The Institute of Banking Studies (IBS) and the Digital Skills Association (Digiskills) signed a memorandum of understanding to support and develop the implementation of specialized training programs at both the local and global levels. The aim is to enhance the digital skills of Jordanian university graduates, particularly in areas related to FinTech, finance, and the banking sector.
According to a joint press release issued on Wednesday, the memorandum was signed by the Director of the Institute of Banking Studies, Mr. Riyadh Al-Hindawi, and Dr. Nabil Fayoumi, Managing Director of DigiSkills.
The memorandum outlines cooperation in the exchange of expertise and the provision of necessary human resources to equip participants with essential digital skills. It also includes efforts to develop practical solutions to support employees whose careers are at risk due to the rise of artificial intelligence and ongoing digital transformation.
Hindawi emphasized that the Institute will design and develop specialized training workshops tailored to the needs of the FinTech, finance, and banking sectors in Jordan. These workshops will integrate relevant FinTech content, case studies, and practical exercises to ensure alignment with current market trends, technological developments, and global best practices.
As part of the agreement, the Institute will implement specialized training programs that reflect the latest advancements in financial technology and support digital transformation efforts. These programs will be delivered through virtual platforms to ensure accessibility for diverse groups, particularly young university graduates, helping them strengthen their digital capabilities and improve their chances of employment in the local job market.
For his part, Dr. Fayoumi stated that the Association will assess the feasibility of financing training programs—either fully, partially, or jointly—based on evaluations and the expected impact, as part of the broader collaboration between the two institutions.
The Institute and the Association will also work to build the capacities of trainers in the fields of financial technology and banking, ensuring long-term sustainability in digital transformation efforts and improving the quality of higher education outputs.
Furthermore, the two parties will exchange joint studies to identify emerging trends, challenges, and opportunities in FinTech and digital transformation. These studies will inform the direction of training initiatives and guide the development of digital skills in line with labor market needs. Tools will also be created to monitor and evaluate the effectiveness and impact of the cooperative training efforts, ensuring that they meet workforce requirements and contribute to employability.