Oman’s Bank Nizwa updates Corporate Internet Banking solution to offer seamless services

By Shilpa Annie Joseph, Desk Reporter
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Bank Nizwa
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Oman’s first and leading Islamic financial institution Bank Nizwa has enhanced its Corporate Internet Banking (CIB) solution to support its Wholesale Banking customers, which include SMEs, mid-sized enterprises, major corporations, project finance, and government organizations.

The upgraded CIB solution includes well-tailored and value-added features including improved transaction limits, customer self-administration options such as user creation and user management, Online Utility Payments, PASI Payments, foreign currency payments, various OMR payments, Salary payments, chequebook requests, multi-level approval workflow, and so on.

R Narasimhan
R Narasimhan
GM – Wholesale Banking
Bank Nizwa

“Bank Nizwa has been showcasing an unparalleled growth story in Oman’s banking sector for a couple of years with the support of our valued customers. The upgraded Corporate Internet Banking solution is expected to bring in a valuable experience to customers as an efficient business tool, particularly during this trying pandemic situation. Also, many more exciting Shari’a-compliant products and services are in the pipeline under its Transaction Banking suit and solutions as the Bank continues with its digitization initiatives.”

“The Bank is committed to set a benchmark for Shari’a-compliant digital banking in Oman by creating new value propositions and improving customer experience through innovation. The cited upgrade of Corporate Internet Banking will take our Wholesale Banking customers a step closer to the planned digital Transaction Banking solutions shortly,” commented Mr. Mujahid Al Zadjali, GM of IT & Operations at Bank Nizwa.

With 15 branches and growing across the Sultanate, the Bank intends to offer one-stop financial services to all its clients along with multiple channels for customer access and support to bring Islamic banking closer to the people and enterprises of Oman.

Bank Nizwa is currently advancing and pursuing its digital transformation program to design and deliver Shari’a-compliant digital banking solutions while maintaining its position as the country’s leading Shari’a-compliant partner of choice and propelling Islamic banking growth in the country and region.

Related: FAB’s Payit & Magnati partner with ride-hailing app WOW to provide digital payment solutions

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