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Arab Bank concludes 2nd fintech innovation program

Saturday, 11 23 2019, Category: Banking, Country: Jordan
Arab Bank recently concluded a new round, the second, in its internal program for innovation in the field of financial technology (Fintech) for its employees 'Intrapreneur'. During this round, five innovative ideas in the field of financial technology were selected from a wide range of ideas presented by Arab Bank staff in Jordan.

The launch of the Intrapreneur Innovation Program is an activation of Arab Bank's efforts in the field of banking innovation. This internal program encourages the bank's employees to provide ideas that entail new digital banking solutions that would help evolve the level of services offered by the bank in line with the needs and aspirations of its customers leveraging the latest technological developments associated with the evolving trends of digital revolution.

This six-month round of the program included several phases. Arab Bank staff in Jordan submitted more than 200 ideas, 17 of which were selected to participate in an 11-week workshop, which included intensive training courses and capacity building workshops in order to refine employees' ideas, explore their insights and educate them about design thinking and how to build the right business module map and agile project management methodology. During the last week of the workshop, participants from different departments presented their ideas to a judging panel from the bank. Five winning ideas were selected to receive the support and guidance needed to launch these ideas as banking services and solutions. Cash prizes were given to the top three ideas.

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