Jordan Ahli Bank (JAB) has recognized that the board and executives need to embrace IT like any other significant business asset in the Bank. The JAB Board of Directors and executive management—both in the business and IT functions—collaborated and worked together to include IT within the governance and management approach.
In response to the Central Bank of Jordan’s regulations number (65/2016) and its adjustments number (10-6-984), JAB has taken the initiative to use the COBIT framework for the Enterprise Governance of Information and technology (EGIT), to comply with the regulation.
COBIT provides a comprehensive framework that assists JAB in achieving its objectives for the governance and management of enterprise IT. Simply stated, it helps JAB create optimal value from IT by maintaining a balance between realizing benefits and optimizing risk levels and resource use. COBIT enables IT to be governed and managed in a holistic manner for the entire enterprise, taking in the full end-to-end business and IT functional areas of responsibility, considering the IT-related interests of internal and external stakeholders.