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 decision analytics business of Experian.

Experian-Scorex's turn-key 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 network.

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.”

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