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April 12, 2023
Digitisation is the norm. Financial institutions and Banks must redesign systems that are scalable, flexible, and capable of meeting rapidly changing customer demand to remain competitive. On the other hand, FinTechs are now collaborating with banks to enable this digital...
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Latest Posts
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The infusion of technology into Islamic banking in Oman is reshaping the sector, enhancing accessibility and adhering to Sharia-compliant finance principles. Key developments include mobile banking, digital customization, fintech collaborations, contactless payments, and the adoption of blockchain and cryptocurrency. This digital evolution caters to tech-savvy customers and promises a future where Islamic banking is both innovative and in alignment with Islamic finance principles.
- October 18, 2023
Oman's financial landscape is rapidly evolving with a significant shift towards digital payments, led by the Central Bank of Oman's National Payment System. This transformation promotes economic growth and prosperity by ensuring scalability, real-time transactions, improved security, and transparency.
- October 13, 2023
Traditional banks in Oman are embracing FinTech to boost inclusivity and innovation in the financial industry. This integration has led to the rise of mobile banking apps, digital payments, open banking with API integration, neobanks, and embedded finance. The synergy between traditional banks and FinTech is revolutionizing Oman's financial landscape, offering a more accessible, efficient, and customer-centric digital ecosystem.
- October 11, 2023
Today, Oman is making headway towards a digital economy to achieve its Vision 2040. Banks are at the forefront of this transformation, increasingly adopting NextGen technologies to improve operational efficiency, enhance customer experience, and expand their reach.
- October 4, 2023
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August 25, 2023
