Amman, May 26, 2025

Amid the rapidly evolving changes in the financial sector both regionally and internationally—and with the aim of enhancing the readiness of banks in Jordan to adopt artificial intelligence (AI) technologies in risk management—the Association of Banks in Jordan organized a specialized workshop on Monday, May 26, titled “Artificial Intelligence in Risk Analytics for Banking Leaders.” The event was attended by executive managers and department heads from member banks of the Association.

In his opening remarks, Dr. Maher Al-Mahrouq, Director General of the Association of Banks, emphasized that the Association aims through such high-quality workshops to support the digital transformation of the Jordanian banking sector and provide advanced knowledge to banking leaders. This, he noted, is essential to enabling them to anticipate the future and enhance the effectiveness of risk management systems, thereby contributing to financial stability and encouraging innovation in banking products and services.

Held at the Association’s headquarters, the workshop served as a strategic platform to explore the potential of utilizing AI and advanced analytics to improve the efficiency of risk management systems in banks. The workshop aligned with global trends in this field and was delivered by a team of international experts from Lixakro, a Dutch company based in Rotterdam and a leader in quantitative consulting, data analytics, and risk analysis.

The workshop addressed several vital topics, specifically tailored to meet the interests of banking leaders, including:

• Strategic Transformation in Risk Management Using AI: Participants discussed the drivers behind adopting AI technologies in European markets, including the exponential growth of data, increasing regulatory requirements, and the push to enhance competitiveness.
• Achieving Value and Return on Investment (ROI) from AI Applications: The workshop demonstrated how AI can improve decision-making quality, reduce operational costs, and support predictive risk analysis.
• Data as a Strategic Asset: Successful European models of data governance and management were presented, along with case studies from financial institutions on how to turn data into strategic assets that support decision-making.
• The European Regulatory Framework for Using AI in Risk Management: Experts discussed current legislation—especially the European Union Artificial Intelligence Act (EU AI Act)—and explored the challenges institutions face in achieving compliance.
• Skills Transformation and Institutional Capacity Building: The session highlighted emerging labor market demands in the financial sector and the need to develop data analytics and AI skills among employees, with real-world examples from European banks.
• Future Trends and Ethical Challenges: The workshop explored future developments such as federated learning, the importance of model interpretability, and ways to minimize algorithmic bias to ensure transparency and fairness in decision-making.

The workshop concluded with an interactive discussion session that allowed participants to exchange ideas and present challenges they face in implementing these technologies within the local banking environment. Institutional adaptation strategies for this new reality were also explored.

Lixakro is recognized as a leading firm in the field of quantitative analytics, specializing in transforming data into actionable strategic decisions through the development of predictive models and comprehensive risk management solutions, while maintaining compliance with regulatory requirements. The company is staffed by a highly skilled team of experts who design customized solutions tailored to each client’s specific market context.