Capital Bank of Jordan has launched Blink, a digital-only neobank aimed at retail customers, in partnership with Codebase Technologies, the companies said.
The neobank, which went live in February 2022 following a project kickoff in late 2021, allows individuals to open an account in 15 minutes using a national ID via smartphone. Blink offers users a virtual debit card upon registration and delivers a physical card to their address.
Customers can manage accounts, transfer funds, withdraw cash from local and international ATMs, and view transactions through the app. The bank also offers instant credit cards without requiring salary transfers, issued within three minutes of application.
The platform was developed using Codebase Technologies’ Digibanc™ system. The interface was designed with a swipe-based navigation model inspired by social media apps, targeting millennial and Gen Z users.
“Blink will disrupt traditional banking by addressing gaps in transparency, cost, and security,” said Zein Malhas, CEO of Blink. “We’re proud of the collaboration with Codebase Technologies, which helped us bring the product to market quickly and effectively.”
Tamer Al Mauge, MENA managing director at Codebase Technologies, said the launch marks a milestone for both companies. “It is the first neobank of its kind in Jordan, and the collaborative effort behind it was significant.”
Blink is expected to expand services to small businesses at a later stage.
Capital Bank Group, established in 1995, is among the largest banking institutions in Jordan and the region, with total assets of JOD 4 billion ($5.6 billion) and shareholder equity nearing JOD 400 million.
