AMMAN — The Central Bank of Jordan (CBJ) announced the issuance of a regulatory framework governing the use of artificial intelligence (AI) within the Jordanian banking sector, marking a significant advancement for the industry.
CBJ Governor Adel Sharkas highlighted that the framework underscores the bank’s commitment to enhancing the digital infrastructure of the financial sector by enabling the safe, responsible, and well-considered adoption of AI technologies. He emphasized AI as a key driver of digital transformation and economic development.
The framework follows efforts by the Steering Committee on Artificial Intelligence and Emerging and Future Technologies in the Financial and Banking Sector, an institutional initiative by the CBJ to support safe and effective integration of emerging technologies.
Designed to facilitate digital transformation, the framework provides a flexible and secure regulatory environment that encourages innovative financial technology adoption. It establishes clear guidelines for banking institutions to implement AI solutions while maintaining good governance, risk management, data protection, and privacy standards.
Ultimately, the framework aims to foster innovation and responsible technology use, strengthening Jordan’s position as a regional fintech hub and supporting the nation’s digital transformation and economic modernization goals.
