Investbank Jordan seeks leap forwards in card offerings with i2c Inc deal
Jordan-based Investbank has signed with i2c Inc to provide credit issuing and acquiring capabilities. The bank is seeking to offer modern credit card solutions for its personal banking clients, as well as managing credit card programmes for its commercial clients throughout the Middle East region.
The i2c solution will provide users with access to digital account management, virtual cards, contactless payments, and loyalty programmes. The bank will also launch a smart, cloud-based point of sale (POS) acquiring programme for its business clients, enabled by i2c.
Muntaser Dawwas, CEO of Investbank Jordan, says: “By partnering with i2c we are able to offer disruptive features to meet our clients’ modern-day needs”. This is within the bank’s overall strategy to offer a “personalised approach to banking”.
Aurangzaib Khan, general manager MEA region, i2c, believes initiatives such as this are part of a “digital-first revolution in the Middle East” and show the potential for innovations through fintech collaboration.
Silicon Valley-based i2c Inc was set up in 2001 and its platform supports a wide range of payments and digital banking solutions including credit, debit and prepaid cards, mobile and online banking, lines of credit, and installment loans. It has 1,000+ staff and, initially with a fairly North American-centric user base, it now has customers across the globe. In the Middle East, another user is First Abu Dhabi Bank.