulatory framework governing the use of artificial intelligence (AI) within the country’s banking sector, Petra News Agency reports. CBJ Governor Dr. Adel Sharkas described the framework as a vital step toward strengthening the banking industry and reaffirming the bank’s commitment to enhancing the digital infrastructure of Jordan’s financial sector through the safe, responsible, and thoughtful integration of AI technologies.
Dr. Sharkas highlighted AI as a key enabler of digital transformation and a significant driver of economic development. He also commended the efforts of the CBJ-formed Steering Committee for AI and Emerging and Future Technologies in the Financial and Banking Sector, praising it as an institutional initiative to support the safe and effective adoption of emerging technologies.
The new regulatory structure aims to facilitate Jordan’s digital shift by providing a flexible and secure environment that encourages the integration of innovative financial technologies. It establishes clear guidelines to help banking institutions effectively implement AI solutions while maintaining sound governance, risk management, data protection, privacy, and the use of modern technology.
Key goals of the framework include fostering innovation and ensuring the safe, responsible use of AI to elevate Jordan’s status as a regional financial technology hub. This initiative aligns with national efforts toward digital transformation and economic modernization.
In related news, Kazakhstan is reported to be launching a virtual assistant focused on consumer rights protection.
