Bank Nizwa has signed two Digital Partnerships with Omantel and Oman Data Park (ODP) in a strategic move to further strengthen the Fintech landscape in the Sultanate and contribute to the nation’s digitalization agenda.
These alliances underscore Bank Nizwa’s commitment to advancing Islamic Fintech solutions while simultaneously driving digital transformation across the local financial sector.
The partnership with Omantel is dedicated to integrating banking services into Omantel’s mobile network, thereby enriching customer experiences with value-added financial services and open banking initiatives through Omani Fintechs. Moreover, it emphasizes leveraging cloud services to optimize expenditure, enhance operational efficiency, and bolster cybersecurity measures.
Meanwhile, the collaboration with ODP aims to identify and capitalize on opportunities for developing and utilizing cutting-edge infrastructure and mobile telecommunications solutions to support Bank Nizwa’s projects, operations, and associated personnel.
Khaled al Kayed CEO – Bank Nizwa
“Amidst today’s digital revolution, Bank Nizwa stands as a vanguard of innovation, continually harnessing modern advancements in both IT and telecommunications. Our digital partnerships with Omantel and Oman Data Park signal a new chapter of collaboration, poised to propel growth within the Islamic Fintech domain. These alliances hold immense significance not only for our institution but also for the broader Islamic Fintech landscape. By leveraging our collective expertise, we aim to tap into new demographics, drive cost efficiencies, and pioneer the development of ground-breaking products and services.”
Bank Nizwa’s partnership with Omantel forms a robust nexus between Islamic banking and telecommunications. With mobile banking integration, customers gain direct access to financial services via Omantel’s mobile network, enhancing convenience and accessibility.
According to the statement, “Bank Nizwa’s collaboration with ODP exemplifies its efforts to bolster its technological infrastructure. This comprehensive initiative spans exploration of innovative solutions such as system integration, 5G network deployment, cloud services, mobile application, smart CCTV solutions, and IoT technologies.”
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