Bank Dhofar Completes Acquisition of Bank of Baroda's Oman Operations
BankDhofar has completed the acquisition of Bank of Baroda's Oman operations, with the transfer of all assets and liabilities effective from 1 April 2025.…
Bahrain & Oman
CBB Releases Updated Fit and Proper Requirements Module for Financial Institutions
The Central Bank of Bahrain has published a revised Fit and Proper Requirements Module, setting stricter standards for the appointment and ongoing...…
Al Baraka Islamic Bank Becomes the First Bank in Bahrain to Achieve Open Banking Compliance
Al Baraka Islamic Bank has become the first bank in Bahrain to achieve compliance with the Central Bank of Bahrain's Open Banking Framework for corporate...…
OAB Unveils Corporate Mobile Banking Platform in Partnership with ProgressSoft
Oman Arab Bank has launched a comprehensive corporate mobile banking platform developed in partnership with ProgressSoft, extending full business banking...…
CBB Issues Enhanced National e-KYC Framework to Strengthen Digital Identity Verification
The Central Bank of Bahrain has issued an enhanced National e-KYC framework, strengthening digital identity verification standards across the kingdom's...…
CBB Introduces Funds Passporting Regime for Cross-Border Investment Fund Registration
The Central Bank of Bahrain has implemented a new Funds Passporting Regime, enabling investment funds licensed in Bahrain to be registered and distributed...…
Central Bank of Oman Approves Landmark Open Banking Regulatory Framework
The Central Bank of Oman's Board of Governors has officially approved the country's open banking regulatory framework, establishing the rules for secure...…
NBB Concludes its 2024 Digital Banking Challenge to Empower Young Innovators
The National Bank of Bahrain has concluded its 2024 Digital Banking Challenge, a six-week programme that brought together young innovators to develop...…
Bahrain Leads Global Open Banking Innovation with Centralised Authentication System
A landmark three-way partnership between BENEFIT, Tarabut, and FLOOSS has introduced centralised open banking authentication and consent management in...…
Ithmaar Bank Launches Digital Onboarding for Corporate Clients, Eliminating Branch Visits
Ithmaar Bank has launched a fully digital onboarding service for corporate clients and SMEs, enabling businesses to open accounts without visiting a...…
Bank ABC Anchors Fintech Forward 2024 as Platinum Sponsor, Showcasing AI and Digital Finance Vision
Bank ABC served as Platinum Sponsor of Fintech Forward 2024, Bahrain's flagship fintech conference, using the platform to showcase its digital banking...…
Apple Pay Officially Launches in Oman, Supported by Bank Muscat
Apple Pay has officially launched in Oman, with Bank Muscat as a primary supporting institution, marking a significant milestone for the Sultanate's mobile...…