Bank Muscat is launching a $100 million fintech investment program in Oman after the Sultanate’s central bank has approved the application of the bank for this purpose. The bank said in a statement the investment program is part of its strategic growth initiative. Abdullah Zahran Al Hinai, chief wholesale banking and strategic growth officer of the bank, said the bank always focuses on adopting cutting edge technology to provide the best in class services and offering innovative digital channels catering to all segments. The investment program will add further momentum to technology transfer efforts and facilitate more partnerships and growth opportunities in the fintech sector, he added.
