NBO showcases next generation of banking and finance technology at COMEX 2022

Roundup Tuesday 24/May/2022 20:24 PM
By: Times News Service
NBO showcases next generation of banking and finance technology at COMEX 2022

Muscat: National Bank of Oman (NBO) participates in this year’s COMEX 2022 as Gold sponsors that was inaugurated by Dr Khamis bin Saif bin Hamoud Al-Jabri, Chairman of the Oman Vision 2040. The Sultanate of Oman’s official technology, communications, innovation and digital transformation exhibition, demonstrates the advances in financial technology and the bank’s capabilities to drive Oman towards a digitally-enabled future.

Held at Oman Convention & Exhibition Centre (OCEC) from 23-25 May, COMEX 2022 – the 31st annual staging of the event – includes a public exhibition, workshops and seminars, as well as deep dive specialist events throughout the year. In addition to exhibiting the measures the bank has implemented to fulfil the objectives of Oman Vision 2040, NBO is proud to be one of the main contributors to Banking & Finance (fintech) Technology Week, presented by the Central Bank of Oman.

Tariq Atiq, Chief Retail & Digital Banking Officer at NBO, said, “COMEX 2022 is the ideal platform for the bank to showcase the next step in the digital transformation of Oman’s financial sector. Banking & Finance Technology Week gives us the opportunity to gain insight into global trends, understand customer needs and continue to build on our reputation as a first mover to adopt the latest technology and develop innovative products and services to empower customers and make their banking needs more convenient.”

NBO was the first local bank in Oman and since its inception 50 years ago it has introduced many market firsts to the country. Relentlessly pioneering new technologies, the bank has fully embraced the digital transformation of banking and was first in the country to introduce self-service kiosks, a Merchant App specifically designed to serve micro and home businesses, and adopted QR codes as a form of payment on POS Machines.

In addition, NBO further expanded the payment options available to customers with its Badeel Prepaid Card which offers all of the advantages of banking with NBO without the need to open an account.

Most recently, NBO introduced digital onboarding which has made opening an account easier than ever as customers simply enter their details and select the type of account they wish to open through the award-winning NBO Mobile App and let the bank take care of the rest.

The multi-lingual NBO app also allows customers to instantly send funds of up to OMR 7,500 from their account using the bank’s digital remittance service available anywhere at any time.

Each year, COMEX is attended by over 30,000 visitors and features over 100 exhibitors from more than 15 countries. COMEX 2022 focuses on major industries and sectors listed in the national strategy for development, including Banking and Finance.