Jordan Ahli Bank – JAB – (previously Jordan National Bank), a leading
Jordanian institution and the first national bank to be established in
East Jordan, announces that it is to implement a fully managed
application evaluation service from Experian-Scorex, the global decision
analytics business of ExperianÂ®.
Experian-Scorex’s turnkey solutions will enable Jordan Ahli Bank to
accurately assess the risk of consumer loan applicants and make fast,
consistent decisions about their potential value as customers. With the
solution’s simulation capability, Ahli Bank will also be able to
evaluate business scenarios to calculate the impact of potential changes
and assess the effectiveness of its lending strategies.
This set of solutions was chosen after an extensive vendor evaluation
where Ahli Bank’s main goal was to establish an automated system that
could respond to the client within seconds. Experian- Scorex’s web-based
solution enables the bank to process online applications, in real-time
and in a user-friendly way. This will be piloted in two selected
branches in February, and then rolled out to the entire Ahli Bank branch
Deema M. Akel, Jordan Ahli Bank’s Head of Group Risk Management,
commented: “Experian- Scorex’s solutions have met our requirements to
enhance our retail credit risk management and they also provide us the
chance to extend the collaboration for further developments. Jordan Ahli
Bank has a very ambitious plan to become a world class financial
institution and we are very pleased to collaborate with Experian-Scorex
to help us achieve our objectives.”
Bijan Matin, Experian-Scorex’s Business Development Manager for the
Middle East, said: “The banking industry has made great progress in the
Middle East in the past few years thanks to the leading role of banks
like Jordan Ahli Bank. This collaboration reinforces our commitment to
the region, which will benefit from a world-class credit risk management
system. Our goal is to continue contributing our business expertise and
technical support to assist the development of the area.”
Experian-Scorex is the global decision analytics business of ExperianÂ®.
Its enterprise-wide solutions combine data intelligence, predictive
analytics, decision-enabling technologies, strategy optimization and
consulting services to enrich client data and allow organizations to
maximize profitability and performance from their customer relationships.
Experian-Scorex works closely with clients in more than 60 countries
across diverse industries, including financial services,
telecommunications, retail, leasing, automotive, insurance and
utilities, enabling them to make billions of customer-focused decisions
As part of the global Experian Group, Experian-Scorex has more than 30
years experience of managing bureau data, adding intelligence to that
data and delivering analytical solutions. It maintains connectivity with
more than 70 credit bureaus around the world and, with offices
worldwide, is uniquely qualified to support local, national, regional
and global businesses.
About Jordan Ahli Bank
Jordan Ahli Bank (previously Jordan National Bank) was established in
1955 and was the first national bank to be established in East Jordan.
Ahli Bank was the sixth public shareholding company to be established in
the Hashemite Kingdom.
For 50 years, the bank has been a leading player in the financial
services industry in Jordan and beyond. Since its formation, the bank
has grown successfully and greatly in terms of its scale, scope and
complexity. At present, the bank is a leading Jordanian institution,
with a steeped national history and heritage, and with a presence in
Lebanon, Palestine, Cyprus, as well as a 19% stake in JIB (London).