Jordan: Commercial Bank starts implementing "CONFORM"

The Jordan Commercial Bank has started implementing the most up to date Corporate Governance & Compliance Management solutions to reduce the risk of regulatory exposure “DataStore 32 CONFORM” by means of contract with Image Technologies (ITEC). The implementation is the first of its kind in Jordan and the Middle East. In addition, the Bank is implementing the archiving solution “Datastore32 COLD”.

The first of its kind in Jordan and the region, “DataStore32 CONFORM” performs the task of automatically verifying and transmitting rules and regulations that the bank operates under in a way that guarantees that all bank employees, in their different departments, are aware of these rules and regulations and understand their content. The implementation of “CONFORM” will therefore raise the bank apparatus’ standard of performance and limit operational risks.

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