Financial Sector/FinTech In the near future, the global FinTech market is projected to grow at a CAGR of 55% during the period 2016-202030, but with a large untapped potential in the MENA region. Good internet uptake and 75% of Jordanians unbanked leaves a great potential for enabling mobile payment solutions in Jordan. Jordan possess the potential to become the regional FinTech hub, and can be at the forefront of delivering FinTech solutions and transforming industry areas like retail banking, investing, and peer-topeer lending. Next generation payments, lending, HR solutions and banking systems. FinTech, block chain technology Communications and security Particularly in the MENA region, CAGRs are high at around 23% from 2016-2022.31,32 Jordan has strong incentives to drive tech-led/digital security-related solutions and enable communications and connectivity in rural areas. Opportunities for Jordan in communications include for instance online and mobile payment solutions. Also, with the conflict in Syria and Iraq at its borders, Jordan will take a leading role in driving ICT led security-related solutions. In terms of security, with Jordan currently deploying smart IDs, this can include digital signatures as well for authentication into all applications. Advanced techniques in gamification and simulations, as well as more donororiented products and services such as identification and registration solutions Secure digital communications, specific niche technologies Source: DTI All content in the table above are examples of trending technologies adopted in international good practice. They are subject to change with the advancement of technologies. Moreover, the focus areas can be customized and validated to the local context as the sectors’ digitization grow, to ensure alignment with stakeholders’ needs and national priorities. 30 http://www.researchandmarkets.com/research/bl7gn8/global_fintech http://www.lucintel.com/security_services_market_2018.aspx 32 http://www.marketsandmarkets.com/PressReleases/cyber-security.asp 31

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