Bank Muscat announced that the Central Bank of Oman has approved the bank’s request to launch a $ 100 million (RO 38.5 million) strategic Fintech investment programme. Fintech refers to innovative application of technologies and new technology-enabled business models in the financial services industry. The investment programme is part of the bank’s strategic growth initiative.

The strategic Fintech investment programme will add further momentum to the transfer of technology knowhow and will help create Fintech partnerships and growth opportunities. The programme is also expected to contribute to the wider financial services industry and the economy of the country.

Source: https://www.wamda.com/2019/12/muscat-bank-announces-new-100-million-fintech-investment-programme