BUSINESS REPORTER
MUSCAT, Sept 25
The sixth edition of New Age Banking Summit Oman, supported by Oman Banks Association, drew a good response from the banking and fintech sectors. Tahir Salim al Amri, Executive President, Central Bank of Oman was the chief guest at the event held on September 22, at Al Bustan Palace - A Ritz Carlton Hotel.
In his keynote address, Al Amri shared updates on the CBO’s digital journey, steps to promote digital payments, management of related risks, concessions granted during the pandemic and efforts to study areas including open banking, cloud banking, co-operation between fintech and banks, and crypto eco-system.
In another presentation, Ali Hassan Moosa, CEO, Oman Banks Association highlighted the importance of financial inclusion and the collaboration among government, regulators, civil society organisations, banks, service providers and technology enablers to achieve this.
The Summit hosted a panel discussion titled ‘Driving Innovation and Transformation in Financial Services’.
The panel comprising the well-known industry leaders from banking, fintech and technology solution providers, deliberated on the new trends in digital banking and payments and the future of the financial services sector with evolving customer needs.
The panelists included Khalid al Kayed, CEO, Bank Nizwa; Said Ahmed Safrar, CEO, Oman Investment & Finance Co (OIFC), Ali Hassan Moosa; Ewan John MacLeod, Chief Transformation Officer, Sohar International; Eng Maqbool al Wahaibi, CEO, Oman Data Park; and Eddy Abboud, CEO, GBM Oman. The panel was moderated by Akshay Bhatnagar, Executive Vice President & Group Managing Editor, UMS.
The Summit was a unique platform for the banking and finance professionals to discuss the new developments in global banking and debate on the focus areas for Omani banks.
The event hosted a line-up of speakers from Omani and international organisations, including Ali al Jabri, Manager - Payment Systems Department, Central Bank of Oman; Sunil Mehta, Executive Partner, IBM; Hassan Abdul Ali, General Manager - Service Delivery and Project Management Office, Oman Data Park; Mujahid Said al Zadjaly, General Manager - IT and Operations, Bank Nizwa and; Minella D’Souza, Lead - Customer Engagement – CEMEA, PayMate.
Oman Banking & Finance Awards 2021 were co-located with the New Age Banking Summit. Bank Muscat won the overall Best Bank award in the large banks category.
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