Bank Nizwa, Oman’s leading Islamic bank, has signed a strategic agreement with Network International to improve its compliance initiatives and enhance digital banking security. This partnership aims to integrate a comprehensive fraud management system into the bank’s operations, ensuring higher security and operational resilience in line with the nation’s digital transformation goals.
The agreement underscores Bank Nizwa’s commitment to providing secure banking services, minimizing fraud-related risks, and aligning with Oman’s vision for a digitally empowered economy. By embedding advanced fraud prevention measures, the bank aims to offer uninterrupted, transparent, and trustworthy services to its customers.
Mohammed Al Hashmi, Chief Compliance Officer at Bank Nizwa, highlighted the importance of this partnership in the bank’s digitalization journey, emphasizing the growing complexity of digital threats. The collaboration with Network International, known for its cutting-edge fraud management solutions, marks a significant milestone in the bank’s mission to set industry benchmarks for secure banking practices.
This initiative aligns with Bank Nizwa’s broader strategy to lead the digital transformation of the banking sector. The bank has already introduced various innovative digital solutions, such as a mobile banking app, an interactive digital-only branch in Mall of Oman, and an enhanced website to ensure seamless, secure, and convenient banking services for customers.
By leveraging global best practices alongside local expertise, Bank Nizwa continues to provide personalized, secure, and efficient banking experiences, strengthening its position as a leader in Oman’s digital banking landscape.
