Jordan Kuwait Bank Successfully Implements CBPR+ Standards on Swift in Collaboration with ProgressSoft

Jordan Kuwait Bank announced the successful activation of the CBPR+ payments platform on the Swift network, marking a key milestone in enhancing the bank’s payment infrastructure and aligning with the ISO 20022 global messaging standards. This achievement reflects the bank’s ongoing commitment to advancing its digital banking ecosystem and strengthening operational efficiency across its branches in Jordan and abroad.

The implementation will significantly enhance the accuracy and processing of financial transactions, improve customer experience, reduce operational errors, and ensure compliance with international best practices and regulatory requirements.

As part of Jordan Kuwait Bank’s strategic digital transformation roadmap, the activation of CBPR+ supports the bank’s full migration to ISO 20022 ahead of the 2025 mandate. The bank worked closely with ProgressSoft to ensure readiness across internal and external financial platforms, secure integration, and real-time compatibility with Swift standards.

Commenting on the achievement, Mr. Haethum Buttikhi, Group Chief Executive Officer of Jordan Kuwait Bank. stated:

“This milestone reflects the bank’s ongoing commitment to developing its digital banking capabilities and delivering innovative services aligned with international financial standards. The implementation of CBPR+ enhances efficiency, improves operational accuracy, and ensures a seamless experience for our customers as we continue progressing toward full ISO 20022 compliance.”

Mr. Michael Wakileh, Chief Executive Officer of ProgressSoft, added:

“This achievement reflects the effective collaboration between both teams. Together, we have set a benchmark for how financial institutions can achieve ISO 20022 readiness across multiple jurisdictions while maintaining operational harmony and fostering shared innovation.”

The milestone reinforces Jordan Kuwait Bank’s position as a forward-thinking institution committed to innovation, modernization, and the delivery of seamless digital financial solutions. Through its long-term partnership with ProgressSoft, the bank continues to build resilient systems and future-ready infrastructure to support evolving banking standards.

About Jordan Kuwait Bank

Jordan Kuwait Bank was established in 1976 as a national bank in Jordan. Since then, it has played a key role in the development of the local banking sector. Today, the bank operates a network of more than 60 branches and offices across Jordan and abroad, reflecting its continuous expansion and comprehensive banking capabilities.

The bank owns several subsidiaries and holds significant shares in leading financial institutions, including:

• The National Bank of Iraq, with 100% ownership
• Middle East Payment Services – MEPS, with 53.4% ownership
• Gulf Bank Algeria – AGB, with 78.3% ownership
• National Bank of Palestine, with 10% ownership

Additionally, the bank has recently began the process of acquiring a controlling stake in FIMBank in Malta.

Major shareholders in Jordan Kuwait Bank include:

• Kuwait Projects Company (KIPCO),
• The Social Security Corporation (Jordan),
• United Gulf Bank (Bahrain),
• Fairfax Financial Holdings (United States),

holding respective shares of 50.9%, 21%, and 5.85%.

Jordan Kuwait Bank is recognized as one of the first banks in Jordan to introduce comprehensive digital banking services. It continues to invest heavily in advancing its digital infrastructure, including mobile banking, online banking, Interactive Teller Machines (ITM), and advanced payment systems — all in alignment with its customer-centric strategy.

For more information, please visit: www.jkb.com.

About ProgressSoft

Since 1989, ProgressSoft has partnered with banks, central banks and payment service providers to deliver the industry’s most comprehensive and evolving portfolio of financial and payment solutions.

Developed entirely in-house, ProgressSoft’s configurable, interoperable, and platform-independent solutions integrate seamlessly with any infrastructure, empowering modernization without disruption.

Powering 22 central payment infrastructures and partnering with more than 380 financial institutions across 26 countries, ProgressSoft has earned enduring trust through its extensive expertise, adherence to international standards, and proven ability to meet regulatory and national mandates with precision.

Renowned for its partnership ethos, round-the-clock responsiveness, and commitment to expert guidance, ProgressSoft unites enterprise-grade reliability with continuous innovation and the assurance of a long-term ally. The result is a future-ready financial ecosystem that empowers every financial institution to move faster, scale smarter and lead with confidence.

For more information visit www.progressoft.com.