You Can Register on
12 October 2026
Course Info
Trainer/s
Training activity Hours
9
Training activity Date
2026-10-27 - 2026-10-29
Training Activity Days
Start and End Time
17:00 - 20:00
Training Activity Language
English
Methodology
Blended
Type of Training
Short courses
Deadline for registration
Monday, 26 October 2026, 5:00 PM
Price For Jordanian
72JOD
Price For Non Jordanian
135US$
Description
In an era where data is the most valuable asset, the financial landscape is undergoing a seismic shift. Open Finance Mastery is an intensive training program designed to equip professionals with the strategic, technical, and regulatory expertise needed to lead this transformation.
While "Open Banking" laid the foundation, Open Finance expands the horizon to include insurance, investments, and beyond—placing the customer at the heart of the financial ecosystem through true data ownership. This program bridges the gap between traditional banking and the future of digital finance.
Outcomes
- Understand the Basics: Define the concept of Open Finance and how it differs from traditional banking models.
- Identify Technical Tools: Learn the role of APIs in connecting financial services and the basic standards for data sharing.
- Navigate Regulations: Get familiar with the Central Bank of Jordan (CBJ) requirements and essential privacy rules.
- Explore Practical Use Cases: Discover real-world examples of Open Finance services, such as budgeting apps and simplified lending.
- Prepare for Implementation: Identify the initial practical steps needed to start or support an Open Finance project within an organization.
Course Video
Contents
Module 1: Foundations and the Open Finance Ecosystem
o The Evolution of Banking: Transitioning from Traditional Banking to Open Banking and finally to the comprehensive Open Finance paradigm.
o Data Ownership & Sovereignty: Understanding the shift where the customer becomes the actual owner of their financial data, not the institution.
o Economic Impact: The role of Open Finance in fostering competition and enabling Hyper-personalization in financial products.
o Stakeholder Analysis: Identifying the roles of Banks (ASPSPs), FinTechs (TPPs), and the end-consumer.
o Strategic Drivers: Enhancing customer experience, driving innovation, and promoting Financial Inclusion (aligned with Jordan’s Economic Modernization Vision).
Module 2: Technical Architecture & the API Economy
o The API Economy: How Application Programming Interfaces (APIs) serve as the essential bridges for secure data transmission.
o API Taxonomy: Differentiating between Public, Private, and Partner APIs and their specific use cases in finance.
o Data Standardization: Understanding unified financial data structures (such as ISO 20022) to ensure global and local Interoperability.
Module 3: Advanced Security, Standards, and Consent
o Financial-Grade Security (FAPI): Implementing high-security profiles specifically designed for financial transactions (moving beyond standard security).
o Authentication & Authorization: Deep dive into OAuth2 and OpenID Connect (OIDC) as the industry standards.
o Consent Management: Designing systems that allow customers to grant, manage, and revoke data access permissions seamlessly.
o Trust Frameworks: The role of Public Key Infrastructure (PKI) and Digital Signatures in securing cross-institutional transactions
Module 4: Regulatory Framework & Compliance
o Local Regulations: A deep dive into the Central Bank of Jordan (CBJ) instructions and the national roadmap for Open Finance.
o Global Benchmarking: Analyzing international standards like PSD2 (Europe) and their influence on regional regulatory trends.
o Privacy & Data Protection: Navigating personal data protection laws to ensure compliance while maintaining an open environment.
Module 5: Business Models and Innovative Use Cases
o Personal Finance Management (PFM): Consolidating multiple bank accounts into a single "super-app" for better financial health.
o Alternative Credit Scoring: Leveraging retail, utility, and telecommunications data to assess creditworthiness for the unbanked.
o Open Insurance & Wealth Management: Expanding data sharing beyond banking to include insurance (Open Insurance) and investment portfolios.
o Embedded Finance: Integrating lending, payments, and insurance directly into non-financial platforms (e.g., e-commerce and delivery apps).
Module 6: Implementation Strategy and Future Trends
o API-First Strategy: Guiding traditional banks through the digital transformation into "Platform Banks."
o Cultural Change Management: Overcoming internal resistance to data sharing and fostering an innovation-first mindset.
o Towards an Open Data Economy: Preparing for the future where data sharing extends beyond finance into all sectors of the economy.
Practical Workshop (Hands-on Session)
o Case Study Analysis: Reviewing a successful FinTech implementation that utilized Open Finance to bridge the SME funding gap.
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o Customer Journey Simulation: Designing a seamless, multi-source loan application process powered by Open Finance APIs.
Target Group
This program is crafted for banking executives, FinTech entrepreneurs, digital transformation leads, and regulatory compliance officers who aim to move "Beyond Banking" and build the next generation of financial service