Bank Nizwa has partnered with Network International to enhance fraud prevention and digital banking security. The collaboration integrates a comprehensive fraud management system to protect customer transactions and ensure operational resilience. This move supports Oman’s digital transformation goals and strengthens Bank Nizwa’s commitment to secure and innovative banking solutions.
Al Baraka Islamic Bank has successfully implemented SafeNet, an AI-driven fraud prevention solution, in collaboration with Global Payment Services (GPS). The solution enhances the security of digital payment channels, ensuring real-time transaction analysis and compliance with Central Bank of Bahrain regulations, while boosting customer trust in the bank’s services.
The Telecommunications Regulatory Authority (TRA) in Muscat has issued a warning about fraudulent SMS messages impersonating banks to steal money. TRA advises customers to avoid interacting with suspicious messages, report them immediately, and take steps like blocking suspicious senders on WhatsApp to protect against fraud.
