NBO wins award for corporate banking innovation

MUSCAT: Continuing to raise the bar for banking, 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-its-kind Merchant App, and the recently launched direct debit service, as well as its overall efforts to drive growth in an increasingly competitive regional market.

Using technology and security features, National Bank of Oman’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. All of these are accessible 24/7.

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 bin 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 digitising our banking services and ultimately, creating value for the industry.”

More details about NBO’S range of products and services are available in-branch, online at www.nbo.om or by contacting the Call Centre on 24770000.