NBO wins MEA Finance award for innovation

National Bank of Oman (NBO) has won the award for ‘Best Innovation in Corporate Banking and Finance’ at the MEA Finance Banking Technology Awards 2022.

The award recognises the bank’s achievements in delivering smart banking solutions, namely its Corporate Internet Banking (CIB) platform, online trade channel, the first-of-itskind Merchant App, and the recently launched direct debit service, as well as its overall efforts to drive growth in an increasingly competitive regional market, a press release said.

Using technology and security features, NBO’s Corporate Internet Banking (CIB) platform allows companies to make instant transactions, payments and transfers, access account balances and complete transaction history on all company’s accounts, delegate authority and restrict user’s functions.

Meanwhile, the first-of-itskind in Oman Merchant App allows merchants to receive payments through a dynamic QR code raised through the app. Through Direct Debit Service, companies can now automise their monthly payments, eliminating the need for cheques. These services are regularly updated to provide customers with a distinctive banking experience.

Mohammed Yahya al Jabri, AGM, head of Global Transaction Banking at NBO, said,

“Putting our clients first and offering tailored services that meet their evolving banking requirements are key objectives for us at NBO. We continue to employ the latest innovations and technologies to ensure they have access to the best service possible.

This prestigious award recognises our efforts and spurs us on to achieve even more when it comes to digitizing our banking services and ultimately, creating value for the industry.”